Freight Reports
Active Freight Brokerages Begin Stabilization
The decline in active freight brokerages seems to have stabilized since the fourth quarter of 2024. In January, the net decrease was just 63, bringing the total to 25,271.
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Freight Reports
Q1 2025 Economic Freight Outlook: Motive
The outlook for cross-border trade with Mexico and the trucking market is strong as we enter 2025, driven by steady demand and ongoing supply chain shifts.
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Canada and Mexico Strike Back
In retaliation, both Canada and Mexico have announced their plans to impose matching tariffs on U.S. imports. Canada, a significant supplier of agricultural goods and consumer products, will target up to $155 billion worth of U.S. goods.
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Carriers Seek $2.6M In Unpaid Loads From Convoy
Hundreds of unpaid motor carriers are named as defendants in a lawsuit filed by Swiss Re, the bonding company that backed Convoy.
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Ocean Transit Times Rose In Q4
Businesses relying on ocean freight are experiencing significant shipping delays as the global average transit time for ocean shipments rose to 68 days in the fourth quarter.
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Tracking Freight Spend Across the US
The latest U.S. Bank Freight Payment Index indicates that truck freight shipments and spending continued to contract in the third quarter of 2024, albeit at a slower pace than earlier in the year.
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Man Charged with Fraudulent COVID Trucking Loan
A Florida man has been indicted on multiple charges for allegedly stealing the identification information of his deceased business partner to secure COVID-19 business loans from the government.
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Transportation Prices On The Rise In October
After months of uncertainty, transportation pricing is showing signs of recovery, indicating a potential shift towards a more optimistic freight market.
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Chinese Logistics Giants Expand to U.S.
Logistics operators with ties to China are expanding their warehouse space across the U.S. in response to significant shifts in sourcing, manufacturing, and global trade dynamics.
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Manufacturing Production Down Ahead of Election: PMI
October's PMI is the lowest recorded in the past 12 months and is 1.4% below the 12-month average of 47.9, with March recording the highest level at 50.3.
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Landstar Dealing With Owner-Operator Issues
A decline in capacity is typical during low-rate environments, and Landstar has seen a continuous decrease in owner-operator counts for the past 10 quarters.
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Spooky Season: Halloween Freight, Trends, and More
As Halloween approaches, shoppers can expect to see an increase in candy prices, particularly for popular brands like Hershey and Mars. According to recent data, cocoa prices have doubled since the beginning of 2024 and are projected to remain high through at least September 2025.