🎣 Deal At The Docks
The port strike has been averted, and the agreement awaits ratification.
Nikola Corp. delivers a significant number of battery-electric trucks and receives a grant to build hydrogen refueling stations, pushing forward in the zero-emission space.
Knight-Swift Transportation lowers operating performance forecast due to persistently soft demand in the full truckload market.
Knight-Swift boosts assets with the $808m acquisition of U.S. Xpress, poised to reshape the logistics industry landscape and market dynamics.
Tennessee truck accident results in two fatalities and driver's arrest on charges of criminally negligent homicide.
Uber Freight report unveils the trucking industry might be driving double the estimated empty miles, pointing to the need for better load visibility and optimal routing.
Over 60 small trucking companies face significant debt as Transplus Freight files for bankruptcy, highlighting the challenging dynamics within the logistics sector.
Trucking company Yellow faces bankruptcy following financial struggles and a dispute with its union, raising concerns about pandemic relief loan management.
Truck prices have seen a significant drop recently, with three-year-old trucks losing an average of $10,000 in May alone.
Traxion expands its US footprint with a $10 million acquisition of BBA Logistics, setting sights on more opportunities in the US market.
Less-than-truckload carrier, Yellow Corp., has filed a $137 million lawsuit against the Teamsters union amid a severe financial crisis.
Despite the deflationary inflection point in Q1 2023, Pickett Research forecasts a shift towards inflation in the TL rate cycle by Q4 2023.
Despite the rise in US manufacturing spending, the expected impact on trucking freight volumes may not be as significant due to industry specifics.
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