Inside: FedEx's market triumph, the controversy at Yellow Corp, Waabi and Uber Freight's decade deal, and the hammer comes down on PPP loan-scamming trucker.
As 2023 seasonal hiring gets underway, some retailers are cutting back on workers while others are hiring more.
Analysis of TuSimple's challenges in the autonomous trucking industry and FedEx's impressive financial performance surpassing expectations.
The trucking industry's seasonal uplift during produce season falls short this year, exacerbating an ongoing slowdown due to various factors.
The typical boost in freight demand expected during the produce season has failed to materialize this year, with the trucking industry already facing a slowdown. Normally, the period from February to July is a vital one for freight demand, but this year, several elements came together to weaken it. Among these were an excess of available trucks and a weaker demand heading into the season, coupled with an underwhelming harvest due to unfavorable weather conditions. The American Trucking Associations' data showed for-hire truck tonnage decreasing by 5.4% in March and 1.7% in April, with a small rise of 2.4% in May. These numbers also represent a year-over-year decline.
Source: Transport Topics
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Publicly trader transportation companies: Ryder, Landstar, and Old Dominion report Q2 2023 earnings.
The South is transforming into the US's new industrial heartland, with investments pouring into sectors such as EV battery production.
Explore a 20-year analysis of U.S. trade shifts with China and the rise of South and Southeast Asian countries as significant trading partners.
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