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.
Descartes’ report reveals U.S. container imports for July 2023 increased from June, aligning with pre-pandemic seasonal trends.
Descartes Systems Group, a leader in logistics, has unveiled its August Global Shipping Report. According to the report, U.S. container imports for July 2023 saw a 5.1% increase compared to June, reaching 2,187,810 twenty-foot equivalent units (TEUs). While these figures indicate a 13.6% decline from July 2022, they closely match the pre-pandemic rates of July 2019. The growth for the initial seven months of 2023 stays within a 1.7% range of the same period in 2019. EVP Chris Jones of Descartes highlighted that this growth aligns with typical pre-pandemic peak season patterns.
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.
The freight market recovery is still stuck in neutral, so what are brokers doing instead? 76% are betting on tech, automation, and efficiency to stay ahead in 2025.
Freight markets show slow recovery signs, but challenges persist. Dive into the latest tonnage, load-to-truck ratios, and order data shaping the trucking industry.
Fed Chair Jerome Powell hints at imminent interest rate cuts to support the labor market. Markets react positively as September meeting looms.
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).
