🎣Freight Rates In Wait
Truckers hit the books as the English proficiency rule kicks in, feds charge a banned Texas carrier, Tropical Storm Andrea stirs up peak season fears... and more in today's newsletter.
Plus, spot rates are up, inbound volumes at the top 10 ports have risen for seven straight months, a freight broker meme, and more.
Forward Air faces major setbacks with a 91% stock decline and debt downgrades from Moody’s and Fitch. Leadership changes and financial woes compound the turmoil.
Spot rates up 11 cents since May start, driven by temporary factors like Blitz Week and Memorial Day. Long-term sustainability uncertain.
Plus, the Port of Los Angeles posted its 11th straight month of year-over-year gains in exports, processing 770,337 total TEUs, up 12% from last year.
Plus, a tornado destroys a truck stop in Texas, Tesla challenges the trucking industry, and Craig Fuller issues a warning about the upcoming hurricane season.
ACT Expo 2024: Tesla, J.B. Hunt, and Kenworth Push the Future of Trucking
A tornado hit Valley View, TX, devastating AP Travel Stop and highlighting severe weather as a major 2024 supply chain risk.
TGIF. The FMCSA might pass a bill to fine shady actors $10,000. We dive deep into this in today&
FleetWorks' AI negotiates freight rates in real-time. What's your reaction?
Forward Air's stock tumbles after the Omni merger and CFO departure. Earnings miss and legal battles further impact investor confidence.
Range Energy unveils new electric trailer system with 67% fuel efficiency gains, marking a major milestone in heavy transport electrification.
Plus, an Illinois-based trucking company files for bankruptcy, a Memorial Day cargo theft alert, and more.
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