PHOENIX – If there was a freight market bull at the annual meeting of the Truckload Carriers Association, that person was keeping pretty quiet.
Conversations from the stage, at receptions and at meals had a consistent theme: Can you believe we’re still talking about this freight recession? In 2025? Didn’t we say at this meeting last year that things would be better by the end of 2024?
At the Large Carrier panel, Dave Williams, senior vice president of equipment and government relations at...
PHOENIX – In a broad presentation on the freight market outlook, the chief economist at the American Trucking Associations expressed general concern about the impact of tariffs on freight markets but reserved some of his strongest remarks for upcoming fees on Chinese ships calling at U.S. ports.
Bob Costello, speaking to the annual conference of the Truckload Carriers Association (TCA), said the proposals revealed last month by the U.S. trade representative, if implemented, “absolutely could...
A case involving giant 3PL RXO has the potential to add another decision to the body of law regarding broker liability.
RXO (NYSE: RXO) brokered a shipment of cellphones for phone reseller PCS Wireless. The shipment was booked a few months before RXO was spun off as a standalone 3PL by XPO, and RXO is identified in the initial lawsuit as “f/k/a” – formerly known as – XPO (NYSE: XPO).
The shipment totaled about 54,000 phones with a value of approximately $11.5 million. They were to move from Texas...
El cierre de Kal Freight en las próximas semanas no estará bajo una acción de bancarrota del Capítulo 7, como habían temido algunos de los acreedores de la compañía, sino que estará a través de los procedimientos existentes del Capítulo 11. Esa es una de las principales conclusiones de la hoja de...
Kal Freight’s closure in the coming weeks will not be under a Chapter 7 bankruptcy action, as had been feared by some of the company’s creditors, but will be a wind-down through the existing Chapter 11 proceedings.
That’s one of the main takeaways from the binding settlement term sheet agreed to Wednesday in the U.S. Bankruptcy Court for the Southern District of Texas. All the key creditors of the truckload carrier have signed on to the pact, and Bankruptcy Court Judge Christopher Lopez approved...
With a new chairman and CEO at the helm, TransForce, which supplies labor solutions that range from training to providing actual workers, is rolling out an expanded key offering.
Rafael Andres Diaz-Granados is the new head of the company. He was most recently the chairman and CEO of ParagonISG, an energy and environmental services company. He will stay on as chairman there. He also had a 15-year career in numerous roles at General Electric.
When the list of the biggest employers in trucking is...
The bankruptcy action of KAL Freight, with its charges of corruption in the background, is nearing a “do or die point,” according to a filing in the case, with motions and countermotions flying back and forth last week in a Texas bankruptcy court.
The key takeaways from those motions are that KAL Freight still has plenty of trucks on the road, and that’s an issue; and the goal of a Chapter 11 proceeding, which is to allow a company to reorganize its ownership and debt load and continue...
The February truck transportation employment report was yet another step in a downward slide that has led to an industry stuck in a fairly tight range in the number of people it employs.
Seasonally adjusted jobs in truck transportation are down 15,400 from February 2024. It’s not the biggest year-to-year gap in recent years. But after jobs in the sector plummeted in August 2023 as a result of the closure of Yellow – the first big drop after several years of post-pandemic growth – the number of...
New York City is declaring again that it has made significant progress keeping overweight trucks off a key highway using a weigh-in-wotion (WIM) system. Now it wants to expand the use of the technology to other parts of the state that handle heavy truck traffic.
The WIM technology is on the unique cantilevered section of the Brooklyn Queens Expressway, designated Interstate 278, that runs between south Brooklyn and north into Queens. The cantilever is a three-tiered structure that moves...
New England will probably be ground zero for observing how a 10% tariff on Canadian crude and refined product exports to the U.S. hits prices at the pump.
While Mexico is also facing those tariffs, that country is mostly an exporter of crude to the U.S. Along with significant Canadian crude exports to the U.S., it may take an undetermined amount of time for imports on a raw material like crude to show up in a retail diesel or gasoline price. (Mexico’s tariff is 25%).
However, New England is...
https://www.freightwaves.com/news/tariff-impacts-on-diesel-prices-will-likely-hit-new-england-first