Plus: chameleon carriers defend their tactics, UPS and FedEx ground MD-11s after a deadly crash, and Oklahoma steps up CDL enforcement.
Plus: ICE raids hit Illinois logistics, Texas layoffs climb past 900, and air cargo braces for turbulence and more in today’s newsletter.
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Diesel prices surge 9.9¢ in a week, hitting $3.905 a gallon, marking the largest increase since March 2022.
A reignited fire in a Nikola electric truck stirs safety concerns and raises questions about potential recalls.
Canadian authorities bust major auto theft ring, recovering stolen goods worth $9.24M and arresting 15 individuals in "Project Big Rig" operation.
Aurora Innovation completes a capital raise of $820 million, supporting its autonomous trucking venture launch.
Knight-Swift's profit dips in Q2 as U.S. freight demand dwindles and revenues across trucking units drop sharply.
The Teamsters union retracts a strike threat at trucker Yellow, preventing potential liquidation.
Yellow's potential bankruptcy amid a union dispute threatens to disrupt the less-than-truckload industry significantly.
Warehouse rents will continue to rise despite falling logistics transportation rates, says the CEO of the world's largest warehouse landlord.
Non-FedEx shippers may find it challenging to secure services if a strike occurs at UPS, warns a Shipware LLC consultant.
Despite expectations, Class 8 truck orders remain steady. With all order slots filled, the production for Q4 2023 is anticipated to be strong.
Despite falling short of economists' expectations, June's retail sales rose by 0.2%, signalling a slowing yet steady consumer demand amid inflation worries.
UPS and Teamsters gear up to resume negotiations for a new labor contract. Talks focus on industry-leading pay and benefits for unionized workers.
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