Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
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.
Owing to battery supply chain issues, Tesla's CEO Elon Musk has announced that large-scale production of the company's electric Semi truck will be delayed until the end of 2024.
Tesla CEO Elon Musk has announced further delays in large-scale production of the company's Class 8 electric Semi truck, citing battery supply chain constraints. Musk indicated that mass production of the Semi, which requires a significantly larger battery pack than average electric vehicles, is not expected to commence until the end of 2024. The Semi was initially announced in 2017, and while some units have been delivered to Pepsi and Frito-Lay in California, many companies are still awaiting their preorders.
Source: FreightWaves
Tesla Semi volume production plans pushed back slightly, but still planned for 2024 https://t.co/z6JHkCJ4DP
— dq ayaan (@duqayaan) June 16, 2023
A truck carrying flammable chemicals crashed and exploded on Route 3 in Clifton, NJ, killing the driver and forcing evacuations.
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.
We are currently getting insider information from a freight broker who is dealing with this situation.
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