🎣 Nikola’s Final Charge
Plus, Standard Forwarding's big rebrand, J.B. Hunt focuses on intermodal mix amid muted market, DOT ends NY congestion tolls, and more.
Transfix struggles to raise $50M Series F at 60% reduced valuation, amid weak freight market conditions.
Redwood Logistics expands customer base and geographical reach with acquisition of Rockfarm Supply Chain Solutions.
Convoy adjusts staffing levels in response to market conditions, underscoring the challenges and resilience in the logistics sector.
Over 60 small trucking companies face significant debt as Transplus Freight files for bankruptcy, highlighting the challenging dynamics within the logistics sector.
Traxion expands its US footprint with a $10 million acquisition of BBA Logistics, setting sights on more opportunities in the US market.
Digital freight platform Convoy reduces staff and witnesses co-founder Grant Goodale's resignation, as the company adjusts to industry shifts.
Kodiak Robotics and Loadsmith are partnering to deploy 800 self-driving trucks, creating an autonomous freight network with delivery set for late 2025.
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
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In an attempt to reduce costs, USPS adoption of freight brokers has led to increased highway risks and loosened mail protection, according to a Wall Street Journal investigation.
Signs point to the trucking industry nearing the end of the current freight recession, with trucking revenue still high despite reduced demand. A market turnaround, however, is yet to be seen.
New FMCSA guidelines aim to clarify the roles and responsibilities of brokers, dispatchers, and agents in the trucking industry, helping to expose and curb illegal broker activities.
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