The third-quarter earnings season is off to a solid start for truckload carriers and transportation companies with exposure to the mode. One of the group's main concerns was whether rate hikes would be enough to offset cost inflation and allow for continuing margin improvement; thus far, they have. Shippers take...
FedEx Freight was fined $30 million after a fatal crash in Texas
FedEx Freight, the FedEx parent corporation's LTL branch, was awarded $30 million in a Texas court for a fatal head-on collision in 2018. On Friday, the award was given out by a jury in Harris County. David Forehand, the driver of a FedEx Freight truck, was found to be 49...
It’s the Great Pumpkin (shortage); shippers are approaching the end of a difficult season
Invasive fungus, harsh weather, and supply chain concerns have plagued pumpkin growers across the United States in the run-up to Halloween this year. According to John Hamby, co-owner of Pumpkin Patch Fundraisers Inc., finding trucking capacity has been a significant challenge this season. "We started shipping around September 15th. "We've...