Plus, Flexport announces more layoffs, Hurricane Helene continues to disrupt key lanes, and experts predict truckload carrier rate increase for 2025.
Ari Levy reflects on Coyote Logistics 18-year run as RXO completes the acquisition.
Plus, Carrier411 bans the removal of FreightGuards.
Truck prices have seen a significant drop recently, with three-year-old trucks losing an average of $10,000 in May alone. A truck worth $140,000 about a year ago is now valued at only $77,000. This has caused those who financed these trucks with no down payment at a 6% interest rate to be $33,000 in debt above the value of their trucks.
Yikes! 3 year old truck prices fall another $10,000 on average in May. A $140,000 truck 14 months ago, is now worth $77,000. Almost half its value. Meaning all those loans that were taken out with $0 down 6% interest on a $140,000 Semi are now $33,000 underwater. Time to buy? pic.twitter.com/UDXZmPPHoX
— Tanner DeHart (@TannerDeHartFW) June 27, 2023
Windrose Semi reveals striking similarities to Tesla's design. Here are the features, performance, and industry implications of their electric truck.
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.
Alabama jury rules against Daimler Truck NA in a $160M verdict for a truck driver injured due to alleged defective cab and seat design.
ATRI study shows 39% of truck deliveries face costly delays. Industry loses $15B annually.
Join over 11K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
