Trucking

SFOO Summit: Navigating the trucking downturn – Adam Wingfield’s Playbook for Success

This fireside chat recap is from FreightWaves’ Small Fleet & Owner-Operator Summit on Wednesday.

The trucking industry’s yearslong roller coaster ride from COVID highs to post-pandemic lows was especially impactful for smaller trucking companies. For small fleets and owner-operators, the boom then prolonged bust cycle is a central theme.

In a keynote address at the Small Fleet & Owner-Operator Summit, Adam Wingfield, founder of Innovative Logistics Group, candidly assessed the current market and...

https://www.freightwaves.com/news/sfoo-summit-navigating-the-trucking-downturn-adam-wingfields-playbook-for-success

SFOO Summit: 30 years of carrier improvement and development with Truckstop

This fireside chat recap is from FreightWaves’ Small Fleet & Owner-Operator Summit on Wednesday.

FIRESIDE CHAT TOPIC: Fuller Speed Ahead: From “Internet Truckstop” to Industry Leader: Kendra Tucker On 30 Years of Truckstop

DETAILS: Freightwaves founder and CEO Craig Fuller speaks with Truckstop CEO Kendra Tucker about the company’s 30th anniversary and its unique perspective on the evolution of the freight technology industry.

KEY QUOTES FROM TUCKER:

“We want to understand how our carrier feels...

https://www.freightwaves.com/news/sfoo-summit-30-years-of-carrier-improvement-and-development-with-truckstop

Kenan Advantage Group acquiring MC Tank Transport

Kenan Advantage Group (KAG) is acquiring liquid bulk hauler MC Tank Transport (MCT), according to an internal MCT memo to drivers on Tuesday. The latest acquisition for KAG will also provide it with a platform to provide International Organization for Standardization (ISO) tank services.

The deal will also include MCT subsidiaries MC Leasing, KI Leasing and Liquid Solutions Tank Leasing.

West Chester, Ohio-based MCT operates out of 11 terminals throughout the Midwest, South and East as well at...

https://www.freightwaves.com/news/kenan-advantage-group-acquiring-mc-tank-transport

Survivor of massive I-35 crash sues Amazon, ZBN Transport for over $100M

A week after a tractor-trailer crash killed five people on Interstate 35 in Austin, Texas, a survivor of the 19-vehicle wreck has sued the transportation companies and truck driver involved.

According to the lawsuit filed by Nathan Jonard, attorney Bradley Beckworth said his client’s life “was forever changed by an act of unimaginable destruction” when Solomun Weldekeal Araya rammed his tractor-trailer into a line of traffic.

The complaint, obtained by FreightWaves, seeks over $100 million in...

https://www.freightwaves.com/news/survivor-of-massive-i-35-crash-sues-amazon-zbn-transport-for-over-100m

Determine your bottlenecks before leveraging new AI technology

With the rise of AI technology, many brokerage firms and other logistics companies are still trying to figure out what new tools they need to keep a competitive edge. As with any technological disruption, it can be difficult to distinguish legitimately helpful products from the ones that simply take advantage of the trends.

Dhruv Gupta, CEO of Drumkit, encourages brokers and 3PLs to thoroughly explore and understand their workflow bottlenecks in order to make novel AI technology work most...

https://www.freightwaves.com/news/determine-your-bottlenecks-before-leveraging-new-ai-technology

Trucking, copper, cocoa: volatility roils commodities

The ongoing geopolitical realignment and escalating trade tensions are sending shockwaves through global commodity markets, reshaping long-established trade routes and supply chains. From copper to cocoa, and even the U.S. trucking industry, these shifts are creating both challenges and opportunities for businesses and investors alike.

The most visible impact of the trade wars has been on major freight flows, particularly in the crucial eastbound trans-Pacific ocean container lane connecting...

https://www.freightwaves.com/news/trucking-copper-cocoa-volatility-roils-commodities

FreightTech companies spotlight new or enhanced products for TCA crowd

PHOENIX – The crowded FreightTech field faces a continuous problem: How does a company make its products stand out when so much of their functionality overlaps with competitors’ offerings?

Most of what various FreightTech products offer in particular applications is identical, except for that last slice of functionality with which one company tries to set itself apart. And that’s where the fiercest battles take place.

That reality of the market has led the Truckload Carriers Association at its...

https://www.freightwaves.com/news/freighttech-companies-spotlight-new-or-enhanced-products-for-tca-crowd

Ongoing MVR monitoring could help carriers avoid big risks

Trucking can be a risky business. A carrier’s profitability depends largely on the state of the wider economic market, which can be impacted by everything from natural disasters to legislation changes. There are steps trucking companies can take to safeguard their operations despite outside unpredictability, however.

For example, carriers can create a regular practice of reviewing their drivers’ driver motor vehicle records (MVR) in order to flag any issues early and sidestep potential pitfalls...

https://www.freightwaves.com/news/ongoing-mvr-monitoring-could-help-carriers-avoid-big-risks

Court orders Mexican supplier to ship parts to Detroit automaker

Citing potential layoffs and disruption to the auto industry, a federal judge in Michigan has ruled that a Mexico-based supplier must keep shipping parts to a Daimler Truck North America subsidiary in Detroit.

Judge Jonathan J.C. Grey of the U.S. District Court for the Eastern District of Michigan granted a preliminary injunction to Detroit Diesel Corp. (DDC) on Friday, ordering Martinrea Honsel Mexico SA de CV to restart production and shipments of housing parts needed to make transmissions for...

https://www.freightwaves.com/news/court-orders-mexican-supplier-to-ship-parts-to-detroit-automaker

Autonomous dispatcher Bubba AI launches for independent truckers, small carriers

Independent truckers and small carriers often are at a disadvantage among their competitors, juggling everyday tasks including dispatching loads, negotiating rates and handling administrative tasks while also keeping the wheels moving. Recognizing this challenge, Tapan Chaudhari, founder and CEO of Hey Bubba, on Tuesday introduced Bubba AI, an AI-powered dispatcher tailored to the needs of independent truckers and small fleets.

With years of experience in the trucking technology space, including...

https://www.freightwaves.com/news/autonomous-dispatcher-bubba-ai-launches-for-independent-truckers-small-carriers

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