Plus, a $350K beef fraud sheme, trucker faced 17 deportations prior to deadly crash, Transfix debuts new tech, and more.
True “produce season” in the continental United States lasts from about April to October, with Sun Belt markets dominating April through June and Midwestern markets dominating July through October.
In the latest episode of "The FreightCaviar Podcast", we sit down with Michael Caney, Chief Commercial Officer at Highway. He shares tips on protecting your business against fraud and talks about Highway's newest product.
Publicly trader transportation companies: Ryder, Landstar, and Old Dominion report Q2 2023 earnings.
Ryder System Inc. suffered an $18 million loss in Q2 2023 due to weaker market conditions and a substantial charge associated with its departure from the UK market. Simultaneously, Landstar System Inc. reported a year-over-year decrease in revenue and earnings in the same quarter, with net income dropping to $66.6 million from $112.5 million the previous year. Old Dominion Freight Line's Q2 revenue fell by over 15% YoY, with less-than-truckload (LTL) shipments per day down by 11.5%.
In the past year, despite the downturn in the freight market, Ryder's stock has risen by 28.55%, Landstar's has increased by 29%, and Old Dominion's share prices have impressively surged by 40.6%.
Sources: Transport Topics, Transport Topics, Transport Dive
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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