Here’s a quick recap of an unexpectedly amazing forum spotlighting Central Asian trucking companies in the U.S. Plus, we met Strong Solo Sergey in real life.
From West Coast wins to Gulf Coast fog delays, the country’s top gateways are telling very different stories.
OTR Solutions launches OTR365 Ecosystem and OTRintelligence, combining AI-powered automation with 24/7 instant funding to transform freight factoring for carriers and brokers.
FTR forecasts a positive turn for dry van and reefer spot rates despite an industry-wide loss of capacity and concerns over economic inflation.
FTR Transportation Intelligence predicts that the downward trend of spot rates for dry van haulers could be nearing its end, with modest gains projected through the year's end. FTR Trucking Vice President Avery Vise stated that the freight outlook is set for slow-growth, but it could be the bottom for dry van and reefer rates in the spot market. Vise also shared that the trucking industry is losing capacity as various entities are seeing a loss of authority at an accelerating rate.
Inflation and Its Impact on the Freight Industry
Despite the moderate economic inflation, the freight industry continues to grapple with higher costs. Avery Vise noted the potential for further interest-rate increases from the Federal Reserve due to persistent services inflation. He also addressed concerns about the drop in personal savings rates, which could signal future economic difficulties. However, Vise stated that the high levels of household reserves could mean the continuation of current consumption rates, offering some stability to the industry.
Source: Overdrive
Today we sat down with Karolina Plecha, a truck driver living in Norway. She shares insights on life on the road, the future of electric vehicles, and what she does to prepare for unpredictable weather conditions.
Is this trucker a criminal or just a hustler trying to stay in the game? It depends on how you look at it.
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
CtrlChain carriers cut admin time by 95%, process paperwork 80% faster, and get paid 4x quicker. See what’s new in 2024—and what’s coming next in 2025!
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