Trucking Industry Faces Freight Recession Amid Market Shifts

Trucking Industry Faces Freight Recession Amid Market Shifts

Logistics expert Mike Regan provides an in-depth analysis of the current freight market recession, dissecting price dynamics in the trucking market. He emphasizes the strategic importance of logistics from an executive perspective, explores shipper-carrier collaboration models, and forecasts opportunities and challenges for the 2024 peak season. This analysis offers valuable insights for businesses to navigate market challenges and seize growth opportunities. It provides guidance for companies to adapt to the current downturn and prepare for future market fluctuations, highlighting the importance of strategic planning and collaboration.

01/20/2026 Logistics Industry Insights
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House Committee Seeks Review of Truck Driver Hours Rules

House Committee Seeks Review of Truck Driver Hours Rules

The U.S. House Transportation Committee is urging the Government Accountability Office to review the Federal Motor Carrier Safety Administration's revisions to truck driver Hours of Service (HOS) rules, focusing on their safety and economic impacts. The review will emphasize the effectiveness of HOS restart rule studies and regulatory impact analyses. This aims to inform future decisions, balancing safety, efficiency, and economic benefits within the trucking industry. The committee seeks a comprehensive assessment to ensure regulations are data-driven and promote both driver well-being and a robust supply chain.

01/21/2026 Logistics
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Supply Chains Urged to Prioritize Cargo Insurance Coverage

Supply Chains Urged to Prioritize Cargo Insurance Coverage

Cargo insurance is a crucial component of supply chain risk management, effectively bridging the gap between carrier liability limitations and standard insurance policies. Its advantages include customization and broad coverage, allowing for flexible adjustments based on cargo characteristics and transportation methods. This enables businesses to mitigate potential losses and ensure supply chain stability. It provides financial protection against damage, loss, or theft during transit, safeguarding businesses from disruptions and financial setbacks. By tailoring coverage to specific needs, cargo insurance offers a proactive approach to managing risks associated with freight transportation.

01/22/2026 Logistics Encyclopedia
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ATA Urges FMCSA to Review Trucking Safety Ratings Over Data Bias

ATA Urges FMCSA to Review Trucking Safety Ratings Over Data Bias

The American Trucking Associations (ATA) is urging the Federal Motor Carrier Safety Administration (FMCSA) to reassess its fleet compliance review process and Safety Management System (SMS) to eliminate geographical bias and address data reliability concerns. The industry widely questions the fairness and accuracy of the current safety rating system, suggesting simplification and avoidance of reliance on CSA/SMS. FMCSA needs to consider all perspectives to improve the assessment system and ultimately enhance road safety. This requires a thorough review of existing methodologies and implementation of necessary changes to ensure a more equitable and effective system.

01/22/2026 Logistics
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Key Players and Trends in Global Cargo Transport

Key Players and Trends in Global Cargo Transport

International freight transport is a crucial link in global trade. Carriers provide transportation services, while shippers represent the demand side. Freight forwarders act as intermediaries, offering services such as chartering, shipping, freight handling, and consulting. These parties collaborate closely to build an efficient and secure transportation system, facilitating global economic development. Their combined efforts ensure the smooth flow of goods across borders, supporting international commerce and supply chains.

09/26/2025 Logistics Encyclopedia
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China's Shipping Firms Face Rising Payment Risks as Freight Rates Fall

China's Shipping Firms Face Rising Payment Risks as Freight Rates Fall

As the number of carriers increases, competition in the transport market intensifies, making it crucial to implement effective measures to ensure timely freight payments. Risks associated with prepaid freight terms need to be clearly outlined in contracts to avoid complications in recouping fees. Furthermore, confirming the actual payer of the freight is essential. Carriers should pay attention to the details of relevant agreements to ensure smooth freight collection.

07/28/2025 Logistics
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Freight Payment Risks Rise as Shipping Competition Intensifies

Freight Payment Risks Rise as Shipping Competition Intensifies

As the number of carriers increases, competition in the domestic transport market intensifies. To ensure timely collection of freight and reduce risks, carriers must carefully draft contracts that specify prepaid freight terms and identify the true payer. Furthermore, shortening freight payment periods and signing agreements with reputable charterers are essential measures to protect interests.

07/28/2025 Logistics
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Carriers Key Roles in Global Shipping Risk Management

Carriers Key Roles in Global Shipping Risk Management

This article provides a detailed analysis of the core responsibilities and obligations of carriers in international shipping, particularly in multimodal transport. It covers aspects such as providing seaworthy vessels, proper cargo handling, and adhering to shipping routes. The article also discusses the definition of responsibilities in cargo receipt and delivery, situations of exemption, and the special liabilities and compensation limits that apply in intermodal transport scenarios.

08/04/2025 Logistics Encyclopedia
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