Plus: LAPD busts a $3.9M cargo theft ring, Nuvocargo and UPS expand in North America, U.S. moves to ease rules for self-driving trucks, Funny Freight Friday, and more.
Funny Freight Friday: Same thing.
The market’s brutal, sure, but for freight agents with the right tools, it’s prime hunting season. Here’s how they’re making it work.
JB Hunt reports an 18% YoY drop in Q2 revenues due to a persistently weak freight market. The company seeks cost-effective strategies.
JB Hunt Transport Services announced an 18% YoY fall in Q2 revenues, attributing it to the weak freight market. This drop in revenues, to $3.13 billion, was coupled with YoY volume declines across all segments. Despite these challenges, the company plans to withstand the freight slowdown, offering competitive pricing and helping customers reduce costs through route redesigns and fleet optimization. Q2 also saw a YoY increase of 12% and 21% in operating income for its final mile services and dedicated contract services segments respectively.
JB Hunt remains dedicated to investing in technology to enhance productivity and provide customer value, despite the uncertain market environment.
Source: Transport Topics
J.B. Hunt Transport with another double miss.
— The Transcript (@TheTranscript_) July 18, 2023
"Demand for intermodal capacity continued to be impacted by weaker overall freight activity, particularly import-related freight"$JBHT: -0.6% AH https://t.co/LdrO9pKybE pic.twitter.com/HSGz5lh9Ru
Today we sat down with Karolina Plecha, a truck driver living in Norway. She shares insights on life on the road, the future of electric vehicles, and what she does to prepare for unpredictable weather conditions.
Is this trucker a criminal or just a hustler trying to stay in the game? It depends on how you look at it.
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
CtrlChain carriers cut admin time by 95%, process paperwork 80% faster, and get paid 4x quicker. See what’s new in 2024—and what’s coming next in 2025!
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