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.
The fatal Florida truck crash has triggered a federal probe into CDL licensing failures.
Plus, a Bank of America report highlights year-over-year changes in consumer spending, a Florida freight forwarding president is arrested, and FedEx considers changes to its LTL arm.
In today's newsletter:
What really happened with Convoy? How did Silicon Valley get freight brokerage so wrong? We got the answers from the ultimate insider: Bill Driegert, Co-Founder of Uber Freight and now EVP of Convoy Platform at DAT Freight & Analytics.
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.
Plus: Chattanooga floods close I-24 and stall freight, LA port hits its highest monthly volume in 117 years, July sees another spike in trucking bankruptcies, and more.
Here is another round-up of the most engaging and talked-about freight content from around the web and from us.
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