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Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
US Postal Service data has revealed interesting patterns about people migrating from larger US cities to smaller ones during the first five months of 2023. Major metropolises such as Miami, Houston, and Austin have witnessed an outflow of residents, while smaller areas on the outskirts are attracting a growing number of inhabitants. Factors driving this shift include affordable housing and the rise of remote work that enables people to live further from city centers.
Source: Business Insider
The U.S. cities the most people have moved out of since Jan 2023 according to USPS:
— Alex Friedman 🤠(@heyalexfriedman) July 30, 2023
7. Dallas, TX
6. Miami
5. Austin, TX
4. New York City
3. Los Angeles
2. Chicago
1. Houston, TX
🤔
LA and NY seem obvious due to a higher population than the other cities. Interesting to see so…
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.
Morgan Stanley's latest TLQURE model forecasts significant increases in truckload spot rates over the next year. What does this mean for the industry?
Southeastern carriers are rejecting loads at the highest rate since July 2022, breaking a two-year trend of low volatility and loose capacity.
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