FMCSA replaces carrier registration system, FedEx Freight spins off, US–China trade deal advances, and freight market tightens post-blitz, and more in today's newsletter.
"We’ve gotten feedback that it saves them days of manual work, and they walk in prepared and being a good partner.”
Motor oil shortages are emerging amid supply chain disruptions. Plus: freight prices hit an 8-year high, broker bonds and nuclear verdicts under the microscope, a trucking company pays $5.5M for refusing to hire women, and more.
Q2 results for TFI and Heartland Express show weaker financial performance, but both firms eye potential future operational improvements.
Canadian transport firm, TFI International, reported a Q2 revenue, including fuel surcharges, of $1.79 billion, a noticeable drop from the $2.42 billion in Q2 of 2022. Concurrently, Heartland Express also reported lower-than-expected Q2 earnings. Key numbers for both companies include:
Despite these challenges, both companies expect future improvements and increased freight demand.
Sources: FreightWaves and FreightWaves
Plus, the offshore dispatchers your safety score can't catch, why Hormuz stays closed even after the war ends, what Triumph Financial's invoice volumes say about where freight is headed, and more.
Plus, diesel's rising price streak finally snaps, a 13-year shipper relationship ends in a $726K lawsuit, Congress takes a real swing at cargo theft, and more in today's newsletter.
Plus, C.H. Robinson's 2026 rate forecast update, Hormuz tankers still stuck, a $1M LEGO heist, and more.
The March LMI reads like 2022 with prices at a 4-year high. Plus: warehouse arson in California, Mexico's trucker strike enters day three, and broker margins are still underwater.
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