🎣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: the wildest freight email ever sent, 163k truck drivers at risk of losing their CDL, and more.
163,318 truckers risk losing their CDLs when the FMCSA's new Clearinghouse rule takes effect in November. Here's what it means and how it impacts the industry.
Tractor-trailer thefts in Mexico have increased, with 153 incidents in April alone, highlighting a rising concern for cross-border trade security.
CBP officers at Laredo's World Trade Bridge seize 37 pounds of cocaine valued at nearly $500K hidden in a truck hauling cotton candy.
Plus, this one state has seen a 126% rise in cargo theft last quarter.
Here's how AI is propelling freight tech startups to new heights, with Overhaul, Paxafe, and FleetPulse securing a combined $93M in recent funding rounds. Plus, C.H. Robinson goes big on automation in email transactions.
Alice F. Martin, owner of Martin Logistics, faces charges for evading nearly $1.2 million in taxes.
The first quarter of 2024 saw a 10% rise in cargo theft reports compared to the fourth quarter of 2023.
Plus, electric trucks are costing more to operate than anticipated, Peloton claims Flexport cost them millions, and a truck driver passed out after police found cocaine in his cab.
Despite a shaky start in April, late-month improvements in freight metrics suggest potential for a boom within the next year.
Peloton alleges Flexport's inefficiencies led to millions in unfair detention and demurrage charges.
Ryder's analysis reveals significant operational cost differences deterring companies from adopting electric trucks.
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