News
Hapag-Lloyd: Higher costs will inevitably push up shipping rates
Germany’s Hapag-Lloyd, the world’s fifth-largest shipping line, posted better-than-expected results for the first quarter of 2023, with freight rates averaging $3,998 per forty-foot equivalent unit, 85% above pre-COVID…
Pretty freight machine
Welcome to the WHAT THE TRUCK?!? Newsletter presented by Dunavant. In this issue, used truck prices and spot rates fall; Pete’s new truck; self-driving data hogs; and more. Used truck prices plummet along with market SONAR…
April Class 8 Sales Up 19.4% Year-Over-Year
U.S. Class 8 retail sales in April increased 19.4% from a year ago but declined on a month-to-month basis, Wards Intelligence reported.
Leading through learning — Taking the Hire Road
This week on Taking the Hire Road, Jeremy Reymer, founder and CEO of DriverReach, is joined by passionate and engaging next-generation executive Ashley Kordish, CEO of Michigan-based Ralph Moyle Inc. (RMI). Recently…
U.S. Xpress lays off staff, reports significant loss to SEC
U.S. Xpress, on the verge of being acquired by Knight-Swift, recently laid off about 150 employees as its earnings report filed with the Securities and Exchange Commission showed a significantly widened loss for the…
Frito-Lay Opens New $16 Million Facility in Scott Depot, WV
Frito-Lay opened a new $16 million distribution center in Scott Depot, WV earlier this week. The facility is 70,000 square feet and will be a key distribution point in their supply chain. This center is four times larger than…
Three Companies Charged With Emission Device Tampering
Federal authorities in Michigan have charged three companies — including a truckload carrier — and 11 individuals in an aftermarket scheme to disable the emissions control systems.
House Panel Evaluates Supply Chain Concerns
WASHINGTON — House transportation policymakers expressed bipartisan support for pursuing initiatives meant to improve safety and workforce accommodations across the freight sector.
Kroger CEO Vows Legal Fight for Albertsons Deal if Necessary
Kroger Co. said it’s committed to hunkering down for a long legal battle if U.S. regulators attempt to block its $24.6 billion acquisition of Albertsons Cos.
