Harjeet Singh Dhadda, a Mississauga trucking firm owner, was fatally shot after reportedly refusing to pay a $500K extortion demand. Peel Police are investigating all leads.
Aurora reverses course on fully driverless trucks in Texas, placing a human in the driver’s seat following safety concerns from manufacturing partner Paccar.
Funny Freight Friday: When there's not enough adrenaline in your life so you go from being a security guard to working in logistics.
Greenscreens.ai provides its freight market update for June 5th, 2023, detailing the 30-day average rate per mile trend for dry vans across key lanes. The Baltimore, MD - Chicago, IL lane had an average length of 725 miles and demonstrated a 3.5% increase in the rate per mile from its 30-day average of $1.54. The Dallas, TX - Lubbock, TX lane saw a 2.1% rise in its rate per mile, with an average journey length of 337 miles. However, rates on the Charlotte, NC - Lakeland, FL lane, spanning an average of 588 miles, decreased by 4.1% from its 30-day average rate of $2.74. Finally, the rate per mile for the Stockton, CA - Ontario, CA lane, averaging 367 miles, fell by 4.3% from its 30-day average of $1.74.
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The freight market recovery is still stuck in neutral, so what are brokers doing instead? 76% are betting on tech, automation, and efficiency to stay ahead in 2025.
Freight markets show slow recovery signs, but challenges persist. Dive into the latest tonnage, load-to-truck ratios, and order data shaping the trucking industry.
Fed Chair Jerome Powell hints at imminent interest rate cuts to support the labor market. Markets react positively as September meeting looms.
ACT Research lowers 2025 truck forecasts as inventory hits record levels. FTR reports July Class 8 orders below expectations, signaling market shifts.
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