Plus: LAPD busts a $3.9M cargo theft ring, Nuvocargo and UPS expand in North America, U.S. moves to ease rules for self-driving trucks, Funny Freight Friday, and more.
Funny Freight Friday: Same thing.
The market’s brutal, sure, but for freight agents with the right tools, it’s prime hunting season. Here’s how they’re making it work.
In the wake of a three-year pause on student loan repayments, a staggering 25 million Americans, who contribute significantly to the goods economy, are bracing for the reinstatement of an average monthly payment of $393 starting Q3. This looming financial obligation is expected to significantly curtail consumer spending, particularly in the physical goods sector, posing a substantial risk to the overall economy.
This is the biggest risk currently in the goods economy.
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) May 29, 2023
Student debt is the 2nd largest form of consumer debt in the US. 25M Americans were able to pause their $393 avg. payment/mo for the past 3 yrs. It resumes in Q3.
It is going to take consumer spending with it. This demo… https://t.co/C5ImwJq2m2
The freight market recovery is still stuck in neutral, so what are brokers doing instead? 76% are betting on tech, automation, and efficiency to stay ahead in 2025.
Freight markets show slow recovery signs, but challenges persist. Dive into the latest tonnage, load-to-truck ratios, and order data shaping the trucking industry.
Fed Chair Jerome Powell hints at imminent interest rate cuts to support the labor market. Markets react positively as September meeting looms.
ACT Research lowers 2025 truck forecasts as inventory hits record levels. FTR reports July Class 8 orders below expectations, signaling market shifts.
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