Truck Parking Club hits major milestone with 1,000 property locations across 46 states, providing 24,000 parking spaces for truckers nationwide. CEO Evan Shelley shares the company's journey and ambitious plans for expansion.
According to a U.S. Bank index, Northeast regional shipments have plummeted by 27% in Q2 YoY. This figure is even more staggering compared to the 25% drop during Q2 of 2020, at the onset of the COVID-19 pandemic. Key data points reveal:
Significant decline in housing starts and household consumption
Shipments declines: West (nearly 16%), Midwest (9%), Southeast (nearly 13%)
Southwest: Increase of nearly 15% in shipments in Q2 YoY
The report attributes the decline in the Northeast to weaker demand for consumer goods and a slowdown in manufacturing. The Southwest, however, defies the trend, largely thanks to robust cross-border truck traffic with Mexico.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
Container rates hit new highs, causing shipper worry. With tender rejections in LA hitting 2-year highs, FreightWaves' Craig Fuller is "bullish" on 2H recovery.
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