DOT Blitz Week starts tomorrow, and brokers are bracing for one of the toughest weeks in years. Plus: $10.1M in stolen freight leads to five years in prison, Forward Air loses 40% of its value, diesel prices hit produce costs, and more.
Aurora's driverless trucks are moving real loads between Dallas and Houston right now, and nobody is in the cab. Plus: RXO signals a strong freight rebound, Ken Adamo joins Ease Logistics, rail got faster to Mexico, and more.
Aurora signed two major partnerships in one week. Spot rates just hit an all-time high. A Chicago cross-dock blew up Reddit over how shippers load trailers. And someone dug into Super Ego's carrier network — the safety scores are not okay.
Amazon leads U.S. delivery volumes, surpassing UPS and FedEx with a strategic network expansion and franchise program.
Amazon has overtaken UPS and FedEx to become the biggest delivery business in the U.S. by package volume, delivering over 4.8 billion packages before Thanksgiving 2023 and on track for 5.9 billion by year-end, outpacing both competitors. The company's growth in the delivery sector has been rapid since 2016, bolstered by its own expanding logistics network, a franchise program for delivery entrepreneurs, and a strategy focused on regionalizing its network for faster delivery and increased profitability, despite not matching the global coverage and pick-up services of UPS and FedEx. Meanwhile, UPS and FedEx have shifted focus towards more profitable parcels and other segments of the market beyond Amazon.
Amazon will deliver 6B parcels in 2023.
— Trung Phan (@TrungTPhan) November 27, 2023
It’s officially the largest delivery business in the US, surpassing both UPS or FedEx. pic.twitter.com/cBXuNZCqbA
Source: The Wall Street Journal
Plus, STG's path out of bankruptcy, Wyoming's "Truck Around and Find Out" operation, what "phantom capacity" means for Mexico lanes, and more in today's newsletter.
Plus, a cabless autonomous truck just raised $24M, non-domiciled CDLs rules need clarifying, CSX posts a 26% profit jump while watching the UP-NS merger closely, and more in today's newsletter.
Plus, USPS gives non-domiciled CDL carriers an 11-day deadline, the spot-to-contract spread starts squeezing 3PLs, Knight-Swift trims its Q1 guide but stays bullish, and more.
Plus: 170+ truckers removed in Florida, new bill proposes $5M motor carrier insurance, truck sales take a huge dive, and more.
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