Plus: Chattanooga floods close I-24 and stall freight, LA port hits its highest monthly volume in 117 years, July sees another spike in trucking bankruptcies, and more.
Funny Freight Friday: You heard him- sing!
Bankruptcy filings and closures are mounting in trucking as tight lending and “zombie carriers” keep rates low, delaying the market correction and prolonging a multi-year freight recession.
Winners * Columbus, OH - Atlanta, GA with a 8.3% rate increase in the last 30 days. * Chicago, IL -
Transfix struggles to raise $50M Series F at 60% reduced valuation, amid weak freight market conditions.
Seedless watermelons are surging ahead in the produce freight industry, with Florida and Georgia seeing the highest volumes. This trend
The global supply chain is recovering with significant improvements in ocean freight shipping, air cargo, trucking, and warehouse capacity, which is easing inflationary pressures.
To try to reduce costs, Kroger’s sourcing and supply-chain teams are examining the trucking routes for food manufacturers and other areas where expenses could be stripped out, McMullen said.
Shippers start diverting freight from Yellow Corp. due to concerns over its future, according to a TD Cowen report. What potential impacts will this have on industry?
U.S. container import volumes reach their peak earlier than usual, hinting at a potential steady downturn. This data-based insight is crucial for logistics professionals planning for the months ahead.
Morgan Stanley predicts Q2 2023 to be the bottom of the cycle for trucking companies, with estimates adjusted ahead of the earnings season.
Comprehensive analysis of the Q2 2023 North American truckload freight rates, including van and reefer rates, along with future predictions based on market trends and predictive models.
As shipping rates fall, many who started trucking companies during the pandemic, like Arnesha Barron, are facing financial hardship. Discover their stories.
Knight-Swift Transportation lowers operating performance forecast due to persistently soft demand in the full truckload market.
The rapid hiring in warehousing during the pandemic slows down, reflecting changes in the labor market and a slowdown in online sales growth.
Join over 12K+ 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).
