Freight News Updates

The trucking industry is facing a tepid financial outlook amid volatile market conditions compelled by the ongoing tariff-fueled global trade war, experts said.

Bipartisan legislation seeking to enhance consumer protections in the moving industry was recently approved by a Senate committee.

Fighting back against rampant fraud in the freight transportation industry was the prevailing theme at the Transportation Intermediaries Association's Capital Ideas Conference.

The collapse of auto hauler Jack Cooper Transport is expected to provide an initial tailwind for other carriers in the sector. Macroeconomic trends promise decrease in capacity as sales fall.  

The trucking industry is expected to slowly improve next year even as market headwinds and uncertainty leave many unknowns heading into 2025.

The deal, which closed Dec. 17, brings Trucker Tools’ platform suite for freight visibility, digital load booking and carrier engagement under the umbrella of DAT’s operations.

“Trucking is now in the longest and deepest freight down cycle since the 2007 global financial crisis,” said C.H. Robinson's Michael Castagnetto. ATA data shows tonnage climbing slowly.

A timeline for a rebound in freight rates and market conditions remains muddy into the second half of 2024, according to executives and analysts.

The outlook for truckload freight markets and rates is less cloudy after a dismal first quarter, according to carriers and analysts.

Transportation technology provider Trucker Path is launching a new brokerage service offering designed for small to midsize freight brokers, the company announced April 3.