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The post Daily Infographic: Trucker lingo appeared first on FreightWaves.
A federal grand jury recently indicted two former trucking employees of MH Group, alleging the pair orchestrated an elaborate wire fraud scheme to defraud the Eagle Pass, Texas-based carrier out of approximately $1.4 million. Dina Maldonado Morales, 42, and Laura Ballesteros Haby, 52, both of Eagle Pass, were charged with one count of conspiracy to…
J.B. Hunt kicks off earnings season On Thursday’s analyst call (see Todd Maiden’s earnings writeup here), J.B. Hunt highlighted both improved intermodal volume and pressure on intermodal rates. Intermodal volume exceeded most industry participants’ expectations for a lack of peak season in the fourth quarter of last year. The carrier’s intermodal volumes were up 6.5%…
It has been a year since I wrote “Why I believe a freight recession is imminent.” The article, published on March 31, 2022, stated my case for why I thought the U.S. trucking market was headed for a significant downturn. The information in the article was based on analysis from SONAR, FreightWaves’ high-frequency freight data…
Traffic fatalities appear to be on the rise among large trucks — at least compared to pre-pandemic numbers. According to the Federal Motor Carrier Safety Administration’s Crash Statistics Summary, which reflects data from the Motor Carrier Management Information System, during calendar year 2019, the last year pre-pandemic, there were 5,082 fatalities as a result of…
Canadian railway CN is keeping an eye on the wildfires occurring across several provinces and it is adjusting operations as needed, the railway told FreightWaves Wednesday. According to Natural Resources Canada, opportunities for intense wildfires are high in both eastern and western Canada. Meanwhile, Reuters reported Monday that Canadian officials are bracing for a potentially…
Weak freight market conditions continue placing financial strains on transportation providers, said Phil Yeager, president and CEO of Hub Group Inc. “Market conditions have remained soft … largely due to excess truckload capacity that is yet to exit the industry,” Yeager said during an earnings call with analysts after the market closed on Thursday. Hub…