When it comes to safety and compliance on the roads, Trucordia stands tall as a leader in insurance, risk management and loss control with a team of professionals who specialize in all things trucking and transportation. Get the top 10 tips from Trucordia on how to stay compliant with the Federal Motor Carrier Safety Administration (FMCSA).
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The world’s second-largest ocean freight carrier expects global demand for container shipping to remain strong into the fourth quarter on robust imports to North America and Latin America, as well as ongoing strong exports from the Far East. Maersk in a quarterly review and outlook on Wednesday projected a more balanced supply and demand across…
UPS Inc. has made a contract offer to the Teamsters union that the union said Friday represents “significant movement” on wages, benefits and worker classification language. The company has also pledged to have a deal done by Wednesday to cover 340,000 Teamster employees, the union said. Despite the progress, it isn’t enough, the union said…
Several large investors have contributed $200 million to launch fully driverless trucks in 2025 with Toronto-based AI company Waabi. In an announcement on Tuesday, Waabi stated that it had raised $200 million in an oversubscribed Series B round, led by Uber and Khosla Ventures. The funding round includes participation from strategic investors Nvidia, Volvo Group…
It has been a year since I wrote “Why I believe a freight recession is imminent.” The article, published on March 31, 2022, stated my case for why I thought the U.S. trucking market was headed for a significant downturn. The information in the article was based on analysis from SONAR, FreightWaves’ high-frequency freight data…
STG Logistics, a transloading and containerized freight services provider, announced a $300 million capital infusion. The new debt and equity financing package will provide the company “with significant capital to fuel its ongoing expansion and strategic growth initiatives.” STG’s private equity sponsors (Wind Point Partners, Duration Capital Partners and Oaktree Capital Management) backed the new…
A decline in intermodal yields, weak volumes across all of its transportation offerings and elevated expenses were among the culprits for J.B. Hunt Transport Services’ second-quarter earnings miss. The multimodal transportation provider reported second-quarter earnings per share of $1.32 Tuesday after the market closed. The result was 49 cents lower year over year and roughly…