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.
Expert suggests trucking downturn may start to improve but warns of a slow recovery until 2024.
Jason Miller, a supply chain professor, suggests that the trucking industry's current downturn, might be starting to improve, based on data from May 2023. Despite a slight increase in the amount of goods moved that month, Miller warns that the industry isn't out of the woods yet, as the total volume of goods moved is still down 1.3% from a year ago. He predicts that the situation won't improve significantly until 2024. In the meantime, he expects the financial performance of trucking companies for the second quarter of 2023 to be poor, but sees potential for improvement in the third quarter of 2023.
Source: Jason Miller LinkedIn
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.
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