Cargo theft
As cargo theft continues to rise, experts advise on prevention and spotting fraud. The latest data Shows 2022 was a peak in a long trend of increased cargo theft. Thefts using fraudulent identities, in particular, are on the rise, as are thefts in eastern states. Shippers and carriers should be vigilant as new data shows […]
Inflation affecting trucking.
Slowing inflation means the Federal Reserve will slow down its pace of interest rate increases that it implemented to slow the overheated economy. A little over a year ago, the narrative from policy makers was that inflation was “transitory” and nothing to be so concerned about. Then supply chain issues deteriorated, a war broke out […]
Economy
After contracting in 2022, the economy is growing again as employment remains consistent and consumers keep spending despite inflation concerns. The overall U.S. economy might not be as bound for a recession in 2023 as the mainstream media has warned much of this year. But the freight economy might have to start the new year […]
Spot market
Particularly in the last five months, the spot market where owner-operators and many smaller carriers find and price loads to haul has been on a road to recovery after a time when the spot market struggled, load board observers say. Trucking industry experts and load board operators these days describe the spot market for freight […]
Trucking industry
Although forecasts say the first quarter of 2023 will be particularly tough for the trucking industry. Trucking industry remains the most relied-upon freight transport mode in the U.S. High fuel and equipment prices, labor concerns, shipping rates, inflation, talks of a recession, and other economic factors have followed trucking into what is a historically quiet […]
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