In the latest episode of "The FreightCaviar Podcast", we sit down with Grace Maher and Jonathan McCormack of OTR Solutions. They shared their take on the current freight market, freight fraud, and talked about OTR's new platform for carriers.
Plus, Landstar delays Q1 earnings report due to massive fraud hit, witness tied to truck crash scheme murdered, UPS to cut 20K jobs amid Amazon pullback, and more.
After transitioning to AA&E transportation, Josh and Krystal Jesse saw a significant increase in their earnings. They currently operate a 2019 Volvo VNL 860, mainly transporting flatbeds but occasionally handling dry van loads for Tri-State Motor Transit. Photo Source: Overdriveonline.com.
Hauling arms, ammunition, and explosives (AA&E) for the U.S. Department of Defense offers substantial financial rewards but comes with strict requirements, including rigorous background checks, continuous tracking, and specific equipment standards. Only a handful of trucking companies meet the criteria, with most drivers partnering with approved AA&E fleets and going through extensive credentialing processes. Despite the challenges, drivers, such as Josh and Krystal Jesse, have found their pay nearly doubled in the AA&E sector.
There are exceptions in the niches. If you focus more on the path less traveled and acquire what you need, you create your own market. We know folks that gross over $300,000 each year in AA&E. https://t.co/HgpJRxk6Y3
— Adam L. Wingfield 🚛👨🏾💻 (@adamlwingfield) August 8, 2023
Saia shares have had an incredibly challenging past week, dropping 33% after missing earnings, down $117 from its high at $354.15, now trading at $237.95.
Today we sat down with Karolina Plecha, a truck driver living in Norway. She shares insights on life on the road, the future of electric vehicles, and what she does to prepare for unpredictable weather conditions.
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
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