Truckload carriers hopeful but not calling cycle turn yet

Following dismal first-quarter results, heads of two of the nation’s largest truckload fleets provided constructive market commentary at a Wednesday investor conference. That said, the long slog back to market equilibrium continues as the industry slowly purges the excess capacity added during the freight boom. “By no means am I here saying I think we’re…

Navigating the waters of change: WHAT THE TRUCK?!? LIVE in Miami

On episode 716 of WHAT THE TRUCK?!? Dooner is coming to you LIVE from Miami at Redwood’s Customer Advisory Board Spring 2024. We’ll learn what customers, executives and supply chain leaders have to say about the state of the market, collaboration, innovation, and surviving through hypergrowth and sustained freight recessions.  With special guests Erin Breen,…

Covenant seeks exemption from driving restriction for 2,000 new drivers

WASHINGTON — Truckload carrier Covenant Logistics is seeking a two-year federal exemption to streamline the process for employing 2,000 new drivers, the company told regulators. Chattanooga, Tennessee-based Covenant (NASDAQ: CVLG), along with its logistics affiliate Landair Transport Inc., has petitioned the Federal Motor Carrier Safety Administration to allow commercial learner’s permit (CLP) holders who have…