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Weak freight market conditions continue placing financial strains on transportation providers, said Phil Yeager, president and CEO of Hub Group Inc. “Market conditions have remained soft … largely due to excess truckload capacity that is yet to exit the industry,”…

WASHINGTON — Deaths resulting from large-truck crashes where newly licensed drivers are involved continues to rise, according to recent government data, but a proposed safety requirement that could help reduce those deaths will likely be delayed again. The percentage of…

Ernest Hemingway wrote, “How do you go bankrupt? Two ways. Gradually, then suddenly.” This path is inherent in the rags-riches-rags cycles seen in personal finance arcs to economic bubbles in freight markets. To combat current and future uncertainty in the…

The U.S. Department of Labor announced a final rule on Tuesday that will revise regulations issued under the Fair Labor Standards Act to ensure overtime pay for some salaried and highly compensated employees. Critics say the rule could prove a…

Pam Transportation, the auto industry-focused truckload carrier whose stock has been battered in the past year and beyond, is buying back some of its shares through a process known as a Dutch auction.  Companies buy back their stock frequently but…

OOIDA on regulatory challenges facing owner-operators (Photo: FreightWaves) On Wednesday, FreightWaves hosted its Small Fleet & Owner-Operator Summit, with Todd Spencer, president of the Owner-Operator Independent Drivers Association, as its keynote speaker. 2024 is an election year and for OOIDA,…

[embed]https://youtube.com/watch?v=tp6r9rCvBLM&list=PLVi2PdlRdiSorjbL9KJ0aoeudFXkTMP3R[/embed] Stefan Trifan, president of APL Cargo, sat down with Taking the Hire Road host Jeremy Reymer to share his story of immigrating to the U.S. from Moldova and fulfilling the American dream.  With no experience in the industry, Trifan…

Container cargo flows increased at ports in Houston, New Orleans and Mobile, Alabama, in March, but shipments of crude oil fell slightly at the Port of Corpus Christi, Texas. Port Houston container shipments up 20% in March Port Houston handled…

A Wyoming locomotive engineer is suing Union Pacific (NYSE: UNP) in federal court, alleging he was injured when an AI computer software system caused two locomotives on the train on which he was working to move at conflicting speeds.  Andrew…

Broker Landstar System said it’s readying for an inflection, noting largely normal seasonal trends on its first-quarter call. The fact that it isn’t in cost-cutting mode like the asset-based operators is a bit of a reprieve from the carnage this…