operating authorities
Loaded and Rolling: Freight upcycle may come early, says Morgan Stanley
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Freight upcycle may come early, says Morgan Stanley
The freight...
Loaded and Rolling: FreightTech 25 announced
FreightTech 25 announced
On Thursday FreightWaves presented the FreightTech 25 awards, which were chosen independently by a panel of CEOs, industry leaders, academics and investors who scored the companies. Chattanooga, Tennessee-based accounting and auditing firm HHM administered the vote. The awards recognize the most innovative and disruptive companies in the freight technology sector.
Of the companies that were named to the FreightTech 25, 17 were newcomers, while...
https://www.freightwaves.com/news/loaded-and-rolling-freighttech-25-announced
Trucker out-of-service orders hit all-time high
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WASHINGTON — New-entrant out-of-service (OOS) orders issued to carriers will surge to an all-time...
https://www.freightwaves.com/news/trucker-out-of-service-orders-hit-all-time-high
Loaded and Rolling: Small fleets and owner-operators gain market share
Small fleets and owner-operators gain market share
In an article published Tuesday, FreightWaves CEO and founder Craig Fuller made a case that the trucking industry is not consolidating anytime soon. The prevailing wisdom following the Motor Carrier Act of 1980 was that there would be rapid consolidation as previously highly regulated unionized trucking companies, operating under the older regulations from the Interstate Commerce Commission (ICC), went bankrupt and...
Loaded and Rolling: Owner-operator survey data; MC number cancellation data
FreightWaves recently conducted a survey of owner-operators outlining business issues and outlooks on profitability in 2022 compared to the previous year. The survey included 76 owner-operators and a majority of those polled, about 70%, hauled dry van trailers.
What stood out most in the data was the reported worsening conditions facing owner-operators. Just over 35% of those surveyed indicated the lowest...
Loaded and Rolling: Owner-operator migration; net revocations of trucking authority rise
A common theme during the downward swing in the cyclical freight market cycle is the movement of owner-operators in and out of large fleets. This behavior typically follows spot market rates, and when rates are high, owner-operators will leave the safety of large fleets to chase spot market rates, and when rates collapse, they will return to large fleets for more predictable freight volumes and...