Plus, cargo theft risks spikes ahead of Memorial Day, April sees drop in freight, a Wisconsin carrier and brokerage file for bankruptcy, and more.
ATA and ACT Research report declines in U.S. truck tonnage and trailer orders in April, as economic uncertainty and tariff pressures stall recovery across freight and equipment markets.
Trucking firm Elite Carriers and brokerage affiliate ECI Inc. have filed for Chapter 11 bankruptcy, joining three other entities owned by Kirk Ecklund in seeking protection.
Plus, Surge Transportation rebounds from bankruptcy, Saia's stock plummets nearly 20% following its earnings report, and more.
Good morning. A lithium-ion battery truck fire shut down I-15 near Baker, California, stranding thousands of travelers in scorching heat over the weekend. In more positive news, Surge Transportation successfully restructured after Chapter 11 bankruptcy, becoming the first brokerage to do so, while the cold logistics sector continues heating up with FreshX securing $2.7M in funding.
Plus, cargo theft risks spikes ahead of Memorial Day, April sees drop in freight, a Wisconsin carrier and brokerage file for bankruptcy, and more.
This story involves over $83M in Amazon cargo, attempted murder, kidnapping, firearms, and more.
Plus: Everest merges with Simple Logistics, two charged in a $287K Apple heist, LA port volumes plunge 30%, and more.
Plus: Aurora walks back its driverless launch, Mexico reports 2,000+ cargo thefts in early 2025, a Mississauga trucking company owner is fatally shot, and more.
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