Tag: trucking

April 19, 2024

In his quarterly note to shareholders, Triumph Financial CEO Aaron Graft predicted that the headline on the earnings might be “TriumphPay swung to a loss this quarter” — one quarter after that growth segment at the trucking-focused bank had become […]

February 13, 2024

The owner of an Ohio trucking company pleaded guilty in federal court to wire fraud, admitting his role in a scheme to overbill shippers and consolidate shipments headed for Amazon warehouses and Bath & Body Works stores. The fraud cost […]

February 13, 2024

In 2020, 2021 and 2022, it seemed like every day brought an announcement of a new merger or acquisition. That made sense given that it was insanely cheap to get capital and there was more than enough to go around. […]

January 26, 2024

Several labor regulations in various stages of development could have wide-ranging effects on the trucking industry this year. Trucking executives will be focused on the regulatory rules, which are poised to go into effect alongside a separate slate of equipment […]

December 29, 2023

Trucking M&A was tepid again in 2023 as freight demand slowed. Interest rates stepped higher, which proved a hindrance to deal financing, and tightened credit markets were met by still lofty valuation expectations from sellers. Through the first week of […]

December 28, 2023

While election-year politics may gridlock Congress from passing meaningful truck-related legislation in 2024, the potential for a change in administrations could be a catalyst for finalizing two regulations that have major cost and operational implications for the industry. Proposed rules […]

December 14, 2023

While pay increases are slowing, wages are still rising. Driver pay has grown 1.5% over the last four quarters, compared to gains of over 10% in 2021 and over 5% in 2022, NTI found. “Throughout the year, despite hiring needs […]

December 12, 2023

API integrations are crucial for trucking telematics companies. They enable seamless communication among various systems, improve operational efficiency and accurate monitoring of fleet activities, and provide the ability to integrate with other industry-specific tools, enhancing overall fleet management capabilities. For […]

December 1, 2023

Major trucking companies and brokers who book their freight are pressuring the Federal Motor Carrier Safety Administration to attach a safety rating to carriers operating without such a rating — a situation that exists for over 90% of the freight […]

November 28, 2023

Used truck prices fell about 4% a month in the first 10 months of the year. But the rapid rate of depreciation might be coming to an end. “The past three months’ less-than-expected declines present mounting evidence of pricing stability,” […]

November 14, 2023

Trucking executives are ready for a market turnaround. During Q3 earnings calls, C-suite leaders provided some optimism that the freight cycle could turn this quarter or early next year. Addressing investors and answering analyst questions, executives with Ryder System, Schneider […]

November 10, 2023

Lior Ron is a fan of autonomous trucking. You might even say the founder and CEO of Uber Freight loves the idea of driverless trucks. But as the late Tina Turner asked, “What’s love go to do with it?” The […]

October 25, 2023

Congestion cost trucking companies a record $94.6 billion in 2021, according to a new study published by the American Transportation Research Institute, with Nevada, Louisiana, Georgia and California seeing the biggest rate increases from a 2016 baseline. “Whether it is […]

September 15, 2023

New Jersey-based Accurate Transport, a regional transportation and logistics company, recently announced that its new terminal hub in Houston began full operation on Aug. 28. “We are thrilled to open our most advanced terminal hub yet, right here in Houston,” […]

August 31, 2023

High detention times have plagued the industry for years. The impact that wait times have on carriers and drivers – including lost time, money and safety – are well documented. Shippers, however, continue to have misconceptions about wait times and […]

August 23, 2023

Some freight carriers are forecasting a range of modest or moderate market improvements this peak season. Others have projected an upturn could come in 2024. J.B. Hunt’s potential for improvement rests on consumer behavior, and the company has a mixed […]

July 27, 2023

Legislation meant to promote highway safety by setting federal standards that further determine a carrier’s competence, was recently introduced in the U.S. Senate. Republican Sens. Deb Fischer of Nebraska and Mike Crapo of Idaho, sponsors of the Motor Carrier Safety […]

July 13, 2023

Freight stakeholders are calling on congressional policymakers to further facilitate access to military bases and installations. The groups, representing trucking as well as moving and storage companies, point to a provision tucked in the annual defense policy bill. The legislation […]

June 27, 2023

Many of the major players in the trucking industry say they generally are supporters of the goals of the U.S. Environmental Protection Agency’s aggressive Phase 3 proposed rule, but they have concerns that the phase-in is moving too fast. EPA’s […]

May 26, 2023

Peace Equipment LLC, a company headquartered in Edcouch, Texas, filed for Chapter 11 bankruptcy protection this week, citing rising operating costs and “reduced income in the trucking industry.” The company also noted merchant cash advances as being a contributing factor […]