With diesel prices in the futures market heading lower after an earlier increase that at one point had lifted levels by 35 cents a gallon, retail prices are now trending lower as well. The weekly Department of Energy/Energy Information Administration average retail diesel price fell 4.7 cents Monday to $3.779 a gallon. It’s the second…
Brad Jacobs’ next venture is ready to start acquiring companies, backed by a war chest of $5 billion. With two recent private placements completed or soon to be done, QXO now has that amount in hand and no debt to pursue acquisitions in a building products industry that was described late last year as “highly…
On Episode 738 of WHAT THE TRUCK?!?, Dooner is talking about President Joe Biden’s sudden withdrawal from the race. Supply chains are on the line this election season as both former President Donald Trump and Vice President Kamala Harris have much different plans for tariffs, electrification and more. It’s a market of pain and gain…
Driver turnover is one of the trucking industry’s most ubiquitous and evergreen concerns. The annual industrywide turnover rate has consistently come in at over 90% since the 1990s. Conversations about turnover and retention often hinge heavily on pay, but that is only part of the story. While drivers certainly care about their paychecks, another factor…
WASHINGTON — Federal regulators have told Congress that the administration is struggling to get a handle on broker fraud due to a lack of data as well as jurisdictional issues. In a “Unlawful Brokerage Activities” report sent to Congress last week, the Federal Motor Carrier Safety Administration confirmed that it continues to assess the relationship…