News
U.S Bank Freight Payment Index: Q4 Regional Freight Trends
The U.S. freight market showed signs of continued pressure in Q4 2024, according to the latest U.S. Bank Freight Payment Index.
News
Multiyear Overbilling Shipper Scheme
A New Jersey man has been charged with conspiracy to commit wire fraud for his role in a multiyear scheme that overbilled Williams-Sonoma.
News
Nearly $20M In Illegal Drugs Seized
U.S. Customs and Border Protection (CBP) officers at the Pharr International Bridge cargo facility intercepted a massive shipment of illegal drugs on February 4, seizing $19.8 million worth of methamphetamine and $144,500 worth of heroin.
News
Transportation Prices Jump In January: Logistics Managers' Index (LMI)
Transportation prices saw a significant jump in January, according to the latest Logistics Managers' Index (LMI) report
News
January Manufacturing PMI Rises
The manufacturing industry saw growth in January, with the Institute for Supply Management’s (ISM) Purchasing Managers’ Index (PMI) rising to 50.9%, up from 49.3% in December.
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.
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.
News
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.
News
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.
News
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.
News
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.
News
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.