In the past, shipping stocks have taken investors by surprise. At the beginning of 2023, shares of oil tankers and product ships were doing very well. The plan was called…
On Monday, a federal district court in Oregon sent out a notice stating that the case between load board DAT Solutions and digital freight company Convoy has been resolved. The…
The U.S. Department of Labor (DOL) won a misclassification case in November. Last week, they announced their pursuit of about 1,400 drivers in Arizona. These drivers are owed up to…
Logistics in the supply chain is the planning and execution of efficient transportation and storage of goods from origin to consumption, aiming to meet customer requirements in a timely and…
The British Columbia Maritime Employers Association (BCMEA) announced that the container shipping ports of Vancouver and Prince Rupert in British Columbia, Canada, will reopen soon. A new labor deal has…
The most important question in the freight market is when we will reach the bottom. The Cass Freight Index data indicated a worsening trend, but there was optimism for improvement….
A new group is investigating if trucking companies can use lease-to-own agreements to pressure drivers financially. The Truck Leasing Task Force (TLTF) of the Federal Motor Carrier Safety Administration discussed…
Experts have been predicting a U.S. recession for a year, but it hasn’t happened yet. Containerized imports haven’t slowed down yet, and they haven’t shown any signs of doing so…
The number of truckload tenders has increased by 7% since the beginning of the year. However, they are still significantly lower than in 2021. Spot prices for truckloads have increased…
Morgan Stanley cut its predictions on Thursday, just before earnings season began. The company thinks that the trucking industry will reach its “peak pain” in the second quarter of 2023….