A robust, proactive, and responsive security system is essential to reduce cargo theft risks effectively. Leading the charge in these solutions is remote live video monitoring. Learn more here.
In the latest episode of "The Freight Caviar Podcast", we sit down with Danny Frisco, CEO & Co-Founder at Rapido Solutions Group. He discusses the advantages and disadvantages of outsourcing and Rapido's future growth plans.
Plus, an EV maker partners with Ryder to test a hybrid diesel system, HappyRobot releases an AI update for brokers, and load board traffic declines over the past 3 months.
Knight-Swift Transportation Holdings, one of the nation's largest trucking companies, has reduced its operating performance forecast, citing a persistently soft demand in the full truckload market. This decrease in demand has led to a significant drop in both volumes and pricing, with costs remaining stable. Other trucking companies, such as P.A.M. Transportation Services, have also reported significant financial hardships in this strained market environment. This news comes after Knight-Swift completed the acquisition of U.S. Xpress Enterprises, further impacting its financial situation.
This downturn in the full truckload market underscores the volatility in the logistics industry, with swift changes in demand dynamics impacting operational margins. Companies like Knight-Swift must adapt to these market changes quickly to maintain profitability.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
North Carolina upgrades weigh stations with $5.8M tech boost. New systems include weigh-in-motion and license plate readers for improved safety and efficiency.
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