Month: July 2026

An index of driver pay levels has soared in recent months and is at an all-time high. The joint index jointly calculated by AscendTMS and Superior Trucking Payroll Services has been calculated since 2020, but had not been widely publicized previously, according to Tim Higham, CEO of AscendTMS. Higham said he posted it occasionally to… Continue reading Index of driver pay, product of two companies, is surging 

July isn’t just the heart of summer; it’s National Hot Dog Month and the absolute peak of America’s grilling season. As millions of consumers stock up on burgers, hot dogs, condiments, and cold beverages for backyard barbecues, food manufacturers and retailers aggressively ramp up shipments. This massive surge in temperature-controlled grocery freight directly collides with… Continue reading Dry Van Report: How grilling and produce seasons squeeze reefer and dry van capacity

Manufacturing kept expanding in June, with the ISM Manufacturing PMI coming in at 53.3%, marking a sixth straight month of growth even as the pace eased 0.7 percentage point from May. For truckload carriers and brokers, the headline number matters less than what’s underneath it: New Orders expanded for a sixth consecutive month at 56%,… Continue reading Flatbed Report: Manufacturing holds its growth streak

SummaryView Transcript Bloomberg Intelligence’s Lee Klaskow dives deep into the state of the freight market, explaining how structural changes like federal mandates are elongating traditional trucking cycles. Discover why truckload and LTL stocks are soaring, what owner-operators and brokers expect for rates, and the impact of the Montgomery case on industry consolidation. Klaskow also shares… Continue reading Freight Recession Over? Bloomberg Analyst on Trucking Market & Stocks

Iran targeted a container ship in the Strait of Hormuz as it widened its war with the United States amid a crumbling ceasefire and climbing gas prices. Iran on Saturday attacked a feeder container ship transiting the Strait of Hormuz. British security monitors reported the vessel had been set afire, and the crew abandoned ship.… Continue reading Container ship attacked in Strait of Hormuz as Iran widens war