Freight Technologies reports a record number of active carriers in its Fr8Fleet brand at end of August 2023, an increase of 60.8% versus year-ago levels and an increase of 55.7% versus YTD average capacity levels through August.
Truck rates are low, which has led to the conclusion that trucking capacity is too high.
After a cooling-off period ordered by the Biden administration, railway companies and workers reached a five-year agreement in mid-September that would extend back to 2020. But not all rank-and-file members have agreed to this measure. And if all of the parties do not sign on, it’s back to the possibility of a rail strike.
Greg and Pamela discuss Uber's new freight plans, the Center for Produce Safety's Research Symposium and a hot market for California Avocados. Memes, cats, dogs and avocados -- what else could you ask for?