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.
Semi-truck sales are growing, but it's not because business is booming. It's a make-up for time lost during the COVID pandemic. Large truck companies couldn't buy new trucks from 2020 to 2022 due to supply issues and lack of drivers. Now, they're ordering more trucks than usual to replace their old ones and take advantage of more available drivers.
Source: Craig Fuller Twitter
Yes it’s true - new truck orders continue at robust levels, while the freight market collapses - this shouldn’t happen.
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) June 8, 2023
Why is this cycle different?
Mid-sized and large fleets buy their trucks at regular intervals, regardless of the economy. In fact, some increase purchases… https://t.co/um9d1z4lcV
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.
We are currently getting insider information from a freight broker who is dealing with this situation.
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