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.
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.
FMCSA is developing a test program for wireless, in-motion roadside inspections to improve efficiency, reduce delays, and cut greenhouse gas emissions.
A Brinks-hauled jewelry theft leads to lawsuits and accusations of undervalued goods.
DAT takes action against freight industry fraud with multi-factor authentication, educational resources, and enhanced security measures.
Struggling truckload carrier Yellow Corp. gains a reprieve from lenders, waiving certain financial targets, and giving the company time to navigate challenges from the Teamsters union and bankruptcy threats.
The Biden administration's green energy rules face legal action from state attorneys general, who claim they could severely impact the trucking industry.
Shippers start diverting freight from Yellow Corp. due to concerns over its future, according to a TD Cowen report. What potential impacts will this have on industry?
Major truck and engine manufacturers reach a significant agreement with California regulators over emission rules. This could influence logistics professionals nationwide.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.
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