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In the second quarter, the national truck freight market continued its downward trend. Both the U.S. Bank Shipments and Spending Indexes contracted from the first quarter, though the declines were less severe compared to recent quarters.
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Just over a year ago, the industry was stunned by the news of Surge Transportation declaring Chapter 11 bankruptcy. Equally surprising, Surge Transportation emerged from bankruptcy filed on July 24, 2023, to complete a successful reorganization by July 24, 2024.
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New phishing scheme aimed at Carrier411 and users who are worried about potentially bad reviews or freight guard reports. This scheme uses fake domains and emails to trick the user into thinking they have a negative freight guard or review.
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Despite a challenging 27 months for freight brokerages during this market downturn, often considered a freight recession or even a depression, the overall credit scores for these brokerages are not as dire as expected.
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Two executives from the now-defunct Florida-based trucking and logistics firm, Royal Bengal Logistics Inc., have been charged with participating in a Ponzi scheme that fraudulently raised about $112 million from 1,500 investors.
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In recent months, the freight industry has been rocked by a wave of unprecedented scams. Just last week, we discussed a freight ransom ring in Illinois. Now, we have another alarming story to share: corporate espionage.
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A recently unsealed indictment has revealed allegations that a trucking company was secretly operating a statewide network, leading to the seizure of nearly 13,000 pounds of methamphetamine and dozens of guns.
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Another brokerage company has successfully defended itself in court, with a recent ruling holding that a 3PL (third-party logistics provider) is not liable for an accident involving a carrier it hired.
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A new electric Class 8 truck from Chinese manufacturer Windrose was unveiled at the ACT Expo in May 2024. The truck has a range of up to 415 miles (670 km) and is designed for long-haul trucking.
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Nearly two dozen freight brokers claim that Agility Express Inc., an Illinois trucking company, and its network of affiliated carriers targeted their businesses just before the Fourth of July holiday, holding 36 confirmed loads hostage for ransom.
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Connecticut State Police (CSP) conducted a traffic stop on a commercial vehicle on July 10th in Danbury after troopers observed it bypassing a weigh station and traveling on secondary roads.
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Freight is going mainstream on the Bachelorette with contestant Devin Strader. Devin appears to be the definition of a freight entrepreneur.