AGX Freight Sues Bank, R&R CEO Over Frozen $85M Credit Line
Jacksonville broker says Huntington National Bank and R&R Family of Cos. cut off working capital and left carriers unpaid as Pittsburgh logistics group…
Tess Crawford
Markets, Rates, Fuel & Carrier Business
Tess Crawford tracks the money flowing through trucking, spot and contract rates, diesel and crude markets, fuel surcharges, lane capacity, freight demand, LTL tonnage and yield, plus the carrier-business side: bankruptcies, M&A, layoffs, and insurance pricing. She writes for the dispatcher checking the load board between calls and the small-fleet owner reading the P&L over coffee.
Shops Running 19% Short on Techs, $8,000 Per Trainee to Fill Gap
ATRI: 65.5% of shops understaffed, 62% of new hires arrive with zero formal training. Each empty bay costs $300 a day in downtime.
Russia Eyes Diesel Export Limits as Refinery Runs Hit Multi-Year Low
Ukraine attacks on refineries push Russian run rates down, prompting export restriction talks that could tighten global diesel supply.
Spot Rates Jump 21 to 52 Cents During International Roadcheck Week
Reefer saw the largest single-week increase on record. Dry van loads surged 36%, the biggest jump since January weather.
Petroleum Fleet Rankings Shift: What Carrier Growth Means for Rates
Andrews Logistics and S. Coraluzzo/Torrissi Transport climb in FleetOwner's 2026 petroleum carrier rankings. Two new fleets crack the top 10.
Why Your Trucking Insurance Went Up While Crashes Went Down
Insurers lost $4.9 billion on commercial auto in 2024, the 14th straight year of losses. Premiums climbed 38% since 2015 even as crash rates fell 2.6%.
$49M Nuclear Verdict Hits Texas Carrier That May No Longer Exist
Ector County jury finds OPG Logistics and driver grossly negligent in fatal January crash, but the eight-truck carrier may already be shuttered.
Brent Crude Jumps 3.4% to $108.54 on Iran War Uncertainty
Oil hit $108.54 per barrel May 21 as Iran conflict drags on: diesel costs stay elevated for small fleets.
April Tonnage Flat After Q1 Climb, What the Stall Means for Rates
ATA's for-hire index held at 117.8 in April, up 3.5% year over year but unchanged month over month. The pause follows three months of gains.
RXO Spot Index Up 16.5% in Q1, Q2 Surge Expected
Broker's truckload spot rate index hit a four-year high in Q1 as capacity attrition from regulatory enforcement pushed rates higher despite tepid freight…
Truck Tonnage Holds at 117.8 in April, Highest Since Fall 2022
ATA's seasonally adjusted index stayed flat month-over-month but sits 3.5% above April 2025, marking four straight months without a decline.
Oil Down 2.4%, Gasoline Up to $4.56, Diesel Likely Next
Brent crude fell overnight, but pump prices climbed again. The lag between crude drops and retail relief can run two weeks.