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Matt Hart, Paul Enos

Matt Hart, a scrappy driver with FedEx Freight, surpassed a competitive field to take home grand champion honors at Nevada’s Truck Driving Championships on April 6.

Kroger Co. and Albertsons Cos. agreed to divest more stores to C&S Wholesale Grocers, seeking to make their planned $24.6 billion merger more appealing to antitrust authorities.

NEW YORK — Tesla knocked roughly a third off the price of its “Full Self Driving” system — which can’t drive itself  — to $8,000 from $12,000, according to the company website.

Electric vehicle maker Rivian said it is working to secure and maintain the site of its planned Georgia factory, as well as preparing the land for vertical construction as soon as it can move forward with the $5 billion project.

The speed management provider E-Smart is adding a backing speed limiter feature for facilities to its services, the company announced April 22.

Although FMCSA's efforts to streamline the driver verification process are helping fleets reduce risk via the Drug & Alcohol Clearinghouse, it's also reduced the pool of qualified drivers.

Across the major logistics market segments, 2023 brought a spate of challenges including compressed margins, rising labor costs and inflationary pressures, ensuring a down year for many.

2023 was a generally downtrodden year for 3PLs, with plummeting transportation rates and shippers focused on right-sizing inventories and reducing logistics costs.

Truck fueling at a truck stop

The national average diesel price dipped 2.3 cents to edge below $4 a gallon, according to Energy Information Administration data released April 22.

Containers at the Port of LA

Transportation Index Falls, Signaling Risks for Stock Market

Transportation companies that serve as a bellwether for the American economy sent up a smoke signal last week.

Trucks parked at loading dock

When Will Freight Market Conditions Improve?

Stubbornly weak freight market conditions have placed financial strain on 3PLs in recent years with an oversupply of truck capacity driving down rates and squeezing brokers’ margins.

Editor's Picks
NTDC 2024

Complete coverage of the 2024 National Truck Driving Championships and Step Van Driving Championships, as well as the state events that served as qualifiers.

Amazon fulfillment center

A freight market recession, compressed broker margins and major acquisitions in 2023 have markedly altered the landscape of North America’s largest third-party logistics providers.

Fuel Prices
Week of Apr 22
Down
diesel
Down
2.3¢
Up
gas
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Top 100/ Top 50
  • 2024 Top 100 Logistics

    A unique ranking of the third-party logistics companies in North America includes listings of the largest freight brokerage firms, freight forwarders, warehouse operators and dedicated contract carriage service providers.

  • 2023 GFC 50 cover

    Key data on revenue and freight assets for the 50 largest global freight companies.

  • 2023 Top 100 Private Carriers Cover

    Beverage and food service fleets dominate the top spots in this comprehensive rundown of private carriers in North America, ranked by number of tractors.

  • 2023 Top 100 For-Hire

    Annual rankings provide an indispensable overview of the largest for-hire carriers in North America, along with timely analysis of trends shaping the industry.

More News
J.B. Straubel

Redwood Materials, started by Tesla co-founder J.B. Straubel, is attempting to create a domestic loop using recycled critical metals for lithium-ion batteries.

A diesel pump

The global diesel market is deteriorating, a concerning economic signal and food for thought for bullish oil traders.

Bridge remnants atop the Dali

BALTIMORE — Salvage crews at the site of a collapsed bridge are turning their focus to the tons of debris sitting atop the Dali, a massive cargo ship that caused a deadly catastrophe in March.

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