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We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
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
Q2 sees slower rate of trucking business exits, but market remains challenging. Here are the latest industry data and expert insights.
Driver wages remain the largest expense. Safety bonuses ($1,831 average) surpassed starting bonuses for the first time.
Morgan Stanley's latest TLQURE model forecasts significant increases in truckload spot rates over the next year. What does this mean for the industry?
Southeastern carriers are rejecting loads at the highest rate since July 2022, breaking a two-year trend of low volatility and loose capacity.
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