In the latest episode of "The Freight Caviar Podcast", we sit down with several young and talented individuals who gave us an inside look at the Serbian logistics market and the benefits of outsourcing.
Plus: A court ruling shields brokers from liability, a $22M cocaine bust on I-40, and Aurora’s fight with FMCSA over safety tech.
The port strike has been averted, and the agreement awaits ratification.
Werner Enterprises' CEO Derek Leathers believes the worst of the freight downcycle is over, despite ongoing challenges and volatile fuel costs.
After a challenging period for Werner Enterprises, Chairman and CEO Derek Leathers optimistically predicts that the worst of the freight downcycle may be behind. Leathers provides insights:
Leathers acknowledges the endurance of smaller carriers and mentions Werner’s cost-saving initiatives of over $40 million, a significant portion of which have already been enacted. As the market recovers, Leathers assures that Werner will remember which shippers honored their agreements during tough times.
Source: FreightWaves
The consensus has the freight market around its bottom, so the only place to go is up. But the July Cass Freight Index suggests the climb isn't happening yet, with shipments -8.9%, truckload -12.7%, inferred rates -17% & expenditures -24.4% from last year https://t.co/U0GGI116XY pic.twitter.com/OFhLU4RITy
— InTek Logistics (@InTekLogistics) August 14, 2023
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.
ACT Research lowers 2025 truck forecasts as inventory hits record levels. FTR reports July Class 8 orders below expectations, signaling market shifts.
We're breaking down the ten van, reefer, and flatbed lanes with the biggest year-over-year spot rate changes in June. Here's what you need to know.
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