Plus: CargoNet's Thanksgiving theft trends, a robotic system for unloading non-palletized goods lands a $50M investment, trucks stolen in Chicago, and more.
In the latest episode of "The Freight Caviar Podcast", we sit down with Charley Dehoney, CEO & Co-Founder of Upwell. He discusses his early experiences at Worldwide Express and GlobalTranz, and why he believes industry consolidation is on the horizon.
FMCSA releases video for drivers to get back CDLs, Trump names commerce secretary, and more.
In the wake of a three-year pause on student loan repayments, a staggering 25 million Americans, who contribute significantly to the goods economy, are bracing for the reinstatement of an average monthly payment of $393 starting Q3. This looming financial obligation is expected to significantly curtail consumer spending, particularly in the physical goods sector, posing a substantial risk to the overall economy.
This is the biggest risk currently in the goods economy.
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) May 29, 2023
Student debt is the 2nd largest form of consumer debt in the US. 25M Americans were able to pause their $393 avg. payment/mo for the past 3 yrs. It resumes in Q3.
It is going to take consumer spending with it. This demo… https://t.co/C5ImwJq2m2
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.
ACT Research lowers 2025 truck forecasts as inventory hits record levels. FTR reports July Class 8 orders below expectations, signaling market shifts.
We're breaking down the ten van, reefer, and flatbed lanes with the biggest year-over-year spot rate changes in June. Here's what you need to know.
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