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The updated Navistar International LT arrives next July with up to 15% better fuel efficiency than the first generation of the current engine. (Photo: Alan Adler/FreightWaves) LAS VEGAS — Navistar Inc.’s S13 integrated powertrain for its on-highway trucks is the manufacturer’s last new internal combustion engine.Moving can be a stressful experience, but it doesn’t have to be. With the right preparation and planning, you can make your move as smooth and hassle-free as possible. Here is a guide to help you prepare for your move with 2 Men and a Truck...Class 8 truck orders hit their highest level in six months in August. (Photo: Jim Allen/FreightWaves) Preliminary net Class 8 truck orders reached 19,000 units in August, 9% below a year ago. But they were the highest in six months. Bookings should begin to rise in September as the 2024 order season accelerates.Family-owned Art Mulder & Sons ceased operations in November. An online auction is slated for Tuesday to sell the assets of family-owned Art Mulder & Sons Trucking (AMST) of Holland, Michigan. The move comes two months after the refrigerated less-than-truckload (LTL) carrier ceased operations in late November after more than 50 years.

Digital freight brokerage Surge Transportation filed for bankruptcy on July 24, as FreightWaves’ Hampstead first reported the following day. 2023 was a more severe …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 ...In spite of increasing volume since the start of 2023, truckload spot rates (net of fuel) dropped from $2.02 per mile on Jan. 9 to $1.82 per mile on Jan. 25. While this is certainly above the lowest rate in the current cycle ($1.67 per mile on Nov. 17, 2022), the downward trend isn’t instilling hope for truckload carriers that the market has ...Web

FMCSA granted the trucking company’s operating authority in September 2019. Navarro Trucking Group filed its petition in the U.S. Bankruptcy Court for the Central District of California on Oct. 13. In the filing, Navarro, which also hauled refrigerated food and fresh produce, lists assets of $500,000 to $1 million and liabilities up to $10 ...Web4 min. Morgan Stanley trimmed estimates Thursday ahead of earnings season. The firm sees the second quarter of 2023 as the point of “peak pain” for trucking companies and likely the bottom of the cycle. “The quarter began with most companies reporting on 1Q calls that there was virtually no spring seasonal pickup and while this improved ...Web

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.FreightWaves. Trucking bloodbath snares fleets large and small. 9 min. America’s $875 billion trucking industry is struggling. The number of authorized interstate trucking fleets in the U.S. declined by nearly 9,000 in the first quarter of 2023, according to federal data analyzed by Motive, a fleet management technology company.WebFMCSA’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 ...WebTrucking demand is softening. (Photo: Jim Allen/FreightWaves) Trucking demand is “near freight recession levels,” according to Bank of America. Shippers’ outlook on rates, capacity and inventory levels are matching attitudes not seen since May and June 2020, when pandemic lockdowns sent freight volumes into a historic decline. In a Friday ...

It rose to nearly 1.1 billion euros from 592 million euros in the same quarter last year. Daimler said its lower deliveries — 128,861 units compared to 134,972 in Q3 2022 — were due to supplier bottlenecks. Supply disruptions have vexed all truck makers for more than two years. Most indications are the problems are easing.

The updated Navistar International LT arrives next July with up to 15% better fuel efficiency than the first generation of the current engine. (Photo: Alan Adler/FreightWaves) LAS VEGAS — Navistar Inc.’s S13 integrated powertrain for its on-highway trucks is the manufacturer’s last new internal combustion engine.

Trucking industry undergoing ‘bust’ cycle in post-Covid economy, says FreightWaves’ Craig Fuller. Craig Fuller, Freightwaves founder and CEO, joins ‘The …If you’re interested in becoming a truck dispatcher but don’t have the resources to attend a traditional classroom setting, an online course may be the perfect option for you. Before we dive into the online course options, it’s important to...Oct 13, 2023 · Last-Mile Delivery. Final mile (also called “last mile”) is a term used to refer to the last leg of a delivery route (it is not a mode of transportation). Businesses can define last mile in different ways, depending on what is most relevant to their business and their customers’ expectations. Final mile delivery falls into two categories ... 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 length of a pickup truck varies by style and manufacturer, but a typical traditional pickup is about 17 feet long, according to GMC. Both cabs and boxes come in longer and shorter sizes.Nov 29, 2023 · Trucking and logistics companies are seeing a massive downturn. FreightWaves has reported on the biggest shutdowns and layoffs since 2022. 4 min. In a surprise move, transportation firm ArcBest Corp. announced on Wednesday a reorganization that included the abrupt departures of the founder and CEO of MoLo Solutions Inc., a 6-year-old truckload brokerage business that ArcBest acquired in November 2021 for an upfront $235 million cash payment and an earn-out figure that …

Jul 18, 2023 · 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 ... 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.Clarissa has covered all aspects of the trucking industry for 14 years. She is an award-winning journalist known for her investigative and business reporting. Before joining FreightWaves, she wrote for Land Line Magazine and Trucks.com. If you have a news tip or story idea, send her an email to [email protected].Based in Chattanooga TN, Thomas is an Enterprise Trucking Carrier Expert at FreightWaves with a focus on news commentary, analysis and trucking insights. Before that, he worked at a digital trucking startup aifleet, Arrive Logistics as an Account Executive, and 5 years at U.S. Xpress Enterprises Inc. with an emphasis on fleet …WebThey were arraigned Friday. The trio are accused of fraudulently obtaining immigration permits to hire undocumented migrants to work for their firm, Gonmor Inc., a Laredo-based commercial trucking company. Gonmor Inc., founded in 2015, operates 27 trucks and employs 38 drivers, according to the Federal Motor Carrier Safety …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. Here you’ll find stories about supply chain professionals who are modernizing their operations, the technologies enabling the change, and best practices …

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.

Data from FreightWaves SONAR presented during the webinar showed that the net reduction in the number of approved authorities has been relatively muted given the weakness of the market. The market is not ready to bounce back, Fuller said. “This is the reason the carriers feel the way they do.In under a year he helped build FreightCasts, the world’s largest logistics and supply chain podcast network in media. WTT is ranked in Apple Podcasts top-20 Business News podcasts. He also writes a newsletter of the same title with over 15k subscribers in the supply chain and trucking niche. Dooner has been in freight since 2005 and has held ...4 min. Nikola Corp. is asking dealers and customers to return battery-electric trucks under recall for possible battery fires to its Coolidge, Arizona plant despite the company still working on a fix. “We’re bringing them back to Coolidge for repairs to be made instead of in the field,” spokesman Dan Passe told FreightWaves in an email ...5 min. Truckload carriers and 3PLs have seen little change in demand halfway through the fourth quarter, and some are pointing deeper into 2024 before the market corrects. The comments came from heads of some of the largest publicly traded TL providers at Stephens 25th Annual Investment Conference in Nashville, Tennessee, on …Workers have also been unable to plant crops like tomatoes, one expert from the University of California’s farming extension center told FreightWaves. That’s bad news for the trucking industry. Truckers …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.WebNew 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.

Ex-Celadon executives Eric Meek and Bobby Lee Peavler had been indicted on nine counts of fraud for an alleged accounting scheme. (Photo: Jim Allen/FreightWaves) The Securities and Exchange Commission has agreed to settle an accounting fraud case against two former Celadon Group Inc. executives accused of engaging in a scheme to hide millions ...

Trucking company to pay $7.7 million in case of wheel coming loose, striking vehicle. Digital freight platform Convoy announces 2nd round of layoffs since June. FreightWaves Mid Continent Trucking Trucking. Family-owned Mid Continent Trucking of Denison, Iowa, notified drivers and employees recently that after 24 years, the refrigerated carrier ...

Daimler Truck North America CEO John O’Leary sees a strong market for Class 8 trucks in 2023. (Photos: Daimler Truck North America) After a record 53,000 September orders, new bookings slowed …Jan 29, 2023 · In spite of increasing volume since the start of 2023, truckload spot rates (net of fuel) dropped from $2.02 per mile on Jan. 9 to $1.82 per mile on Jan. 25. While this is certainly above the lowest rate in the current cycle ($1.67 per mile on Nov. 17, 2022), the downward trend isn’t instilling hope for truckload carriers that the market has ... The California Trucking Association (CTA) lawsuit that dates back to 2019, which resulted in an injunction that kept AB5 at bay in trucking for 2 1/2 years until the U.S. Supreme Court declined to review a lower court ruling against the injunction, faced a deadline Wednesday for filing additional briefs. Those briefs were to be filed by the ...Digital freight brokerage Surge Transportation filed for bankruptcy on July 24, as FreightWaves’ Hampstead first reported the following day. 2023 was a more severe …PGT Trucking is on a mission to go green. What solutions is it pioneering? TForce Worldwide visits us like the ghost of Christmases past and takes a look at a year of market volatility. Plus, this week’s good news and bad news concerning earthquake-proof beds, dumbass drivers, Lulu Lemon's over supply, and Christmas lights on trucks.In under a year he helped build FreightCasts, the world’s largest logistics and supply chain podcast network in media. WTT is ranked in Apple Podcasts top-20 Business News podcasts. He also writes a newsletter of the same title with over 15k subscribers in the supply chain and trucking niche. Dooner has been in freight since 2005 and has held ...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, 2023Clarissa has covered all aspects of the trucking industry for 14 years. She is an award-winning journalist known for her investigative and business reporting. Before joining FreightWaves, she wrote for Land Line Magazine and Trucks.com. If you have a news tip or story idea, send her an email to [email protected].STG Logistics’ acquisition of Best Dedicated Solutions will add expedited, dry van, temperature-controlled and flatbed OTR transportation to STG’s existing services. ... Read the latest logistics news and insights from FreightWaves covering multi-modal transportation. Award winning news coverage at your fingertips.Jun 15, 2023 · A Yellow truck leaving a terminal in Houston, Texas. (Jim Allen/FreightWaves) Abdul Jaludi knows his job as a driver at Yellow Corp., one of the largest trucking fleets in the United States, is better than most trucking gigs. He’s home most nights, gets paid vacation and sick leave, and “doesn’t pay a penny” for his medical benefits.

Investors are still awaiting news of Yellow's fate. (Photo: Jim Allen/FreightWaves) A class-action suit filed Tuesday against Yellow Corp. said the company failed to provide a required 60 days’ layoff notice to its 30,000 employees. The complaint was filed on behalf of California dockworker and union steward Armando …Correll told lawmakers that based on his research team’s analysis of trucker ELDs, he estimated that American long-haul, full-truckload drivers spend an average of 6.5 hours of their maximum 11-hour federally regulated working day driving their trucks. “This implies that 40% of America’s trucking capacity is left on the table every day ...Oct 13, 2023 · Last-Mile Delivery. Final mile (also called “last mile”) is a term used to refer to the last leg of a delivery route (it is not a mode of transportation). Businesses can define last mile in different ways, depending on what is most relevant to their business and their customers’ expectations. Final mile delivery falls into two categories ... Here are some of the small trucking companies that went bankrupt this year: Freon Logistics, 10 drivers. Navarro Trucking Group, 15 drivers. JCB Trucking Enterprises, 16 drivers. McClellan Trucking and Duran Transfer, 21 drivers. Elite Transportation, 25 drivers. Rooney Trucking, 37 drivers.Instagram:https://instagram. stock dipsbest medical insurance in arizonasofi stock buy or sellnyse ai compare Stay up to date on your No. 1 source for the latest logistics, freight and transportation news from FreightWaves, your award-winning source for … tgbfbs tock Workers have also been unable to plant crops like tomatoes, one expert from the University of California’s farming extension center told FreightWaves. That’s bad news for the trucking industry. Truckers … stock price path The latest FreightWaves SONAR release gives users the ability to customize outputs based on rate per mile versus flat rates and to quickly retrieve 90-day moving averages for contract rates. ... Slowdown in grocery inflation may be good news for trucking companies Food brands are cooling it on price hikes. That means trucking companies …2 min. Yellow’s senior vice president of sales informed her staff on Wednesday that their last day would be Friday and the less-than-truckload carrier will file bankruptcy on Monday, according to three employees who attended the video call. Yellow ( NASDAQ: YELL) is the third-largest LTL company and employs some 30,000 workers, including ...