A new round of trucking bankruptcies has swept across the U.S. in recent weeks, with carriers ranging from small owner-operators to fleets operating dozens of trucks seeking Chapter 7 or Chapter 11 protection. At least 16 trucking, delivery and transportation companies entered bankruptcy proceedings between late August and Sept. 21, according to federal court filings… Continue reading 16 trucking companies hit bankruptcy court in less than a month
Wed Apr 13 07:11:02 CDT 2022
Month: September 2026
Dry Van Report: Cass shipments turn positive, ending the longest freight downturn on record
Dry van spot linehaul rates paid to carriers averaged $2.17 per mile last week, minus fuel, down 1.2%, or $0.03 per mile, from the week before. Rates climbed 32.8%, or $0.53 per mile, year over year and held 19.7%, or $0.36 per mile, above the nine-year seasonal average of $1.82 per mile, near the top… Continue reading Dry Van Report: Cass shipments turn positive, ending the longest freight downturn on record
Flatbed Report: Housing’s pipeline is softening, and the Fed isn’t why
Flatbed spot linehaul paid to carriers averaged $2.60 per mile last week, minus fuel, down 0.5%, or $0.01 per mile, from the week before. Rates climbed 29.2%, or $0.59 per mile, year over year and held 24.6%, or $0.51 per mile, above the nine-year seasonal average of $2.09 per mile, near the top of the… Continue reading Flatbed Report: Housing’s pipeline is softening, and the Fed isn’t why
Fake FedEx drivers steal $680K electronics load from New Castle, DE, warehouse
Delaware State Police arrested a California man after a $680,000 electronics shipment disappeared from a New Castle, DE, warehouse. Troopers recovered the trailer at a Newark, DE, parking area with every item inside. Investigators connected the scheme to fraudulent identification, shipping records and a false registration plate. The case began with a pickup near Wilmington,… Continue reading Fake FedEx drivers steal $680K electronics load from New Castle, DE, warehouse
Another aspect of Montgomery: it might make human brokers more valuable
Naperville, Illinois–In a day-long conference devoted to the business of logistics mergers and acquisitions, and the markets those companies serve, a guest that wasn’t on the attendee list or the agenda showed up unexpectedly: Montgomery vs. Caribe Transport II. That recent Supreme Court decision opening the door to greater broker liability could always be seen… Continue reading Another aspect of Montgomery: it might make human brokers more valuable