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.
Target's stock reaches a new high with impressive holiday quarter sales and a return to robust gross margins, signaling a strong consumer market.
IKEA requests legal direction for settling $500K owed to truckers after Convoy's bankruptcy. Funds held in court as payment decision is pending.
Plus, active freight brokerages continue to decline, Las Vegas & Central Florida are warehouse hotspots, and DAT Load Board Postings Dip.
At the end of February, the trucking spot market saw further decline, with load posts dropping to a new low since April 2020.
Logistics property rents rose by 6% globally in 2023, with a significant 19% increase in Mexico, driven by nearshoring and demand.
Freight brokerages decline 9.2% year-over-year in Feb 2024, still up 15% from pandemic peak.
California authorities closed a 100-mile stretch of I-80, linking Reno and Sacramento, due to "spin-outs, high winds, and low visibility." The closure, from the California-Nevada border west of Reno to near Emigrant Gap, California, lacks an estimated reopening time.
A Sysco semi-truck hung precariously from a Louisville bridge over the Ohio River on Friday, prompting a daring rescue.
Trucker Tools CEO Kary Jablonski drops some key insights for freight companies as we move into the 2024 produce season.
Andrew Silver and Matt Vogrich join Mastery Logistics Systems, founded by Jeff Silver, as EVPs.
TGIF. That's all. 🤔 Poll Results: Last week, we asked if you were working in the office, remotely, hybrid,
Severe weather across the U.S. this week, including a historic Western blizzard, wildfires, and tornadoes, poses major disruption to freight movement.
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