Carriers need True Non-Recourse factoring as brokers continue to close up shop

Last year was a treacherous time to be in the logistics industry. While experts are more optimistic about 2024, flipping the calendar over to January did not offer instantaneous relief.  Brokers and carriers are still feeling the sting of the ongoing freight recession, and factoring companies can be critical partners during this time. This is…

Expert predicts growth in cargo theft, fraud, violence and pilferage – WTT

On episode 675 of WHAT THE TRUCK?!?, Dooner is talking to Overhaul’s Danny Ramon about cargo theft spiking 57% from 2022 to 2023. He’ll tell us why he thinks the problem will be even worse in 2024 and what you can do to protect your freight. Will this be the year of the warehouse robot?…

FMCSA pushes back rulemaking on truck speed limiters to May

WASHINGTON — The federal government’s controversial truck speed limiter rule has been delayed once again and is now set to be published in May. Originally scheduled to roll out by mid-2023, the Federal Motor Carrier Safety Administration pushed the date back to Dec. 29 of last year. But according to the U.S. Department of Transportation’s…

Texas beverage distributor closing facility, laying off 109 workers

Jumbo Beverages announced a permanent layoff of all employees at its beverage distribution center in Grapevine, Texas. The company said the layoffs will affect 109 workers and will be finalized by April 30, according to a filing with the Texas Workforce Commission. The company did not provide a reason for the layoffs or the facility’s…

Omni’s Schickel won’t have executive role at Forward Air

J.J. Schickel, CEO of Omni Logistics, is not going to join the combined Forward Air-Omni Logistics, but he will remain as a shareholder. In an email sent to Forward Air-Omni employees Saturday and confirmed by a spokesman for Forward (NASDAQ: FWRD), Forward chairman and CEO Tom Schmitt said Schickel had “chosen not to continue as…