Amazon just became a direct rival to the biggest names in parcel, freight, and 3PL services. Plus: shippers are paying a lot more, your carrier check may be passing thieves through, a $4M cargo theft recovery shows what's possible, and more.
"I think this is just one more way that you can go about finding quality capacity to better run your operation.”
A 20-year veteran of the freight industry, with 60k TikTok followers, argued that small carriers can't survive without brokers. Plus: the FBI's PSA, Steam Logistics sues two of its own, Ohio Turnpike comes for 315 carriers, and more.
Werner reports hopeful trends despite Q1 challenges, with expectations for seasonal recovery and cost-saving measures.
Werner Enterprises (NASDAQ: WERN) believes the freight recession's end is near. Despite Q1 challenges like inclement weather and insurance costs, it expects seasonal recovery.
However, truckers express skepticism about market recovery, with some saying the reality doesn't match the data.
I see some saying the freight recession is coming to an end but it looks the opposite to me. The last 4 weeks have been the worst for my trucks over the past 5 years. Volumes for refrigerated (contract) freight have been a dumpster fire in my experience.
— JoBangles (@theericredbeard) May 1, 2024
What the “data” says…
Source: FreightWaves | Werner Enterprises
Plus, STG's path out of bankruptcy, Wyoming's "Truck Around and Find Out" operation, what "phantom capacity" means for Mexico lanes, and more in today's newsletter.
Plus, a cabless autonomous truck just raised $24M, non-domiciled CDLs rules need clarifying, CSX posts a 26% profit jump while watching the UP-NS merger closely, and more in today's newsletter.
Here is another round-up of the most engaging and talked-about freight content from around the web and from us.
Plus: AGX Freight suspends operations, Gatik goes fully driverless, Werner buys FirstFleet
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