More layoffs ahead for freight-related companies across US

Layoffs continue across the freight and logistics industry, with companies in California, Georgia, Illinois, New York and Texas announcing job reductions and facility closures in recent weeks. It is the third round of layoffs in the industry since the beginning of July. Geodis Geodis, a global freight transport and logistics operator, recently announced facilities closing…

Tow truck operators blame lack of insurance in price-gouging debate

WASHINGTON — Tow truck operators, fighting allegations of rampant price gouging against trucking companies, say insurance companies should take some of the blame for spiraling costs. The issue of alleged price gouging of motor carriers by unscrupulous towing operators was raised in a Federal Trade Commission proposed rulemaking last year, in which the FTC recommends…

Will stock market sell-off kill freight recovery; best lanes to run now | WHAT THE TRUCK?!?

On Episode 742 of WHAT THE TRUCK?!?, Dooner is looking at the impact that global unrest and a tanking stock market are having on rates. FreightWaves’ Kyle Taylor breaks down the data and sentiment driving the market. He’ll also tell us the 10 best lanes to run right now.  Truckstop’s Brent Hutto shares a new…