Economic Trucking Trends: Tough times for flatdeckers, used truck prices normalizing
As we head into the long weekend, it’s better to be a shipper than a carrier. At least if you’re relying on the spot market to find or move freight. […]
Next wave of ELD innovation is here — and it’s artificial intelligence
Over the past 20 and even 10 years, there has been a massive shift in the way the transportation industry has utilized technology both in and out of the truck. For evidence, one doesn’t need to look too much further than CJ Karman’s story. Karman is the founder and CEO of Ezlogz, but he put…
RXO outlook cut to negative but important debt rating not reduced
RXO has hung on to its BB+ rating from S&P Global, but the outlook on the company has been dropped down one level. RXO, spun off from XPO (NYSE: XPO) last fall, was given a BB+ rating by S&P Global Ratings at the time the brokerage company became a separate entity. At the same time,…
Yellow calls on White House to get Teamsters to table
Less-than-truckload carrier Yellow Corp. sent a letter to President Biden on Thursday asking for help negotiating with the Teamsters. The letter said the company is “on the verge of closing its doors due to an ongoing, intractable labor dispute with the International Brotherhood of Teamsters (IBT).” “Despite support from your Administration, these efforts have proven…
Never miss out on detention time reimbursement again
In the trucking industry, one of the most valuable resources is time. There is a reason for the saying, “If the wheels ain’t turning, you ain’t earning.” Because of the steep operating costs for a single semi-truck, lost hours of productivity greatly impact margins over time. One way that time is often utilized inefficiently, which…