Trucking companies are under close scrutiny, as the transportation sector contributes heavily to CO2 emissions, with trucks accounting for much of the growth in emissions from heavy-duty vehicles over recent decades.
Plus: Top 8 turkey producing states, cartel's trucking drug network uncovered, Macy's exposes $154M delivery expense fraud, and more.
Epay Manager’s F3 2024 rapid-fire demo showcased seamless TMS integration, AI-powered invoicing, and dispute resolution, helping freight brokers streamline workflows, save time, and improve cash flow. Watch the full demo now!
Non-FedEx shippers may find it challenging to secure services if a strike occurs at UPS, warns a Shipware LLC consultant.
Despite expectations, Class 8 truck orders remain steady. With all order slots filled, the production for Q4 2023 is anticipated to be strong.
UPS and Teamsters gear up to resume negotiations for a new labor contract. Talks focus on industry-leading pay and benefits for unionized workers.
Yellow Corp. accuses Teamsters of causing its financial crisis, leading to benefit payment deferment and potential labor strike threats.
JB Hunt reports an 18% YoY drop in Q2 revenues due to a persistently weak freight market. The company seeks cost-effective strategies.
Phoenix sets a new high-temperature record, with persistent heatwaves.
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.
Yellow Corp. defers contributions, risking a Teamsters strike. The move is an attempt to conserve liquidity while securing additional financing.
Yellow Corp has failed to meet health and welfare and pension fund contributions of over $50M, potentially triggering a strike. Source: FreightWaves.
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.
Electric truck adoption faces challenges due to the lack of charging infrastructure and potential strain on the grid, highlighting the need for faster infrastructure development.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
