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The post Daily Infographic: US petroleum product exports set a record high in 2022 appeared first on FreightWaves.
The post Daily Infographic: US petroleum product exports set a record high in 2022 appeared first on FreightWaves.
The Wall Street Journal ran an article on April 26 detailing the load board fraud crisis and the proliferation of double brokering. As the Journal reported, leading load board provider Truckstop found reports of fraud jumped by 400% from the fourth quarter of 2021 to the fourth quarter of 2022, the highest level since the…
When RXO came out with its first-quarter earnings for 2023, its performance was clearly superior to those of its brokerage peers, and it looked like the company might have found the magic sauce to handle a weak freight market. But the latest quarterly report from the stand-alone 3PL had landed with a thud, a declining…
Brake Safety Day, an unannounced inspection conducted by the Commercial Vehicle Safety Alliance, pulled over fewer trucks this year than in 2022 and found a better compliance rate. This year’s brake inspection event was April 19. A year ago it was April 27. In the recently completed inspection for this year, CVSA said it found…
The economy has been declining since the start of the COVID-19 pandemic. Supply Chain Quarterly said that in 2021 “volatility, inflation, and surging demand caused U.S. business logistics costs to increase by 22.4%.” 2022 wasn’t any easier as overall costs, especially maintenance and fuel costs, skyrocketed. In partnership with FreightWaves, Bestpass asked fleets of all sizes across…
All three legs of the diesel market are going through extreme volatility, and it showed up in the weekly benchmark price used for most fuel surcharges. The average weekly retail diesel price for ultra low sulfur diesel (ULSD) posted by the Department of Energy/Energy Information Administration rose 21 cents, to $4.109 a gallon. As large…
On Episode 708 of WHAT THE TRUCK?!?, Dooner is talking about the great freight data debate between FreightWaves and DAT that’s going down at the Future of Supply Chain in Atlanta in June. The loser of the debate will make a $10,000 donation to the charity of the winner’s choice. The freight recession has now…