Plus: LAPD busts a $3.9M cargo theft ring, Nuvocargo and UPS expand in North America, U.S. moves to ease rules for self-driving trucks, Funny Freight Friday, and more.
Funny Freight Friday: Same thing.
The market’s brutal, sure, but for freight agents with the right tools, it’s prime hunting season. Here’s how they’re making it work.
Plus, electric trucks are costing more to operate than anticipated, Peloton claims Flexport cost them millions, and a truck driver passed out after police found cocaine in his cab.
Plus, a tornado devastated a FedEx facility in Michigan, Costco received Tesla Semis, and US-Mexico trade reached $200 billion in Q1.
Plus, we're taking a look at how the freight market has performed in the first three months of 2024.
Plus: one of the funniest emails anyone has ever sent to us. Scroll to the bottom of the newsletter to see it.
Plus: CH Robinson has lost its moat, Werner believes the freight recession is ending despite a challenging Q1, and more.
Plus, Q1 insights from mega carriers, which lanes will heat up during the summer, and a freight meme of the day.
Plus: The US Chamber of Commerce challenges the FTC ruling on banning non-competes, Covenant Logistics' profits plummet, and Tesla postpones Semi production until late 2025.
“The FTC’s final rule to ban noncompetes will ensure Americans have the freedom to pursue a new job, start a new business or bring a new idea to market.”
Plus: Tesla to build an electric semi-truck corridor, FMCSA approves TIA's petition for freight broker training, and Arrive Logistics releases a freight market update.
Despite earlier optimism of a Q1 recovery, new numbers from industry leaders and other key performance indicators have sparked a wave of hesitation.
"The industry is dominated by the largest freight brokerages. Our estimates show the largest 150 freight brokerages account for 70% of the industry’s gross revenues."
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