Inside: FedEx's market triumph, the controversy at Yellow Corp, Waabi and Uber Freight's decade deal, and the hammer comes down on PPP loan-scamming trucker.
As 2023 seasonal hiring gets underway, some retailers are cutting back on workers while others are hiring more.
Analysis of TuSimple's challenges in the autonomous trucking industry and FedEx's impressive financial performance surpassing expectations.
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
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Molson Coors, recognized as 2023's Shipper of Choice, excels in supply chain management, shipping 13M barrels of beverages annually.
Tornado damages Pfizer plant in North Carolina, affecting 50,000 pallets of medication and potentially impacting nationwide supply.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.
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