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Part of the ACF rule says fleets can only purchase ZEVs starting in January 2024 and must take ICE trucks out of their fleets by the start of 2025. But the ability to replace an ICE vehicle in a high-priority fleet after Jan. 1 is convoluted. One part of the ACF says that to keep in compliance, a fleet must have “no ICE vehicles added on or ...Nov 20, 2023 · Port of Boston connects the globe, battling back against fraud and liquor logistics – WTT. Now on demand on WHAT THE TRUCK?!? Dooner is joined by Port of Boston’s Lauren Gleason; Highway’s Jordan Graft and A. Duie Pyle’s John Luciani. Judge orders Ray to forfeit more than $42 million and assets that include a 1968 Chevy Camaro. Clarissa Hawes. · Wednesday, November 29, 2023. Former trucking company owner Franklin Ray, 52, of Canton, Michigan, was sentenced to more than 17 years in federal prison for his role in a $40 million Ponzi scheme. (Photo credit: Jim Allen/FreightWaves)A rash of trucking bankruptcies are on the way and it will be Bloodbath 2.0. Trucking has enjoyed the largest number of new entrants in its history over the past two years. New fleet registrations were up to 20,166 last month alone. This is unprecedented. The last peak was in August 2019; there were 9,511 new trucking fleets and that was in the ...

Its petition states the company made around $10.5 million in 2021 and more than $9 million in ’20. The trucking firm’s bankruptcy attorney, Timothy Kingcade, told FreightWaves earlier this week that the brothers’ for-profit CDL school, Soler & Soler CDL School Corp., also headquartered in Miami, is not part of the Chapter 11 proceedings.Six months later, U.S. Xpress was sold to Knight-Swift. Knight-Swift’s stock price has been largely flat to down since the acquisition. It was about $56.70 per share at the time of the deal and closed Friday at $55.75. Disclosure: FreightWaves founder and CEO Craig Fuller had retained ownership of U.S. Xpress shares through his family trust.

Craig Fuller, CEO at FreightWaves Thursday, August 10, 2023. Truck drivers, construction workers and other manual workers are getting a huge pay raise. Get used to it. UPS’ CEO announced that drivers will be making $170,000 a year in pay and benefits by the end of a five-year employment contract.

According to a recent Trucking Alliance survey, 98% of the 62,000 trucks operated by the group’s member carriers use speed limiter technology, they told lawmakers, with maximum speed settings ranging from 61 mph to 70 mph. In addition to safety benefits, members of the coalition point to economic advantages of installing speed limiters on fleets.Freight Industry News & Trends. The Future of Freight is a collaboration between FreightWaves and Convoy to highlight the businesses and individuals who are leading this change. ... USPS is interested in drone operators, Rivian wants people to subscribe to its trucks, and Virgin Atlantic pushes for more air cargo marketshare in …8 min. California has filed its legal arguments opposing the request for a preliminary injunction that would block imposition of independent contractor law AB5 in the state’s trucking sector and was able to cite developments in the sector since the law went into effect last year. Both the California Trucking Association (CTA) and the Owner ...Its petition states the company made around $10.5 million in 2021 and more than $9 million in ’20. The trucking firm’s bankruptcy attorney, Timothy Kingcade, told FreightWaves earlier this week that the brothers’ for-profit CDL school, Soler & Soler CDL School Corp., also headquartered in Miami, is not part of the Chapter 11 proceedings.Nov 15, 2023 · Truckload Freight. Truckload shipping refers to the movement of freight in the amounts necessary to fill an entire semi-truck or intermodal container. This is in contrast to less than truckload (LTL) shipping, where freight from multiple sources is mixed and transported in one truck or shipping container. Trucking industry regulations change ...

The current spot rate (net fuel) is $1.95/mile. On a variable cost-adjusted basis, the trucking spot rates have matched 2019 since May 2022 – $2.16/mile and since have dropped $0.21/mile. It’s likely to get worse. The month of May typically has among the highest rates we’ll see all year, with July and August being some of the weakest months.

Photo: Jim Allen/FreightWaves. Trucking companies, logistics firms and suppliers may be left in a lurch after an Illinois auto parts supplier folded and filed Chapter 7 in early October. JD Norman Industries, headquartered in Addison, Illinois, filed its bankruptcy petition in the U.S. Bankruptcy Court for the Western District of Michigan on ...

Nov 16, 2023 · The global shipping industry is constantly evolving, and the COVID-19 pandemic began a marked shift in how container shipping operates. Disruption caused by the pandemic has forced the industry to expand its capacity and reduce costs to remain profitable. At the peak of the pandemic, containers essentially stopped moving. Driver earnings. A company truck driver in Poland can expect to earn 5000-8000 PLN ($1,200-$1,900 USD) per month. The amount is calculated per kilometer, the average rate being 50 groszy/km (19 US cents per mile). In the US, company truck drivers are paid per mile in the region of 50-60 cents per mile.FreightWaves National Truckload Index (NTI) is a seven-day moving average of spot rates that measures the U.S. for-hire, over-the-road dry van trucking market: …John Gallagher. · Monday, August 29, 2022. Hemp loading onto back of truck. (Photo: 357 Hemp Logistics) Since passage of the 2018 Farm Bill legalizing the cultivation and sale of hemp and its derivatives, a lack of guidance governing how the cargo is transported has been a potential barrier for trucking companies looking to take advantage of ...Craig Fuller is CEO and Founder of FreightWaves, the only freight-focused organization that delivers a complete and comprehensive view of the freight and logistics market. FreightWaves’ news, content, market data, insights, analytics, innovative engagement and risk management tools are unprecedented and unmatched in the industry.WebDriver earnings. A company truck driver in Poland can expect to earn 5000-8000 PLN ($1,200-$1,900 USD) per month. The amount is calculated per kilometer, the average rate being 50 groszy/km (19 US cents per mile). In the US, company truck drivers are paid per mile in the region of 50-60 cents per mile.

The inventory level component fell from an all-time high of 80.18 — anything over 70 is extreme — last January to 54.8 in November, indicating that inventories went from growing at light speed to crawling. While December’s value of 57.3 is still not extreme, it is moving in the wrong direction for many shippers.When it comes to selling your truck, you want to make sure you get the best possible price. But how can you know what your truck is worth? Fortunately, there are a few simple steps you can take to find out how much your truck is worth today...Prior to founding FreightWaves, Fuller was the founder and CEO of TransCard, a fleet payment processor that was sold to US Bank. He also is a trucking industry veteran, having founded and managed the Xpress Direct division of US Xpress Enterprises, the largest provider of on-demand trucking services in North America.The average retail price of diesel ( DTS ), the primary fuel for Class 8 trucks, has increased 16% since the end of July — the largest and fastest increase since October of last year. The rapid jump in fuel costs is masking the fact the trucking market is still deteriorating. Rising diesel prices have propped up truckload spot rates in ...A typical monster truck event like Monster Jam lasts between two and two and a half hours. This also includes an intermission. After the show, there is generally a post-show autograph session.

Although the market was filled with rumors of bankruptcy at Convoy Wednesday morning — not surprising when all loads are summarily canceled — there has been no bankruptcy filing by Convoy, according to a check of public records by FreightWaves. In April 2022, Convoy was valued at $3.8 billion after an investment of $260 million in a Series ...

The FreightWaves (NTI), is a seven-day moving average of spot rates that measures the U.S. for-hire, over-the-road dry van trucking market. NTI is calculated on a composite national aggregated level of the Rate Per Mile for fully enclosed, non-refrigerated, 48- or 53-foot trailers moved by Class 8 tractors. The index is based on eligible spot ...Oct 18, 2023 · Although the market was filled with rumors of bankruptcy at Convoy Wednesday morning — not surprising when all loads are summarily canceled — there has been no bankruptcy filing by Convoy, according to a check of public records by FreightWaves. In April 2022, Convoy was valued at $3.8 billion after an investment of $260 million in a Series ... 7 min. On July 7, Yellow ( NASDAQ: YELL) narrowly avoided bankruptcy for the fifth time since 2009. The potential for collapse is still looming, though. That’s scaring some customers off, according to three brokers and two industry experts interviewed by FreightWaves. Recent notes from investment banks like Bank of America and Stifel have ...WebSpeed limiters. A notice of intent issued this year by FMCSA to propose in 2023 electronic engine devices to set and limit truck speeds have truckers on high alert. The notice of FMCSA’s intent alone generated more than 15,000 responses, and at least that many is expected once the actual proposal is issued.FreightWaves trucking equipment news coverage is your leading source of commercial trucking news and information via freight data. Subscribe now for free. SONAR Demo | ... Looking for additional commercial trucking news? Visit our Trucking News archive. Alan Adler Tuesday, January 10, 2023Nov 27, 2023 · FreightWaves provides award-winning trucking news coverage. Subscribe to your leading source of news for free! Nov 20, 2023 · Port of Boston connects the globe, battling back against fraud and liquor logistics – WTT. Now on demand on WHAT THE TRUCK?!? Dooner is joined by Port of Boston’s Lauren Gleason; Highway’s Jordan Graft and A. Duie Pyle’s John Luciani. Any of these three agencies may create new rules and regulations for general freight trucking throughout the year. In addition, states can also issue their own general freight trucking regulations. View our truckload freight indexes or learn more about the future of truckload freight.Citizens Bank of Sac City, Iowa, has failed, and it appears that its exposure to commercial trucking is the cause. Citizens Bank was a small state-chartered bank. Its loan portfolio was focused on “commercial and industrial loans,” according to Bank Reg Blog. The blog reported on Nov. 3 that the Federal Deposit Insurance Corporation (FDIC ...Truck drivers at Yellow fear the end is coming soon. (Photo: Jim Allen/FreightWaves) From the Great Recession to 2020, Yellow nearly went bankrupt four times. In each episode, the trucking giant was saved — thanks to concessions from lenders, the Teamsters union, the federal government or often all three. As a result, some of Yellow’s ...

Why I believe a freight recession is imminent. Craig Fuller, CEO at FreightWaves. · Thursday, March 31, 2022. Listen to this article. 11 min. Last week, I published an article entitled “ Just 3 years after 2019’s …

FreightWaves trucking equipment news coverage is your leading source of commercial trucking news and information via freight data. Subscribe now for free. SONAR Demo | ... Looking for additional commercial trucking news? Visit our Trucking News archive. Alan Adler Tuesday, January 10, 2023

OEM Trucking. In terms of the trucking industry, original equipment manufacturer (OEM) refers to parts made by the same company that makes the vehicle (as opposed to aftermarket parts, which are produced by different companies and designed to be compatible with as many vehicles as possible). While OEM products may cost more than aftermarket ...Oct 29, 2023 · After bottoming around 7.8% in early July, the intermodal savings index recovered to 9.8% in early October. During J.B. Hunt’s recent earnings call, EVP and President of Intermodal Operations Darren Field stated September had the best volume week ever as volumes improved throughout the quarter. Revenues were down 15% but volume was up 1% year ... If you’re in the market for a used pickup truck, you may be wondering where to start your search. With so many options available, it can be hard to know where to look for the best deals.New truck deliveries pushed used truck prices lower. New truck sales rose 18% to 29,172 compared with 24,716 a year earlier, swamping the 23,581 sold in August, which had been the peak for the year. They also were the highest since data collection began in 1998. Full-year sales rose 14.6% to 254,206 compared with 221,889 in 2021.Nov 29, 2023 · FreightWaves again named one of fastest-growing companies in North America. Chattanooga, Tennessee-based FreightWaves has been named to Deloitte’s Technology Fast 500 list. Read More ». Noi Mahoney Tuesday, November 7, 2023. Get the Latest Freight Market News & Trends. Stay informed with timely updates on freight trends that could impact your business. Our freight market updates are brought to you by FreightWaves SONAR , our high-frequency freight market intelligence platform that provides near real-time trucking, railroad, ocean, and air freight transportation data and actionable intelligence.Prior to founding FreightWaves, Fuller was the founder and CEO of TransCard, a fleet payment processor that was sold to US Bank. He also is a trucking industry veteran, having founded and managed the Xpress Direct division of US Xpress Enterprises, the largest provider of on-demand trucking services in North America.Oct 15, 2023 · Carriers place the economy first. Drivers listed it No. 7. Truck parking was No. 2 for drivers and No. 8 for carriers. Fuel prices were No. 3 for drivers and No. 5 for carriers, the closest to a matching priority.Motor carriers and commercial drivers agreed on just three of 10 critical issues facing the trucking industry. Only 11% of loads are getting rejected right now, way down from 25% at this time last year. (FreightWaves SONAR) Through the end of 2020 and throughout 2021, trucking was “white-hot,” said Amit Mehrotra, managing director of transportation and shipping research at Deutsche Bank.Web

Aurora pushes toward driver-out in 2024. Aurora is the first to name the freight-dense corridor for hub-to-hub operations ahead of planned driver-out commercial freight runs on I-45 as soon as late 2024. It currently operates 75 autonomous runs a week with safety drivers. Terminals for launching and landing autonomous trucks are up and running ...2 days ago · FMCSA’s own statistics red-flags the problem. Of 690,091 interstate freight carriers eligible for an FMCSA safety rating in 2021, 646,777 — roughly 94% — did not have a rating, according to the agency’s most recent annual safety data, published in December 2022. “A system that rates less than 10% of the eligible population is ... Truck dispatchers are responsible for managing the daily operations of trucking companies. They are responsible for coordinating the movement of trucks and drivers, ensuring that shipments are delivered on time and in good condition.Instagram:https://instagram. nvidia stock forecast 2025real estate limited partnershipsmcombest time of day to trade forex Oct 18, 2023 · Trucking Regulation. Trucking regulations are determined by several government agencies in the United States. The Federal Motor Carrier Safety Administration (FMCSA) is the lead agency responsible for trucking laws, regulating and providing safety oversight of commercial motor vehicles (including over 500,000 commercial trucking companies. financial consultant firmsledn.io Todd Maiden. · Wednesday, September 27, 2023. The for-hire trucking cycle could be reaching an inflection point, ACT Research says. (Photo: Jim Allen/FreightWaves) FreightWaves. Trucking sees ‘green shoot’ in August. 4 min. A Wednesday report from ACT Research showed the trucking cycle may be “approaching … renters insurance toggle Aug 21, 2023 · Craig Fuller, CEO at FreightWaves Thursday, August 10, 2023. Truck drivers, construction workers and other manual workers are getting a huge pay raise. Get used to it. UPS’ CEO announced that drivers will be making $170,000 a year in pay and benefits by the end of a five-year employment contract. The 2031 standards under Option 1 would lower truck emissions by 90% compared to current norms, and EPA estimates that NOx emissions from the total fleet of heavy-duty trucks on the road in 2045 would decrease by as much as 60%. Option 2 would achieve less overall NOx emissions reductions than Option 1, according to EPA.The trucking industry is known for its volatility. In the first quarter of 2023 alone, nearly 9,000 trucking authorities shuttered. However, shippers — the parties that use trucking services, such as retailers and manufacturers — seem increasingly fed up with the chaos. While most are slashing how much they’re willing to spend on trucking ...