FedEx posts strong earnings results in last quarter with freight business Research by a technology vendor to global forwarders found that CargoWise’s major pricing model change last fall hasn’t yet resulted in major cost increases. Shippers and large forwarders are turning to data sources that can directly turbocharge their automation ambitions, something the global terminal operator’s SeaRates product could not provide. He also gets into the trust issue, data safety, and the simplest way fleets can start using tools like Claude or ChatGPT without overcomplicating it. The cuts come as freight-related layoffs continue to reach multiple parts of the supply chain — from production plants that generate truckload freight to warehouses, fulfillment operations and final-mile delivery contractors.
The August Van TVI, at 247, fell 5% compared to July and was roughly flat annually, said DAT. DAT Truckload Volume Index points to August truckload spot rates posting record seasonal declines Data, staff readiness, and human oversight will slow the move to automation.
Despite diligent efforts, CFL “was unable to gain commitments to fund ongoing operations, find a buyer of the entire business or fund a Chapter 11 reorganization,” another source familiar with the company told FreightWaves. Approximately 820 employees are based at the company headquarters in Waco. Central Freight Lines is the largest trucking company to close since Celadon ceased operations in 2019. Pilot Flying J and Love’s, two of America’s largest truck stops, told the Wall Street Journal yesterday that they were not planning to restrict diesel purchases, but were monitoring low diesel inventory. “I wish I had some good news for the Northeast, but it’s bedlam,” Tom Kloza, global head of energy analysis at OPIS, told FreightWaves.
Freight Distress Report: Logistics, manufacturing cuts put 1,850 jobs on chopping block
Waco, Texas-based Central Freight Lines has notified drivers, employees and customers that the less-than-truckload carrier plans to wind down operations on Monday after 96 years, the company’s president told FreightWaves on Saturday. Today’s top logistics headlines highlight steady LTL metrics at major carriers, shifting macroeconomic manufacturing data, tightening regulatory oversight on driver credentials and zero-emission equipment, and early peak season surcharges. A new wave of layoffs and facility closures is eliminating about thousands of jobs across logistics, delivery, food production, packaging and manufacturing operations. The interactive sessions will give attendees a closer look at real-world supply chain projects involving AI, automation, inventory intelligence, planning, healthcare, talent and data quality.
Transflo, which sells automation software to transportation providers, is using AI agents to identify specific exceptions common to LTL billing errors. Echo’s Doug Waggoner said the opportunity to acquire ITS came as part of his company’s virtually constant search for potential additions. The software company with a network of thousands of https://real-apartment.com/transportation-of-oversized-goods-for-the.html proprietary roadside cameras has been primarily serving freight brokers with capacity sourcing and fraud mitigation tools. The product launched this week by Triumph, called Capacity Intelligence, allows brokers to identify lanes where it needs a deeper pool of reliable carriers.
In this update, we break down stable tender rejections around 14%, elevated but flattening spot rates, rising contract rates, tight capacity, intermodal share gains and why weak housing and automotive demand are still capping the upside. Despite the automation push, Ribeiro cautioned that most carriers with fewer than 50 to 100 trucks are still early in their AI journey and should start small. Ribeiro said larger organizations are already piloting the platform, and that Hey Bubba developed much of its current toolset over the past six to twelve months based directly on customer feedback. “When we’re talking to owner-operators — any fleet — when they have a tough truck to cover, it could take them five, six hours to negotiate it and book the truck depending on if it’s a same-day load or next day,” Ribeiro said. For carriers, owner-operators and small fleets, this is the practical AI conversation — not the hype cycle.
CargoWise customers content but wary about AI, pricing changes: report
As indicators point to the end of the long freight recession, shippers face an evolving market marked by massive carrier network purges, regulatory crackdowns at the border, active M&A, and shifting supply chain cost pressures. Retailers front-loading holiday inventory and record port volumes signal the end of the freight recession. Shippers face a shifting environment driven by customs rulings, fleet maintenance backlogs, and updated broker liability frameworks.
- I still believe the Truckstop.com dry van national average will not retest the post-vortex surge pricing that brought spot rates up to an all-time high of $3.30.
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- “I’m super, super — I can’t emphasize that enough — comfortable to be the ongoing owner of the business.”
- A subset of customers do permit sharing, and what moves in those cases is the model itself, the coefficients and weights, rather than the underlying data.
- “We’re going to be expanding deeper into Asia, and from a port perspective, getting data much earlier than competitors,” explained Duboe.
But if I was managing the FMCSA, that would be one of the first questions I ask, ‘Why don’t we have one of these in the wintertime? “With that $120 figure, if you aggregate that up to 60,000 inspections or whatever, and you take that in comparison, I’m going to give you a bad figure here, it’s on the order of $10 million. It’d be fun to measure the delay cost, but I don’t have good enough price data on that to get at that cost. So when we add up, just looking at the cost of what an inspection is, we don’t have a good idea of how to measure the compliance cost. But just looking at the FMCSA data, in 29% of all truck crashes, a major factor is brake problems. I think the vast, overwhelming majority of trucks have some sort of one of these electronic devices.
Aurora plans 30,000 driverless trucks as carriers weigh cost
So, the total accepted freight tenders in mid-June is comparable to the peakiest of peak seasons in 2020. At that time, OTVI surged towards 17,000, but the rejection rate moved in-kind towards its natural ceiling of 28%. OTVI captures all electronic tenders, including rejected ones, so when accounting for the rejection rate, we can get an even more accurate look at volumes. The Outbound Tender Volume Index at 15,980 is nominally higher now than basically at any point in the past 12 months with the exception of the week prior to Thanksgiving/Black Friday last year. The DHL Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.
So they get inspected at a higher intensity, and you see the https://www.testking.us/the-strategic-proliferation-of-floating-offshore-wind-technology/ larger carriers kind of more focused on making sure that they’re prepared for these inspections. And how does this pattern of shutting down, how does that compare for an owner-operator versus a driver for a big fleet? For the number of inspections that are happening, you get fewer tickets than you would have otherwise expected. “The ingenious aspect of it is that the FMCSA, by concentrating their inspection resources all at one time and announcing it, they’re making it clear that they’re serious about enforcing these regulations and everybody prepares for it. That trucks are kind of better maintained around these blitzes.
He declined to speculate about what Trimble’s exposure to trucking would look like if the transportation business were ultimately sold. Painter also left open the possibility that the strategic review could result in the transportation business becoming a separate company. “I’m super comfortable if I’m back in front of you again in weeks, months, or a year from now at our next conference and we’re executing the playbook because that’s how we’re operating right now.”
In diesel, there’s no beetle infestation, but there are plenty of other headaches. It’s particularly jarring for commodities we never thought about before, like shipping containers or pallets, but that quietly underpinned our livelihood all along. It takes six months to a year to reignite refineries that were previously shuttered, Kloza said. Gulf Coast hit record highs last month, according to oil analytics firm Vortexa. New England diesel retail prices are up 75% from the beginning of 2022, per DOE data.
