Saudi Arabia and Russia this month each elected to extend cuts in production of heavy crude oil through the rest of the year, just as U.S. seasonal demand begins to trend up.
Transportation Secretary Pete Buttigieg appeared before the House Transportation and Infrastructure committee on Wednesday to answer questions about U.S. DOT policies.
A 20% increase in the price of diesel fuel at the pump over the past three months is putting pressure on US trucking costs, and shippers can expect to see their transportation costs creep higher this fall amid seasonal freight demand and a forecast for higher fuel prices and surcharges.
For this edition of Overdrive Radio, DAT Freight and Analytics' Chief Marketing Officer Jeff Hopper speaks to the undeniable spike in double brokering, in identity theft and hop-in, hop-out "take the money and run" and schemes executed by a variety of dishonest players inside brokered-freight networks.
The former Amazon senior executive resigned from the digital-focused forwarder just a year after signing on as chief executive to allow founder Ryan Petersen to step back from day-to-day operations.
Back in April 2021, I mentioned that low pay might have a lot to do with the apparent shortage of truckers. Various courses noted then that the trucking industry’s real problem was retention and that the driver shortage was just a fiction of trucking lobbyists angling for deregulation.
Secretary of Transportation Pete Buttigieg joins the show to talk truck parking from an event in South Dakota dedicated to the issue.
The idea that the trucking industry is facing a severe shortage of drivers has driven the industry from a lucrative boom to a frustrating bust, truckers and industry leaders say.
It was hard to escape the narrative, during the pandemic, that there was a severe shortage of truck drivers who could move goods from one place to another.
As nearshoring efforts continue to ramp up south of the United States border in Mexico, the demand for affordable trucking capacity continues to climb.