Knight-Swift Transportation announced Tuesday that President and CEO Dave Jackson has stepped down. He will be replaced by Chief Financial Officer Adam Miller. The change follows multiple quarters of depressed results, largely due to a prolonged freight recession, but also as the company’s third-party insurance venture has been operating at a loss. The business, which…
After experiencing serious port inefficiencies, long coronavirus-related shutdowns and an increasing loss of labor in China, a broad range of manufacturers have committed to moving their facilities away from the country. Many of these companies hope to bring their factories closer to their U.S.-based end consumers, reducing supply chain friction. The right combination of proximity…
The Shipper Rate Report—presented in partnership with U.S. Bank and BlueGrace Logistics—is a quarterly publication using freight payment data from U.S. Bank in conjunction with FreightWaves SONAR data sets to create the most in-depth rate and demand outlook for shippers. The insights within this paper are curated by the market experts at FreightWaves and backed by the proprietary…
There are numerous ways of looking at the quarterly data from Canada’s BMO on the credit health of the trucking sector. None of them are positive. Canada’s BMO is a major lender to the trucking industry in North America. In the bank’s first-quarter 2024 earnings released Tuesday, BMO’s gross impaired loans and acceptances, where BMO…
Tirecraft is asking its commercial fleet customers to stop calling it for emergency roadside service (ERS), and to instead use its AI-enabled platform announced last year. In fact, the company […]