Plus: Feds probe fatal Florida crash tied to CDL failures, Trucking recession deeper than 2008 for some, Truckstop.com scoops up Denim for AI payments, and more.
FreightWaves contributor Adam Wingfield argues that trucking remains in a “Great Trucking Recession,” with suppressed rates, bankruptcies, and structural challenges hitting small carriers harder than 2008.
Truckstop.com acquired fintech firm Denim to expand AI-driven invoice automation and faster factoring options for carriers and brokers, aiming to improve cash flow and streamline back-office operations.
Convoy Inc explores strategic decisions amid a challenging trucking market, as experts suggest potential mergers or sales.
Seattle-based digital freight brokerage, Convoy Inc., facing challenges from a downturn in the U.S. truckload market and amid dwindling valuations, has hired Goldman Sachs to explore potential strategic decisions that might include a sale, merger, or significant investment. As the trucking sector witnesses declining volumes and rates, leading logistics platforms like Convoy and Uber Freight are struggling to meet growth and revenue targets, prompting industry observers to speculate on possible acquisitions.
Source: FreightWaves & Brittain Ladd
What sells for more?
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Plus: A Florida trucker charged in a fatal illegal U-turn crash, C.H. Robinson earns back its S&P upgrade, truck OEMs ditch the clean truck pact, and more.
Margins are tight, and the freight market isn’t making it easier. Here's how brokers are rethinking their systems to stay profitable in 2025.
FMCSA’s renewed English-language proficiency checks are sidelining drivers and igniting debate.
Truck manufacturers face steep order declines as regulatory rules remain unclear and tariff policy shifts. Some signs of recovery emerge, but the outlook stays cautious.
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