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Rapid change is taking place across the industry. From shifting national freight patterns to sudden swings in available capacity to extreme weather events, less-than-truckload carrier pricing needs to be flexible and responsive to a range of factors for the industry to operate efficiently. Transparency into real-time market conditions results in a mutually beneficial relationship between…
Container lines are facing a triple whammy: Freight rates are weak — below breakeven in some trades — and show no signs of rising. New ships are flooding the market. And vessel leases that container lines booked at historically high rates during the boom have yet to expire. Some leases run through 2024 or 2025….
As the day nears when driverless trucks join traffic flows on interstate highways, autonomous system developers point to third-party validators to help reinforce their safety messages. Be safe out there Aurora Innovation has long claimed safety was imperative in putting Class 8 trucks without human drivers on the roads. Ditto for Kodiak Robotics. And Torc…
Grant Goodale, co-founder and chief experience officer of digital trucking network Convoy, is stepping down eight years after creating the startup with CEO Dan Lewis. Goodale told GeekWire on Wednesday that he wants to focus on spending more time with his two sons after eight years of the tech startup acting as practically his “third…
Mock audits are an essential tool for motor carriers to understand how their companies would perform during a real Federal Motor Carrier Safety Administration safety compliance review. They usually involve hiring a professional third-party consultant with expertise in the Federal Motor Carrier Safety Regulations (FMCSRs) who can help a company comprehensively vet its safety regulation…
Chart of the Week: National Truckload Index (less estimated fuel cost above $1.20/gal), Van Contract Base Rate per Mile Initial Report – USA SONAR: NTIL12.USA, VCRPM1.USA The average long-term (contract) rate for dry van truckloads (yellow) has dropped about 3%-5% since July 2023, according to FreightWaves invoice data. The more short-term focused-spot rate (white) is moving in the…