66% of logistics pros say talent quality — not cost — is the #1 factor in choosing a nearshore partner. Rapido's integration model explains why that's the right question to be asking.
Plus, a carrier pleading guilty to mob money laundering while still FMCSA-active, Iran's first post-ceasefire attack and what it means for diesel surcharges, FedEx Freight's first earnings as a standalone company, and more in today's newsletter.
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Florida comes in with the second-highest percent drop in broker permits.
The trucking scene in Florida is hitting the brakes. Here's what the data shows for the Sunshine State.
Florida comes in as the state with the second-highest percent drop in broker permits.
During the pandemic's peak, truckers and freight brokers thrived as online shopping soared. But as consumer spending shifts from goods to experiences, the industry is feeling the pinch.
Ripple Effects
The industry is 'normalizing' after a pandemic boom, grappling with lower freight rates and higher fuel costs. The Florida downturn mirrors a 78% drop in the national freight market, hinting at economic recalibration.
Source: TCPalm
📊 Diesel prices rise, hiding a downturn in the trucking market. While spot rates appear stable, without fuel costs, they trend lower. Carriers face rising costs without raising prices. Shippers, brace for a tighter 2024! 🚛⛽️📉 #ChartOfTheWeek #FreightWaves #SONAR https://t.co/3pNnVKfMjP
— Compare The Carrier (@CompareCarrier) October 2, 2023
Bad carriers are gaming the weigh station system. Plus, C.H. Robinson's own engineer goes scorched earth on Reddit, the Ghost Truck Act gets roasted, and more in today's newsletter.
Plus, STG's path out of bankruptcy, Wyoming's "Truck Around and Find Out" operation, what "phantom capacity" means for Mexico lanes, and more in today's newsletter.
Plus, a cabless autonomous truck just raised $24M, non-domiciled CDLs rules need clarifying, CSX posts a 26% profit jump while watching the UP-NS merger closely, and more in today's newsletter.
Plus, USPS gives non-domiciled CDL carriers an 11-day deadline, the spot-to-contract spread starts squeezing 3PLs, Knight-Swift trims its Q1 guide but stays bullish, and more.
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