Freight margins are razor-thin. The brokerages surviving it built nearshore teams that actually work.
Flatbed rejections hit a record 48.7%, broker numbers stop falling, and diesel jumps 30 cents overnight.
Congress is moving to put driverless 80,000-lb trucks on public roads. Plus: 13,000 California CDLs get cancelled, diesel hits a 32-year record, Florida wants $50K to get your truck back, and more.
J.B. Hunt reports Q2 earnings, impacted by weaker demand, with uncertainty around 2023 peak shipping season.
J.B. Hunt Transport Services reported Q2 earnings per share of $1.81, falling short of expectations due to soft demand, and indicated uncertainty around the impact of the 2023 peak shipping season. While intermodal volumes outpaced the industry, the company's brokerage revenue and truckload segment saw declines, but the dedicated unit reported its highest-ever operating income.
Source: FreightWaves
Plus: holiday trucking shutdowns, a broker liability bill facing pushback, DOT threatening funding over failed CDL audits, and more in today’s newsletter.
Plus: a Wyoming pipeline blast snarls a key freight corridor, brokers double down on U.S.–Mexico, truckload hauls shrink to record lows, and more in today’s newsletter.
Plus: 3,000 drivers sidelined over English tests, DOT fraud crackdown follows FMCSA’s data glitch, two TV cargo theft schemes, and more.
I have spoken to many candidates, and I see a common theme. Freight Fatigue Logistics folks are worn down by
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