For-hire carriers across segments saw revenues slide and margins tighten in 2023, but some industry sectors fared better than others.

Soft market conditions in 2023 placed financial strain on many of the largest for-hire trucking companies in North America. 

Since coming to the U.S. from Sudan in 1999, Lual Akoon has built a new life for himself — as a trucker and an advocate, meeting with legislators and representing drivers nationwide.

The largest for-hire carriers have persevered through a down market with care for their customers and close attention to controlling costs.

Artur Express plans to operate 100 sleeper trucks with Kodiak Robotics’ self-driving truck technology installed in a partnership between the companies, they said.

Over-the-road carriers waiting for an upturn in the freight cycle must make the most efficient use of their trucks’ space to best ride out ongoing market weakness, according to CSCMP.

Werner Enterprises CEO Derek Leathers said patterns emerging in the cargo marketplace point to a long-awaited adjustment that could help lift trucking out of its persistent freight recession.

FedEx Corp. plans to cut as many as 2,000 jobs in Europe, the latest move by the package delivery giant to streamline its global workforce and rein in costs.

Across all areas of the economy, shippers are facing increasing pressure to make their operations more sustainable and to meet environmental, sustainability and governance targets.

 Unionized Canadian border agency staff and the federal government reached a tentative deal on a collective bargaining agreement for more than 9,500 staff, the two sides said June 11.