Funding
Motive Raises $150 Million
Trucking tech firm is accelerating AI development and expanding rapidly in international markets.
Drew Ryder
Funding
Nevoya Raises Over $9 Million
Startup hopes to make it even more cost-effective to run zero-emission vehicles.
🔧 Maintenance
FleetPride Faces Financial Challenges
A drop in truck parts sales is hurting a highly-leveraged player in the parts business.
Safety
Startup Addresses Pedestrian Safety
California startup is identifying reckless driving behavior around intersections and reporting to law enforcement.
Freight
Freight Volume and Rates Up in April
While freight volume is still lagging, rates are on track for single digit increases this year. A lot is hinging on tariff decisions.
Funding
Optimal Dynamics Raises $40 Million
Fresh round of funding for AI-driven software firm positions it for further growth.
Financials
Trucking Stocks Continue to Lag
Trucking stocks have been oversold since the tariff "Liberation Day." Current pricing is disconnected from their true value, particularly for LTL carrier stocks.
Fuel
Diesel Decline Appears Long-Term
Diesel is down for four weeks in a row and shows no sign of going back up. A recent report from U.S. EIA predicts $62 oil for the rest of the year, followed by a drop to $59 in 2026.
Financials
Truckload Fleets Cutting Expenses
A big drop in fuel prices helped mitigate cost increases in labor, insurance, and maintenance at truckload fleets.
Financials
Truckload Profitability Suffers
The one-way truckload fleets struggled the most in the first quarter with average operating margins slipping negative. Dedicated fleets took less of a beating.
Financials
Truckload Sector Managing Cash Tightly
Despite declining revenues and margins over the past few years, large truckload fleet balance sheets are holding up quite well. They have the borrowing capacity to expand when the time is right.
Financials
Carrier Has Sales Miss, Makes Electrification Move
Right after reporting slowing sales in the first quarter, Carrier Transicold signals commitment to electrification with acquisition of Addvolt.