The trucking industry is undergoing a transformative shift, fueled by market changes, geopolitical factors and evolving consumer behavior.
Werner’s Chairman and CEO, Derek Leathers, recently joined FreightWaves Founder and CEO, Craig Fuller to discuss these current industry trends and look ahead to what is coming next. The duo tackled a full suite of pertinent topics, including the market turn, nearshoring, fraud and the future.
The freight recession comes to an endEarlier this month,...
On episode 781 of WHAT THE TRUCK?!? Dooner is joined by Amazon top toy seller, Molson Hart. They’re talking about tariffs under Trump; peak season shipping; selling on Amazon; appearing on Tucker Carlson; and we will learn how the International Longshoremen’s Association port strike nearly killed him.
FreightWaves’ CEO and founder Craig Fuller declares an end to the great freight recession.
Reliance Partners’ Thom Albrecht is coming on with some clarity following the election. Now that we know...
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
I spent the past few days in Philadelphia at a logistics technology conference. Philly is the city of Rocky, the underdog boxer who gets to challenge the champion and ends up winning the hearts of the crowd. At the same conference, I talked to Omar Singh, CEO and founder of Surge Transportation, who pulled off a feat never seen before. In an...
Last year was a treacherous time to be in the logistics industry. While experts are more optimistic about 2024, flipping the calendar over to January did not offer instantaneous relief.
Brokers and carriers are still feeling the sting of the ongoing freight recession, and factoring companies can be critical partners during this time. This is especially true as freight brokers – ranging from small companies to household names – continue to enter and exit the market at breakneck speeds.
When a...
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Freight upcycle may come early, says Morgan Stanley
The freight...
Several trucking companies that hauled loads for Convoy, a digital freight brokerage that shut down in October, said the defunct company owes them thousands of dollars for loads they completed.
Before Convoy closed, it had some 80,000 carriers in its network and more than 500 employees. On Oct. 18, Convoy employees told its carriers that all loads were suspended. One former employee told FreightWaves he assumed that a company was going to acquire Convoy, while another believed there was just a...
Since March 10, three large commercial U.S. banks have failed. The fallout, paired with trends that have already been happening, are being described as a “crisis” by many in the financial community, including Thomas Albrecht, CRO and CFO of Reliance Partners.
On Monday’s episode of WHAT THE TRUCK!?! Albrecht joined Dooner to discuss how the current banking troubles could affect the freight community and warn that the situation is more serious than many think. In short, it could affect a...
With trucking companies bearing the brunt of the freight recession, the question on every carrier’s mind is how to generate more revenue despite low freight rates and weak demand.
Brian Runnels, vice president of safety at Reliance Partners, a trucking insurance agency and safety consultancy, has observed carriers’ efforts to grow margins in action. Recently, he’s witnessed multiple motor carriers shifting their operational practices to deprioritize high-mileage runs for shorter, more profitable...
https://www.freightwaves.com/news/dont-let-good-safety-practices-slip-amid-freight-recession
Freight market downturn turns 1 year old
It has been just over a year since Craig Fuller, CEO and founder of FreightWaves, wrote an article titled “Why I believe a freight recession is imminent,” published March 31, 2022, in which he predicted the U.S. trucking market was heading toward a significant downturn.
Fuller noted the reaction in a follow-up article published Monday: “At first, there was a great deal of vitriol aimed at the FreightWaves analysis and also...
https://www.freightwaves.com/news/loaded-and-rolling-freight-market-downturn-turns-1-year-old
LAKE BUENA VISTA, Fla. — Much has been written and dissected about what is happening in the freight markets. On Tuesday, FreightWaves founder and CEO Craig Fuller put some data behind the words in a market outlook presentation at the Gartner Supply Chain Symposium/XPO 2022 conference at Walt Disney World’s Dolphin Resort.
“The last couple of months and the last couple of years have been transformative,” Fuller told the audience, before diving deeper into the discussion. “We’ve never seen the...