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The post Daily Infographic: Truck driver essentials: Things truckers describe as ‘must-haves’ appeared first on FreightWaves.
Knight-Swift Transportation’s latest acquisition is a bit of a reversal from recent initiatives, which were designed to dilute some of the cyclicality inherent in being an over-the-road truckload carrier. Those actions included acquiring less-than-truckload assets and building out a power-only brokerage offering. On Tuesday, Knight-Swift (NYSE: KNX), the nation’s largest TL carrier, announced it will…
Proposition 22, which kept California’s independent contractor law AB5 from applying to app-based drivers like those from Uber and DoorDash, has been kept alive by a state appellate court ruling. In a decision that lays the groundwork for an appeal because the three-judge panel did not fully agree on the issues, the Court of Appeal…
The job losses suffered by the truck transportation sector in February have almost no precedent in the last 10 years, except for the massive drop in April 2020 and a similar drop almost 10 years ago. Bureau of Labor Statistics data reported Friday showed the truck transportation sector saw a decline of 8,500 jobs in…
Global trade in diesel and other refined petroleum products is evolving exactly as predicted. European Union and G-7 sanctions targeting Russian exports are forcing product tankers to sail longer voyages and sucking more ships into the “shadow fleet,” reducing effective transport supply in Western trades. What comes next for already tight transport supply is also…
Shipment data captured by payment services provider Cass Information Systems was only off modestly in February while freight costs plummeted on a tough comp. The Cass Freight Index registered a 0.3% year-over-year (y/y) decline in shipments while the expenditures component of the data set, which measures the total costs associated with shipping freight, fell 9.7%…
On the heels of deals at other Class I railroads, Union Pacific has reached agreements with eight unions to provide workers up to seven paid sick days. The agreement goes into effect April 1. According to a prepared statement from UP (NYSE: UNP), the employees in the unions that agreed to the deal will receive…