March's freight market update. Plus: Elon's $25B chip factory in Texas, UNFI closing a Wisconsin DC, Chick-fil-A building its own supply chain, and more.
Fuel is up, trucks are parking, and a two-year broker just got his first real market education.
LA rejections just doubled, flatbed hit $3.74, and 9,500 drivers are off the road. Plus: SoCal theft ring busted, C.H. Robinson cuts headcount, UP CEO fires back, and more.
APL Cargo bankruptcy adds to the list of trucking company hits in recent years. Read about the industry struggles and major closures from the past five years.
Plus, more freight brokerages are closing, a spot market update, and more.
Despite the challenges, the transportation market shows signs of potential regional balance, particularly in the southern markets.
The freight brokerage industry saw a net decline of 265 active brokerages in June 2024, marking the sixth consecutive month of negative net changes.
Plus, this former NFL MVP now owns a freight brokerage; RXO and C.H. Robinson have been hit with debt downgrades, and more.
Metallica's European tour features Iveco's renewable-energy trucks run on renewable natural gas and hydrogenated vegetable oil.
RXO joins C.H. Robinson and Forward Air as the latest to face debt downgrading.
Cam Newton's New Play: Freight Brokerage. The former MVP quarterback discusses his ventures in the trillion-dollar freight industry, calling it "recession-proof."
Over half of all respondents in a FreightCaviar poll said rising costs are putting the biggest pressure on freight broker margins. How can you relieve it?
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.
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