$110K Chicken Load Traded for Drug Debt, Driver and 11 Others Arrested
Memphis police interrupted an independent contractor unloading frozen cargo behind a hotel. The driver told officers he owed a drug debt. Twelve people face…
Carrier Business
Carrier bankruptcies, mergers, acquisitions, layoffs, earnings, expansion, and insurance market shifts.
Truck financing rates hit 12% as banks exit mid-size fleet market
Three-and-a-half-year freight recession shredded carrier credit profiles while lenders left the sector. Fleets of 50 to 200 units now face a capital squeeze.
Yellow estate settles final four pension plans, MFN backs deal
The liquidating trust closed settlements with the last four pension funds, ending a dispute that earlier versions failed to resolve.
Alabama Carrier Sued for Raiding Logistics Firm's Staff, Customer Data
Imperative Logistics claims Alabama Motor Express hired five employees in rapid succession, then used stolen pricing and customer lists to undercut bids.
Gatik raises $200M to put hundreds of driverless trucks on middle-mile routes
Autonomous freight startup now claims over $600M in contracted revenue and plans to scale from dozens of trucks to several hundred by year-end.
Arrive Logistics to hire 1,000 after Mubadala takes majority stake
Austin brokerage plans workforce expansion, new freight modes, and TMS investment following capital infusion from $60B alternative-asset manager.
85% of New Carriers Failed in Three-Year Downturn
Equipment bought at $110,000 in 2021 is worth $45,000 today. The longest freight downturn in recent memory wiped out most carriers who started during the…
Mexico Cargo Theft Down 37% in 2026, But Violence Hits 76% of Incidents
National Guard reports 2,519 thefts through August, down from 6,263 in 2025. Overhaul data shows 76% involve violence, with central Mexico accounting for 77%…
Private fleets split: ag expands, other sectors stall in 2026
Agriculture-tied private carriers are adding trucks while fleets in other industries hold equipment flat, marking the first sector divergence in private-fleet…
Chris Spear Steps Down as ATA President After Decade Leading Trucking's Largest Federation
Spear exits as the freight recession enters its third year. His successor inherits tort reform battles, 2027 emissions deadlines, and a driver market that…
Former State Trooper Brings Enforcement Playbook to Fleet Compliance
Lance Evans uses roadside inspection experience to vet drivers, challenge DataQ filings, and field regulation questions from K&B drivers.
Volkswagen to Trim Traton Stake, Retain Control at 75%
VW plans to reduce its 87.5% holding in the truck maker to just above three-quarters ownership, keeping voting control while freeing up capital.