Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
Former driver for mail contractor Ameritrans Express claims the company owes him over $15,000 in back wages, amid bankruptcy.
Ameritrans Express, a contract delivery firm for the U.S. Postal Service, is under investigation by federal and state agencies over claims of unpaid wages and overtime. The accusations come from former employee Dustin Paxson, who alleges he is owed over $15,000. The situation is complicated by Ameritrans' recent filing for Chapter 11 bankruptcy, raising concerns about if and when the debts will be repaid.
Source: FreightWaves
A former driver for Ameritrans Express says he is owed more than $15,000 in back wages, overtime and mileage reimbursement. He says he and other former Ameritrans drivers are concerned about whether they will get their money after it filed for Chapter 11.https://t.co/HibM8YEuCZ
— FreightWaves (@FreightWaves) July 5, 2023
A truck carrying flammable chemicals crashed and exploded on Route 3 in Clifton, NJ, killing the driver and forcing evacuations.
Q2 sees slower rate of trucking business exits, but market remains challenging. Here are the latest industry data and expert insights.
Driver wages remain the largest expense. Safety bonuses ($1,831 average) surpassed starting bonuses for the first time.
We are currently getting insider information from a freight broker who is dealing with this situation.
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