Chart of the Week: Reefer Tender Reject Index, Reefer Truckload Index – USA SONAR: ROTRI.USA, RTI.USA The refrigerated (reefer) truckload market has settled after showing signs of destabilizing in front of the broader market last fall. The Reefer Outbound Tender Reject Index (ROTRI) has averaged below 5% since the start of March after spending much of…
Former Tony’s Express truck drivers and other employees say financial mismanagement by new owner John Ohle led to the 70-year-old trucking company’s recent collapse. Tony’s Express, headquartered in Fontana, California, shut down March 28 after Ohle and others sent a series of text messages starting on March 24, informing workers that the company would not…
Keeping trucks on the road is paramount for carriers. A company’s profitability – and an individual driver’s paycheck – is largely determined by the number of miles driven in a given day. Crashes on the highway or even in parking lots often lead to unexpected maintenance and downtime, significantly impacting profits. Incidents that cause front-end…
FreightWaves earned silver in two categories of the 2024 Regional Azbee Awards in the Southeast from the American Society of Business Publication Editors (ASBPE). Finance Editor Todd Maiden and former Editorial Director Rachel Premack’s coverage of the demise of less-than-truckload carrier Yellow Corp. received Regional Silver for Online Breaking News Coverage. Additionally, FreightWaves’ ELD: Five…
An unidentified person stole a semitruck and crashed it into a Texas public safety office, critically injuring at least three people Friday morning, a state lawmaker said. The “horrific tragedy” occurred at a driver’s license office in Brenham, a city nearly halfway between Austin and Houston, said State Sen. Lois Kolkhorst, who represents the area….