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30
Nov
Large Fleets a Big Target for Pricey Litigation
Larger fleets know the crushing math too well: The more tractors, trailers, and people they have out on the road, the greater their vulnerability is to accidents and, ultimately, the much higher their exposure is to costly litigation. Factor in […]
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28
Nov
Musk Touts Tesla Semi’s Range Days Before First Fleet Gets EV Truck
More than five years since the Tesla Semi prototype was unveiled, the first production models of the electric truck could be added to PepsiCo’s private fleet, which expects to receive the first of its 100 Semis on Dec. 1. In preparation for that […]
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22
Nov
LTL Carriers Dialing Down Labor Expenses as Volumes Sag
Less-than-truckload carriers have been vocal that they will be rightsizing head counts to match a recent pullback in volumes. On Tuesday, XPO (NYSE: XPO) confirmed to FreightWaves that it will be offering voluntary furloughs. “As we’ve done in the past, […]
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18
Nov
October Bountiful For Ports on East, Gulf Coasts
Fall has been fruitful for U.S. ports on the East and Gulf coasts but not as bountiful for at least one West Coast gateway. The Georgia Ports Authority reported Monday that it handled 552,800 twenty-foot equivalent units in October. That’s […]
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15
Nov
Leading LTLs Cutting Headcount, Terminals as Retail Demand Slackens
The retrenchment of the $46 billion less-than-truckload (LTL) industry is beginning as the industry enters its slowest freight demand part of the year. FedEx Freight, the LTL unit of FedEx Corp. and the nation’s largest LTL carrier, said it is laying off […]
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07
Nov
New FedEx Freight Pilot Focuses on Simpler Approach to Pricing
Earlier this week, FedEx Freight, the less-than-truckload subsidiary of global logistics and freight transportation services provider FedEx, announced it is rolling out a new pilot initiative, which it described as an industry changing space and pace pricing pilot for select […]
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06
Nov
MSC Warns of Higher Shipping Costs in EU’s Carbon Trading Scheme
Mediterranean Shipping Company (MSC) has warned clients of higher costs with the inclusion of shipping in the EU’s carbon trading market. The EU emissions trading system (ETS), part of the “Fit for 55 package” to reduce greenhouse gas emissions by […]
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01
Nov
US Trailer Demand Defies Economic Downturn
Wabash National can’t build dry-van and refrigerated trailers fast enough to meet US demand, so the equipment manufacturer is expanding its plant in Lafayette, Indiana, to turn out more dry-van trailers starting in the first quarter and is expanding production […]
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27
Oct
Shipping Rates are no Longer Plunging. Is ‘New Normal’ Near?
Ocean shipping spot rate indexes are still falling. But after months of steep declines, they’re dropping much less rapidly than before. It could be just a temporary plateau before the next leg down. Or it could be something more significant: the […]
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20
Oct
LTL Rating Group Begins Overhaul of Classification System
The organization that oversees pricing in the less-than-truckload industry, in what it has called a major overhaul of its antiquated shipment rating system, said it will consolidate or eliminate a large volume of irrelevant classifications that make LTL transport a […]
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