🎣 OTR v. DAT
Plus: A Google Cloud outage disrupts key freight platforms, a new Trevor Milton doc takes aim at the fraud narrative, GenLogs ranks the top carrier activity leaders, and more.
IKEA requests legal direction for settling $500K owed to truckers after Convoy's bankruptcy. Funds held in court as payment decision is pending.
Plus, active freight brokerages continue to decline, Las Vegas & Central Florida are warehouse hotspots, and DAT Load Board Postings Dip.
At the end of February, the trucking spot market saw further decline, with load posts dropping to a new low since April 2020.
Logistics property rents rose by 6% globally in 2023, with a significant 19% increase in Mexico, driven by nearshoring and demand.
Freight brokerages decline 9.2% year-over-year in Feb 2024, still up 15% from pandemic peak.
California authorities closed a 100-mile stretch of I-80, linking Reno and Sacramento, due to "spin-outs, high winds, and low visibility." The closure, from the California-Nevada border west of Reno to near Emigrant Gap, California, lacks an estimated reopening time.
A Sysco semi-truck hung precariously from a Louisville bridge over the Ohio River on Friday, prompting a daring rescue.
Trucker Tools CEO Kary Jablonski drops some key insights for freight companies as we move into the 2024 produce season.
Andrew Silver and Matt Vogrich join Mastery Logistics Systems, founded by Jeff Silver, as EVPs.
TGIF. That's all. 🤔 Poll Results: Last week, we asked if you were working in the office, remotely, hybrid,
Severe weather across the U.S. this week, including a historic Western blizzard, wildfires, and tornadoes, poses major disruption to freight movement.
A surprising discovery at Otay Mesa: A lime shipment conceals over $3 million in cocaine.
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