News from the world of Trucking
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Why Aren’t Airbags Standard Safety Equipment in Class 8 Trucks?
(2024-05-20)
Would you buy a new car without airbags? Since 1998, airbags have been standard safety equipment in passenger cars. And the reason is simple. They save lives. Yet for Class 8 trucks, they are still considered "an option."
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Airfreight rides e-commerce to surprise growth in May
(2024-05-14)
The air cargo market is maintaining momentum despite entering the slow season, thanks to strong demand for e-commerce and e-cigarettes out of China and a mode shift tied to the Suez Canal cutoff. The post Airfreight rides e-commerce to surprise growth in May appeared first on FreightWaves.
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Diesel takes another hit and may be driving down broader oil market
(2024-05-13)
The benchmark diesel price used for most fuel surcharges fell for the fifth straight week. The post Diesel takes another hit and may be driving down broader oil market appeared first on FreightWaves.
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Proxy Firm: Hess Investors Should Abstain on Chevron Vote
(2024-05-13)
Chevron Corp.’s $53 billion deal to acquire Hess Corp. suffered a blow May 13 when a leading shareholder adviser urged investors to abstain from voting for the deal.
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Diesel Price Drops 4.6¢ to Reach $3.848 a Gallon
(2024-05-13)
The national average diesel price dropped for the fifth consecutive week, falling 4.6 cents to reach $3.848 a gallon, according to Energy Information Administration data released May 13.
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GM’s Cruise to Resume Robotaxi Tests in Phoenix This Week
(2024-05-13)
General Motors’ troubled Cruise autonomous vehicle unit said May 13 that it will start testing robotaxis in Arizona this week with human safety drivers on board.
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Visibility platform GoComet: Norfolk-area ports gained most from Baltimore port closure
(2024-05-13)
The port at Norfolk, Virginia, has benefited more than any other port from the closing of the Port of Baltimore after the Francis Scott Key Bridge collapse, according to visibility platform GoComet. The post Visibility platform GoComet: Norfolk-area ports gained most from Baltimore port closure appeared first on FreightWaves.
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Safety, industry image remain top concerns among women: THRC
(2024-05-13)
One in four career-seeking women would consider a job in the trucking and logistics sector, according to Trucking HR Canada’s survey report. Of those women who would consider a career in trucking and […]
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House, Senate lawmakers introduce road-crash victim bill
(2024-05-13)
An eight-year quest by a parent of two truck-crash victims has cleared a major hurdle with legislation introduced to create a victim-advocate position in the federal government. The post House, Senate lawmakers introduce road-crash victim bill appeared first on FreightWaves.
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Ocean carrier cocktail leaving a sour taste in shippers’ mouths
(2024-05-13)
Blank sailings are a major factor in maritime shipping and are increasing after ocean carriers gorged on higher Red Sea rates while they could thanks to added capacity. With capacity now cut, rates are rising again. The post Ocean carrier cocktail leaving a sour taste in shippers’ mouths appeared first on FreightWaves.
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TFI Buys Quebec-Based Truckload Carrier in Fourth 2024 Deal
(2024-05-13)
TFI International acquired Quebec-based specialized truckload carrier Transport MJ Lavoie for an undisclosed sum, its fourth purchase so far in 2024.
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House Republicans Tell Julie Su to Step Down
(2024-05-13)
House Republicans questioned Julie Su’s capacity to serve as acting labor secretary and criticized department rules regarding the status of independent contractors at a May 1 hearing.
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Crossword Puzzle Solution for May 13, 2024
(2024-05-13)
Here's the solution to the crossword puzzle found in the May 13, 2024 print edition.
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Smarter Vehicles Could Mean Big Changes for Traffic Lights
(2024-05-13)
As cars and trucks get smarter and more connected, the humble lights that have controlled the flow of traffic for more than a century could also be on the cusp of a major transformation.
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Trump vows to abolish EV mandates; EVs at diesel prices; Kindness for Truckers – WTT
(2024-05-13)
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Lance Healy; Joost de Vries; Justin Clarke The post Trump vows to abolish EV mandates; EVs at diesel prices; Kindness for Truckers – WTT appeared first on FreightWaves.
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Volkswagen Reported to Eye Traton Stock Sale
(2024-05-13)
Volkswagen AG is exploring the sale of as much as $1.1 billion of stock in Traton SE, taking advantage of the truck maker’s surging price to increase the number of shares available for trading.
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Federal lawsuit claims CSX violated FMLA anti-retaliation provisions
(2024-05-13)
A federal lawsuit alleges CSX inflated the amount of time employees were charged for taking leave under the Family Medical Leave Act, punished workers for taking the leave, and terminated or suspended over 100 employees for allegedly taking FMLA leave fraudulently. The post Federal lawsuit claims CSX violated FMLA anti-retaliation provisions appeared first on FreightWaves.
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Weekly NTI Update: May 13, 2024
(2024-05-13)
The FreightWaves SONAR National Truckload Index (NTI) is a seven-day moving average of freight spot rates that measures the U.S. for-hire, over-the-road dry van trucking market. Historical and daily NTI data is available only through FreightWaves SONAR. The post Weekly NTI Update: May 13, 2024 appeared first on FreightWaves.
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Canada’s labor board delays start of potential CN, CPKC rail strike
(2024-05-13)
Federal officials have pushed back a potential CN and CPKC rail worker strike in order to review whether a work stoppage would jeopardize Canadians’ health and safety. The post Canada’s labor board delays start of potential CN, CPKC rail strike appeared first on FreightWaves.
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Warehouses Look at Ways to Improve Recruitment, Retention
(2024-05-13)
The use of automation in warehouses to streamline efficiencies, already part of the conversation pre-pandemic, has accelerated.
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Global Chips Battle Intensifies With $81B Subsidy Surge
(2024-05-13)
Superpowers led by the U.S. and European Union have funneled $81 billion toward cranking out the next generation of semiconductors, escalating a showdown with China for chip supremacy.
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Borderlands Mexico: Tractor-trailer thefts in Mexico totaled 153 in April
(2024-05-13)
This week in Borderlands: Mexican authorities recorded 153 tractor-trailer thefts in April; BMW begins construction of $860M EV battery plant in Mexico; Port of Beaumont completes $85M roll-on/roll-off dock; Taiwanese automotive supplier opens factory in central Mexico. The post Borderlands Mexico: Tractor-trailer thefts in Mexico totaled 153 in April appeared first on FreightWaves.
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NHTSA Probes Zoox After Two Autonomous SUV Crashes
(2024-05-13)
NHTSA has opened an investigation into Zoox, the autonomous vehicle subsidiary of Amazon.com Inc., after two incidents in which its SUVs suddenly braked and were rear-ended.
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US Class 8 Truck Sales Decline 13% in April
(2024-05-13)
U.S. Class 8 retail sales continued the trend of year-over-year declines by falling 12.9% in April, according to data from Wards Intelligence.
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NEXT Trucking releases expert tools to tackle supply chain complexity
(2024-05-13)
NEXT Trucking recently announced product and program updates as part of its tech stack improvements following its merger with CDL-1000. The post NEXT Trucking releases expert tools to tackle supply chain complexity appeared first on FreightWaves.
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FreightWaves Infographics: One long trip: XPO driver achieves 4M accident-free miles
(2024-05-13)
The post FreightWaves Infographics: One long trip: XPO driver achieves 4M accident-free miles appeared first on FreightWaves.
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Can wireless charging lower cost of EV fleets? Purdue researchers hope so
(2024-05-13)
Purdue University and the Indiana Department of Transportation are creating a roadway capable of wirelessly charging electric vehicles traveling at highway speeds, which researchers hope will lower the costs of electric trucks. The post Can wireless charging lower cost of EV fleets? Purdue researchers hope so appeared first on FreightWaves.
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Driver-facing cams removed from under-21 CDL program | Cocaine found in cotton candy at border
(2024-05-13)
Following a Congressional directive, FMCSA has removed the driver-facing camera and Registered Apprenticeship requirements from...
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Murder charges: Latest in New Orleans staged-accident case
(2024-05-13)
The case has been ongoing with charges and guilty pleas since 2020 for crashes staged with trucks, yet new charges against two...
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Goodyear Q1 Loss Narrows as Restructuring Plan Takes Effect
(2024-05-12)
Losses at tire manufacturer Goodyear narrowed in the first quarter of 2024 due in part to an ongoing restructuring that won positive reviews from analysts.
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Ohio trucking company owner accused of evading $1.2M in taxes
(2024-05-10)
A federal grand jury has indicted an Ohio trucking company owner, alleging the former Department of Defense contractor failed to pay approximately $1.2 million in taxes in a yearslong scheme. The post Ohio trucking company owner accused of evading $1.2M in taxes appeared first on FreightWaves.
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Brittain Ladd brings bare-knuckle comments to The Stockout
(2024-05-10)
Outspoken consultant shares views on India and Starbucks, among other things. The post Brittain Ladd brings bare-knuckle comments to The Stockout appeared first on FreightWaves.
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What would happen to trucking if a solar storm knocked out GPS?
(2024-05-10)
The U.S. is experiencing a powerful solar storm, with the potential to cause serious GPS problems. With the trucking industry’s reliance on technology, the impact to the industry could be significant. The post What would happen to trucking if a solar storm knocked out GPS? appeared first on FreightWaves.
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Minnesota DOT announces $9.6M in funding for freight rail projects
(2024-05-10)
About $10 million in Minnesota Department of Transportation grants will support 11 freight rail projects, making the state more competitive in the global and national economy, officials said. The post Minnesota DOT announces $9.6M in funding for freight rail projects appeared first on FreightWaves.
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M&A Deals Require Intention and Involvement During Process
(2024-05-10)
The joining of trucking companies comes with challenges throughout the merger and acquisition process. The slow-moving procedure was exacerbated during the boom/bust cycle of 2022-23.
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Freight Market Stabilization Bolsters M&A Optimism
(2024-05-10)
As trucking mergers and acquisitions followed the freight market into a down cycle, conditions have stabilized, showing positive signs for the sector going forward.
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Running on Ice: Mother’s Day flower rush
(2024-05-10)
In this edition: The logistics behind the second-biggest day for flowers, new developments in sustainable packaging and the rise of demand for ultracold solutions. The post Running on Ice: Mother’s Day flower rush appeared first on FreightWaves.
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How a cargo theft ring in California is keeping shippers on edge – WTT
(2024-05-10)
Now on demand on WHAT THE TRUCK?!? Dooner and Matt McLelland are joined by Andrew Lockwood; Dushawn Falls; Anthony Slamar The post How a cargo theft ring in California is keeping shippers on edge – WTT appeared first on FreightWaves.
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Cargo theft increased 46% in Q1: CargoNet
(2024-05-10)
Criminal activities impacting the logistics and transportation industry reached new highs in Q1, 2024, according to Verisk’s CargoNet report. This year, the organization documented 925 incidents, a 46% increase compared to the […]
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DTNA invests $43 million in two new Portland facilities
(2024-05-10)
Daimler Truck North America (DTNA) announced it will build a new electric vehicle supply equipment (EVSE) training center and a new engineering facility —two investments at its headquarters complex on […]
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Unraveling the mystery of electric trucks’ residual values
(2024-05-10)
Fleets have practically no idea what electric trucks will be worth when it is time to trade them, one of the reasons for cautious adoption. The post Unraveling the mystery of electric trucks’ residual values appeared first on FreightWaves.
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Canada’s fleets see 67% increase in EV adoption, Geotab finds
(2024-05-10)
There has been a 67% increase in EV adoption among Canadian commercial fleets year-over-year, concluded Geotab’s recent global report on the state of commercial transportation in Q1, 2024. This edition of the […]
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Senate Leaders Endorse Fiscal 2025 Budget Process
(2024-05-10)
Senate Majority Leader Chuck Schumer this month touted the chamber’s evaluation of the White House’s budget request for fiscal 2025.
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New Partnership Brings Renewable Diesel to Southeast US
(2024-05-10)
A new source of renewable diesel is making its way into the southeastern U.S. for commercial operations including trucks operating at the Port of Savannah.
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White Paper: Q2 2024 Carrier Rate Report
(2024-05-10)
FreightWaves’ Carrier Rate Report — presented in partnership with Trimble — provides a review of the previous quarter and a forecast for the coming months. Featuring responses from a carrier survey alongside […] The post White Paper: Q2 2024 Carrier Rate Report appeared first on FreightWaves.
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Owner-op's totally custom 2000 Sterling
(2024-05-10)
Nearly every part on the AT9522 has been replaced with a custom piece either sourced from custom parts shops or built by owner...
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In a tough trucking-business environment, owner-operators must improve efficiency to compete
(2024-05-10)
How did this writer/truck owner get to 10.5 mpg? It's not just through equipment mods. If you're still running your business the...
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FreightWaves Infographics: Florida denied flexibility on CDL skills testing
(2024-05-10)
The post FreightWaves Infographics: Florida denied flexibility on CDL skills testing appeared first on FreightWaves.
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FreightTech Friday: FreightVana debuts fleet payment card; tech earnings in
(2024-05-10)
This week, FreightVana offers a Visa card to its carrier network, SPS Commerce makes an acquisition and we review Symbotic’s Q1 results in the robotics space. The post FreightTech Friday: FreightVana debuts fleet payment card; tech earnings in appeared first on FreightWaves.
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More EBITDA losses at Uber Freight but Ron touts brokerage-TMS integration
(2024-05-10)
EBITDA losses at Uber Freight grew in the first quarter, but its president expressed strength in the company’s business model. The post More EBITDA losses at Uber Freight but Ron touts brokerage-TMS integration appeared first on FreightWaves.
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Cargo theft jumped another 46% to begin 2024
(2024-05-10)
After a year of record highs of recorded cargo theft in 2023, thefts jumped another 46% in the first quarter of 2024 over the...
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BP Keen to Buy Tesla Supercharging Sites for US Expansion
(2024-05-09)
BP Plc’s electric vehicle charging arm is eager to snap up Tesla Inc. supercharging sites across the US — along with the workers behind them — and has pledged $1 billion to expand its network.
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Port of Long Beach CEO Says Cargo Up Eighth Straight Month
(2024-05-09)
Port of Long Beach CEO Mario Cordero said April numbers will show trade flows coming to the U.S. West Coast are continuing to strengthen.
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Forward Air Ends Eventful Q1 With Positive Revenue Growth
(2024-05-09)
Forward Air Corp. ended an eventful first quarter with positive revenue growth but a decline in total earnings, the company reported May 8.
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Radiant Logistics sees sequential quarterly improvement moving forward
(2024-05-09)
Radiant Logistics reported an in-line result for its recent fiscal quarter and said the market has moved off the cycle bottom. The post Radiant Logistics sees sequential quarterly improvement moving forward appeared first on FreightWaves.
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Borderlands Mexico: Coalition urges Biden, Obrador to address border security
(2024-05-09)
A coalition of U.S. and Mexican stakeholders is urging Presidents Joe Biden and Andres Manuel Lopez Obrador to address migrant issues impacting cross-border trade. The post Borderlands Mexico: Coalition urges Biden, Obrador to address border security appeared first on FreightWaves.
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Tornadoes twist freight
(2024-05-09)
Inside the newsletter: tornadoes tear through US and warehouses; Zyn shortages?; more The post Tornadoes twist freight appeared first on FreightWaves.
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NTSB to deliver findings on FedEx-Southwest near miss
(2024-05-09)
The NTSB is now investigating two incidents involving FedEx Boeing 767 cargo jets, one in Texas and the other in Turkey this week when a plane landed on its nose. The post NTSB to deliver findings on FedEx-Southwest near miss appeared first on FreightWaves.
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Peloton: Flexport wrongly charged millions in detention, demurrage fees
(2024-05-09)
Peloton filed a complaint with the Federal Maritime Commission alleging that Flexport’s practices cost the fitness company millions of dollars in unreasonable detention and demurrage charges. The post Peloton: Flexport wrongly charged millions in detention, demurrage fees appeared first on FreightWaves.
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March Used Truck Sales Increase 7% From Last Year
(2024-05-09)
Used Class 8 truck sales in March rose 7.4% compared with the same period the prior year, ACT Research reported. Sales increased to 21,700 units from 20,200 during the 2023 period.
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Activist Investor Wins 3 Norfolk Southern Board Seats
(2024-05-09)
Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted May 9 to elect three of the board members an activist investor nominated.
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Reframing recruitment as a sales process – Taking the Hire Road
(2024-05-09)
Lorus Byers, CEO of Carrier Intelligence, increases truck driver retention rates by targeting drivers who fit individual company culture, whether or not they are actively seeking a job. The post Reframing recruitment as a sales process – Taking the Hire Road appeared first on FreightWaves.
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Cass Information Systems offers working capital solution for shippers, carriers
(2024-05-09)
Amplify by Cass bridges the gap between a shipper’s efficiencies and desire to increase working capital with carriers’ need for timely payment. The post Cass Information Systems offers working capital solution for shippers, carriers appeared first on FreightWaves.
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April Class 8 Truck Orders Increase Year-Over-Year
(2024-05-09)
North American Class 8 truck orders increased year-over-year but fell from the previous month during April, according to ACT Research.
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Two Charged in 2020 Murder of Fellow Staged Accident Scammer
(2024-05-09)
Federal authorities have indicted two individuals in the 2020 murder of Cornelius Garrison, a fellow participant in staged accidents with tractor-trailers who was cooperating with the FBI.