🎣 Sunny Ahead? Freight Market Outlook
Uber Freight's new program draws scrutiny, ILA negotiations hit a wall, and FMCSA's Operation Protect Your Load takes aim at unlawful freight brokerages.
Despite expectations, Class 8 truck orders remain steady. With all order slots filled, the production for Q4 2023 is anticipated to be strong.
JB Hunt reports an 18% YoY drop in Q2 revenues due to a persistently weak freight market. The company seeks cost-effective strategies.
J.B. Hunt reports Q2 earnings, impacted by weaker demand, with uncertainty around 2023 peak shipping season.
ATA's For-Hire Truck Tonnage Index shows a 0.8% YoY dip in truck tonnage for June, despite a month-to-month rise. Freight market remains in a down cycle.
Exploring 2023 beverage season's impact on freight volumes, consumption trends, inventory management, and carrier challenges. See how beverage consumption shifts are driving the logistics industry.
Trucking firm Big J Express has filed for bankruptcy amid a significant drop in revenue and debt overhang.
Expert suggests trucking downturn may start to improve but warns of a slow recovery until 2024.
The trucking industry's seasonal uplift during produce season falls short this year, exacerbating an ongoing slowdown due to various factors.
Winners * Columbus, OH - Atlanta, GA with a 8.3% rate increase in the last 30 days. * Chicago, IL -
Transfix struggles to raise $50M Series F at 60% reduced valuation, amid weak freight market conditions.
Seedless watermelons are surging ahead in the produce freight industry, with Florida and Georgia seeing the highest volumes. This trend
The global supply chain is recovering with significant improvements in ocean freight shipping, air cargo, trucking, and warehouse capacity, which is easing inflationary pressures.
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