🎣 Final F3 Recap
FMCSA releases video for drivers to get back CDLs, Trump names commerce secretary, and more.
Plus, a company raises $200M to put self-driving trucks on the road, Forward Air fires 150 employees, and this mega carrier CEO believes the freight market is normalizing.
Leathers highlighted that inventory levels have normalized, allowing retailers to enter a replenishment cycle not seen in years.
Freight carrier Forward Air cuts 150 employees across sales, tech and C-suite after debt-laden Omni Logistics acquisition.
Waabi pioneering generative AI for self-driving trucks, raises $200M to commercially launch fully driverless trucks on roads in 2025.
In an uncertain economy, transportation and logistics businesses reduce costs with Stealth Monitoring's live video monitoring, combining AI, machine learning, and human intelligence for proactive security solutions.
Plus, training software that helped scale Nolan Transportation Group raises $30 million; fees are increasing for brokers and carriers; and PepsiCo triples the size of its electric fleet.
From PepsiCo to Amazon, big businesses are rapidly electrifying delivery vehicles and private fleets to reduce emissions.
Trucking faces 25% UCR fee hikes in 2025 and rising phishing scams.
Learn to Win raises $30M to revamp enterprise training with AI-driven solutions, already impacting the U.S. Navy and top freight firms.
Also: does a decline in trucking employment suggest an economic recession?
According to a chart from Game of Trades, trucking employment is declining sharply, a pattern that historically precedes recessions.
East Coast port strike looms while LA imports fall slightly. But bigger storm brewing as ocean freight rates could hit $20,000 per container.
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