As the freight market emerges from the Fourth of July weekend, notable shifts in spot market rates and tender rejection rates across various freight types have surfaced. This blog post dives into the latest trends and insights drawn from SONAR…
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As the Fourth of July holiday approaches, the freight market is experiencing significant disruptions. Outbound tender rejection rates, a critical indicator of carrier availability, have surged across most mileage bands, impacting the logistics landscape. Key Insights: Tender Rejection Rates by…
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The trucking industry has been grappling with the increasing frequency and magnitude of nuclear verdicts, which are jury awards exceeding $10 million. These verdicts not only pose significant financial risks but also highlight systemic issues within the industry and the…
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The U.S. Department of Transportation (DOT) has made a substantial investment in the nation’s infrastructure, awarding $1.8 billion for various freight projects and other essential transportation work. This funding aims to enhance the efficiency and safety of freight movement across…
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From July 7 to 13, 2024, the Commercial Vehicle Safety Alliance (CVSA) will conduct its annual Operation Safe Driver Week across the U.S., Mexico, and Canada. This initiative aims to enhance road safety by focusing on reducing unsafe driving behaviors…
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In a significant move to address the chronic shortage of truck parking spaces, the U.S. House of Representatives has approved $200 million in funding aimed at expanding truck parking facilities across the nation. This allocation is part of the broader…
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Cargo theft is a growing problem in the U.S., with losses amounting to $15 billion to $30 billion annually. Recently, California Congressman David G. Valadao introduced the Safeguarding our Supply Chains Act to address this issue. This bill aims to…
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Truck owners have a lot to handle on the road, from ensuring timely deliveries to maintaining their rigs. One issue that often catches truckers off guard is predatory towing. This practice, characterized by unscrupulous tactics and exorbitant fees, has become…
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As we head into the busy summer season, truckers across the U.S. are facing a dynamic and shifting freight landscape. Recent data and market analysis highlight several critical trends that could impact your business operations and decision-making. Here’s what you…
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After more than two months of extensive salvage and restoration efforts, the Fort McHenry Federal Channel in Baltimore has fully reopened, marking a significant milestone for one of the busiest ports in the United States. This reopening is a pivotal…
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