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The post Daily Infographic: Brent crude oil prices averaged $19 per barrel less in 2023 than 2022 appeared first on FreightWaves.
The post Daily Infographic: Brent crude oil prices averaged $19 per barrel less in 2023 than 2022 appeared first on FreightWaves.
The trucking industry has recently witnessed a steady rise in the number of women venturing into careers traditionally dominated by men. However, industry misconceptions continue to discourage generations of women from participating, making recruiting and retaining women a concern for fleet operators. On Wednesday during FreightWaves’ Enterprise Fleet Summit, Jennifer Hedrick, the president and CEO…
Less-than-truckload carrier Estes said Monday it will start opening terminals it has acquired from defunct Yellow Corp. as part of a “national expansion.” The carrier acquired 24 service centers for $249 million at Yellow’s (OTC: YELLQ) first auction, which concluded in early December. It picked up five leased properties for $35 million at a second…
Management from Radiant Logistics said Thursday that the worst of the cycle has likely passed. The comments came on its quarterly earnings call with analysts. Renton, Washington-based Radiant (NYSE: RLGT) reported a headline net loss of $700,000, or 2 cents per share, for its fiscal third quarter ended March 31. That compares to 8 cents…
To view more FreightWaves infographics, click here The post Daily Infographic: Daimler Truck recalling 64,064 units for possible steering loss appeared first on FreightWaves.
Pain during shipping downturns is often self-inflected by the industry itself. A scramble for market share spurs a rate spiral; too many ship orders compound the losses. Maersk CEO Vincent Clerc maintained on Thursday’s conference call that liners are avoiding at least some of these self-inflicted wounds. Clerc said ocean carriers are managing capacity fairly…
WASHINGTON — Regulators want to hear “diverse experiences and perspectives” from the trucking industry on plans to update how the government rates motor carriers on safety to determine when a motor carrier is not fit to operate. To help accomplish that goal, the Federal Motor Carrier Safety Administration announced it will hold an in-person listening…