When ELD tampering and GPS spoofing go unchecked, gaps in trailer visibility open the door to cargo theft. Here’s how GenLogs is using visual intelligence to close that gap.
Here is another round-up of the most engaging and talked-about freight content from around the web and from us.
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.
Q2 2023 saw a historic 27% drop in Northeast regional shipments YoY, worse than the 2020 pandemic period, as per a U.S. Bank index.
According to a U.S. Bank index, Northeast regional shipments have plummeted by 27% in Q2 YoY. This figure is even more staggering compared to the 25% drop during Q2 of 2020, at the onset of the COVID-19 pandemic. Key data points reveal:
The report attributes the decline in the Northeast to weaker demand for consumer goods and a slowdown in manufacturing. The Southwest, however, defies the trend, largely thanks to robust cross-border truck traffic with Mexico.
Source: Transport Dive
Global shipping markets face a late-summer mix of tight space, tariff uncertainty, and inland transport pressures.
South Korea is offering multi-billion-dollar investments in U.S. shipbuilding to avoid 25% tariffs, aligning with Washington’s push to counter China’s dominance in global shipbuilding.
Tariffs will resume Aug. 1 for nations lacking U.S. trade deals, escalating uncertainty for importers as unclear timelines continue to change.
Tensions in the Strait of Hormuz rise after U.S. strikes on Iran, threatening oil flows, diesel prices, and global freight shipping
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
