ThinkFreight

FMCSA Has "Too Little Data" To Tackle Double-Brokering Fraud

Federal regulators have informed Congress that the administration is struggling to address broker fraud due to a lack of data and jurisdictional issues. In an “Unlawful Brokerage Activities” report sent to Congress last week, the Federal Motor Carrier Safety Administration (FMCSA) confirmed its ongoing assessment of the relationship between motor carrier safety and unlawful brokerage incidents.

Kodiac Puts Driverless Technology Into Atlas Trucks

Kodiak Robotics Inc. announced today that it will equip new high-capacity trucks from Atlas Energy Solutions Inc. with its autonomous technology. Under this partnership, Kodiak will provide its technology through a driver-as-a-service licensing agreement.

UPS to Buy Mexican Delivery Company Estafeta

UPS announced an agreement to acquire Estafeta, a nearly 50-year-old Mexican delivery company. This acquisition is part of UPS's "Better and Bolder" strategy to become the world's leading provider of international small package and logistics services.

Corporate Espionage Within Freight Brokerages

In recent months, the freight industry has been rocked by a wave of unprecedented scams. Just last week, we discussed a freight ransom ring in Illinois. Now, we have another alarming story to share: corporate espionage.

CFPB Looking Into Predatory Lease-Purchase Agreements

The Consumer Financial Protection Bureau (CFPB) presented findings on predatory lease-purchase agreements in the trucking industry to the Truck Leasing Task Force on July 18th. The presentation highlighted concerning practices that benefit carriers over drivers.

Trucking Company Secretly Moving Meth Hidden Within Shipments of Vegetables, Unsealed Indictment Shows

A recently unsealed indictment has revealed allegations that a trucking company was secretly operating a statewide network, leading to the seizure of nearly 13,000 pounds of methamphetamine and dozens of guns. Federal prosecutors described the organization as “sophisticated” and operational “for well over a year,” giving “the appearance of being a legitimate transportation business.”

Triumph Financial: Average Factored Invoices Fall Again In Q2

A weak freight market led to disappointing earnings for Triumph Financial, a trucking-focused bank, but CEO Aaron Graft emphasized long-term strategy over short-term performance in his quarterly letter to shareholders.

How Owner-Ops Feel About Broker Transparency

Broker transparency and the enforcement of 49 CFR 371.3, which covers broker record-keeping and carriers' right to review these records, are hotly debated in the trucking industry.

Port of L.A. Container Volumes Up 14%

U.S. West Coast ports are ending the first half of the year with strong trade volumes, driven by an early peak season, solid consumer spending, and threats of a labor strike at East and Gulf Coast ports.

Carrier Review: Lubana Trucking 🏆

Carrier Review of the week presented by CarrierSource! CarrierSource helps you find the best carriers to move your freight. Bringing trust to the logistics industry with authentic reviews alongside FMCSA safety, compliance, and insurance information. Carrier Review: Lubana Trucking.

Trump's VP Pick Supports Trucking Priorities

Former President Donald Trump has chosen Ohio Republican Senator J.D. Vance as his running mate. Vance supports key legislative priorities for truck drivers, co-sponsoring the Truck Parking Improvement Act, which allocates $755 million for truck parking, and the DRIVE Act, which opposes mandatory speed-limiting devices on trucks.

Deadly Derecho Slams Midwest On Monday

A powerful derecho that swept through the Midwest caused significant damage in the Chicago area. Hurricane-force winds toppled power lines, overturned semi-trucks, and damaged property. Interstate 55 remains closed in some areas due to the extensive damage.

Cass Shows Decline In June Freight Data

Freight volumes and expenditures continued to decline in June, according to data from Cass Information Systems. The Cass Freight Index showed a 6% year-over-year decrease in shipments, marking the largest decline in five months.

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