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Wed Apr 13 07:11:02 CDT 2022

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Banana shipment from Ecuador to Europe concealed $290 million in cocaine

Italian authorities seized nearly 1,700 pounds of cocaine hidden inside a refrigerated shipping container carrying bananas at the Port of Vado Ligure, a commercial seaport on Italy’s northwestern Mediterranean coast, about 30 miles southwest of Genoa. Officers discovered 650 brick-shaped packages concealed among dozens of banana pallets. The container originated in Ecuador, one of the… Continue reading Banana shipment from Ecuador to Europe concealed $290 million in cocaine

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Shippers face tighter capacity as trucking rates hold near record highs

Truck capacity is shrinking just as shippers most need room to grow. ACT Research’s June For-Hire Trucking Index shows freight rates holding near record territory while capacity keeps tightening, as Class 8 tractor sales continue running below replacement levels and new federal driver rules squeeze the labor pool. For shippers trying to expand volumes, the… Continue reading Shippers face tighter capacity as trucking rates hold near record highs

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Trucking Compliance Crackdown EXPANDS: What it Means for the Freight Market

SummaryView Transcript The trucking industry is facing an expanding compliance crackdown, with states intensifying safety inspections and enforcing CDL regulations. This isn’t just a federal issue; local enforcement is driving a tighter freight market, reducing available capacity, and pushing spot rates to near-record highs. Understand why this regulatory shift is reshaping the industry. Summary unavailable.… Continue reading Trucking Compliance Crackdown EXPANDS: What it Means for the Freight Market

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Modal Shift: Why Shippers AVOID Cheaper Intermodal | FreightWaves Today

SummaryView Transcript Nicholas Shipe from Circle Logistics reveals critical shifts in automotive logistics and the factors influencing intermodal vs. expedited freight decisions. Learn why cost isn’t the only driver when manufacturers prioritize production uptime. Plus, discover the surprising truth about America’s overlooked energy advantage shaping industrial supply chains. Summary unavailable. The post Modal Shift: Why… Continue reading Modal Shift: Why Shippers AVOID Cheaper Intermodal | FreightWaves Today

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Aurora races toward scale with new driverless hardware

Autonomous trucking has historically had a manufacturing problem: proving a truck can drive itself is one hurdle; building enough of them to matter is another. Aurora Innovation (NASDAQ: AUR) says its second-generation hardware finally closes that gap. It is engineered for a 1-million-mile operating life and built for volume production rather than pilot-scale trials. The… Continue reading Aurora races toward scale with new driverless hardware

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