DOT Blitz Week starts tomorrow, and brokers are bracing for one of the toughest weeks in years. Plus: $10.1M in stolen freight leads to five years in prison, Forward Air loses 40% of its value, diesel prices hit produce costs, and more.
Aurora's driverless trucks are moving real loads between Dallas and Houston right now, and nobody is in the cab. Plus: RXO signals a strong freight rebound, Ken Adamo joins Ease Logistics, rail got faster to Mexico, and more.
Aurora signed two major partnerships in one week. Spot rates just hit an all-time high. A Chicago cross-dock blew up Reddit over how shippers load trailers. And someone dug into Super Ego's carrier network — the safety scores are not okay.
Florida comes in with the second-highest percent drop in broker permits.
The trucking scene in Florida is hitting the brakes. Here's what the data shows for the Sunshine State.
Florida comes in as the state with the second-highest percent drop in broker permits.
During the pandemic's peak, truckers and freight brokers thrived as online shopping soared. But as consumer spending shifts from goods to experiences, the industry is feeling the pinch.
Ripple Effects
The industry is 'normalizing' after a pandemic boom, grappling with lower freight rates and higher fuel costs. The Florida downturn mirrors a 78% drop in the national freight market, hinting at economic recalibration.
Source: TCPalm
📊 Diesel prices rise, hiding a downturn in the trucking market. While spot rates appear stable, without fuel costs, they trend lower. Carriers face rising costs without raising prices. Shippers, brace for a tighter 2024! 🚛⛽️📉 #ChartOfTheWeek #FreightWaves #SONAR https://t.co/3pNnVKfMjP
— Compare The Carrier (@CompareCarrier) October 2, 2023
Plus, STG's path out of bankruptcy, Wyoming's "Truck Around and Find Out" operation, what "phantom capacity" means for Mexico lanes, and more in today's newsletter.
Plus, a cabless autonomous truck just raised $24M, non-domiciled CDLs rules need clarifying, CSX posts a 26% profit jump while watching the UP-NS merger closely, and more in today's newsletter.
Plus, USPS gives non-domiciled CDL carriers an 11-day deadline, the spot-to-contract spread starts squeezing 3PLs, Knight-Swift trims its Q1 guide but stays bullish, and more.
Plus: 170+ truckers removed in Florida, new bill proposes $5M motor carrier insurance, truck sales take a huge dive, and more.
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