Trucking conditions deteriorated further in June as fuel, financing costs and freight rates were negative factors. FTR’s Trucking Conditions Index (TCI) fell to -3.36 from -0.3 in May. Before May and June, the TCI had not been negative in consecutive months since April and May 2020. In addition to negative cost and pricing conditions in […]
Heartland Express (CCJ Top 250, No. 42) is acquiring Contract Freighters (CFI) non-dedicated U.S. dry van and temperature-controlled truckload business and CFI Logistica operations in Mexico for $525 million. The deal does not include the CFI Dedicated or CFI Logistics U.S. brokerage operations. In late 2021, CFI, a subsidiary of TFI International (No. 7), reorganized and […]
Broker/3PL Arrive Logistics this summer announced the launch of a pilot program aimed at helping private fleets connect with owner-operators, opening a new avenue to earning revenue for both sides of the partnership. Arrive’s “We Deliver Flexibility” program allows owner-operators and small fleets with five or fewer power units to submit basic information, which will be sent to private […]
With just more than four months left in 2022, Tesla CEO Elon Musk tweeted Wednesday that he expects to begin deliveries of the company’s battery electric Semi, equipped with a 500-mile range, this year.
The national average for a gallon of on-highway diesel is below $5 for the first time since early March, according to the latest weekly update from the Department of Energy’s Energy Information Administration. During the week ending Aug. 8, diesel prices across the U.S. fell by an average of 14.5 cents to a national average […]
Video telematics provider Lytx has launched a new tracking service to provide fleets visibility into their powered equipment. The Lytx Asset Tracking Service provides data that includes asset serial number, current estimated location, last connected time and the last movement date in addition to real-time alerts that offer insights on how long the equipment has […]
Since its 2020 pivot to become Daimler Truck North America’s vocational brand, Western Star has launched its models 49X and 47X. Last week the Freightliner sibling shifted its focus from the jobsite to the road, trotting out its third new model in two years – the on-highway 57X. The 57X will replace the 5700XE – Western Star’s aero model that debuted in […]
A new company has entered the transportation insurance market with a goal to help move cargo through the supply chain faster. Spot cargo insurtech company MiKargo247.com provides freight brokers, 3PLs and motor carriers instant access to all-risk cargo insurance up to $1 million per load on land and rail in the U.S. and Canada. “We […]
Starting Tuesday, July 26, the Federal Motor Carrier Safety Administration will allow carriers to register to participate in the Safe Driver Apprenticeship Pilot Program, a combined effort with the Department of Labor that acts on the 2021 Bipartisan Infrastructure Law’s mandate to explore allowing younger drivers to operate interstate.
