Plus: Feds probe fatal Florida crash tied to CDL failures, Trucking recession deeper than 2008 for some, Truckstop.com scoops up Denim for AI payments, and more.
FreightWaves contributor Adam Wingfield argues that trucking remains in a “Great Trucking Recession,” with suppressed rates, bankruptcies, and structural challenges hitting small carriers harder than 2008.
Truckstop.com acquired fintech firm Denim to expand AI-driven invoice automation and faster factoring options for carriers and brokers, aiming to improve cash flow and streamline back-office operations.
Yellow Corp. ends its century-long service, resulting in job losses for 30,000 employees and reflecting a potential industry crisis.
Publicly trader transportation companies: Ryder, Landstar, and Old Dominion report Q2 2023 earnings.
Molson Coors, recognized as 2023's Shipper of Choice, excels in supply chain management, shipping 13M barrels of beverages annually.
The Marcelino Serna Port of Entry in Texas is set to resume handling commercial truck traffic, providing an alternative route to busy El Paso crossings.
Amid mixed signals, Yellow Corp, the third-largest LTL company, may be on the brink of bankruptcy, posing a significant impact on the logistics sector.
UPS, Teamsters reach a tentative deal on a five-year contract, averting potential nationwide strike.
Yellow halts nationwide pickups amid strike threats and declining shipments.
A reignited fire in a Nikola electric truck stirs safety concerns and raises questions about potential recalls.
Canadian authorities bust major auto theft ring, recovering stolen goods worth $9.24M and arresting 15 individuals in "Project Big Rig" operation.
Knight-Swift's profit dips in Q2 as U.S. freight demand dwindles and revenues across trucking units drop sharply.
The Teamsters union retracts a strike threat at trucker Yellow, preventing potential liquidation.
Pam Transportation reports over 60% YoY drop in Q2 operating income despite increase in service, impacted by 18% decline in revenue per loaded mile.
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