DAT faces criticism over contract terms. Plus, DAT acquires Trucker Tools, RBX declares bankruptcy, and Cargado hits $1M milestone.
Andy created Trucking Tower Leads to solve a problem he faced firsthand: reaching the right decision-makers at trucking companies.
In the latest episode of "The Freight Caviar Podcast", we sit down with Andy Hedrick, CEO of Green Path Tech. He shares insights on how your business can be more sustainable, and talks about their fuel-saving technology.
Q2 results for TFI and Heartland Express show weaker financial performance, but both firms eye potential future operational improvements.
Canadian transport firm, TFI International, reported a Q2 revenue, including fuel surcharges, of $1.79 billion, a noticeable drop from the $2.42 billion in Q2 of 2022. Concurrently, Heartland Express also reported lower-than-expected Q2 earnings. Key numbers for both companies include:
Despite these challenges, both companies expect future improvements and increased freight demand.
Sources: FreightWaves and FreightWaves
Freight markets show slow recovery signs, but challenges persist. Dive into the latest tonnage, load-to-truck ratios, and order data shaping the trucking industry.
Fed Chair Jerome Powell hints at imminent interest rate cuts to support the labor market. Markets react positively as September meeting looms.
The European unit could potentially fetch around $2 billion, based on industry estimates.
ACT Research lowers 2025 truck forecasts as inventory hits record levels. FTR reports July Class 8 orders below expectations, signaling market shifts.
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