Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
Electric truck adoption faces challenges due to the lack of charging infrastructure and potential strain on the grid, highlighting the need for faster infrastructure development.
The swift adoption of electric trucks in states like California is presenting challenges due to a lack of charging infrastructure and potential strain on the electrical grid. The required grid upgrades could take years, causing inconvenience and temporary restrictions on charging during peak power usage periods. This situation highlights a disconnect between rapid advances in electric vehicle technology and the slower pace of infrastructure development, adding further complications for logistics firms attempting to electrify their fleets in line with state regulations.
Source: The Wall Street Journal
A truck carrying flammable chemicals crashed and exploded on Route 3 in Clifton, NJ, killing the driver and forcing evacuations.
Q2 sees slower rate of trucking business exits, but market remains challenging. Here are the latest industry data and expert insights.
Driver wages remain the largest expense. Safety bonuses ($1,831 average) surpassed starting bonuses for the first time.
We are currently getting insider information from a freight broker who is dealing with this situation.
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