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☆ FreightWaves CEO on freight fiasco: We're seeing a much more cautious economy in goods demand
  + stars: | 2023-08-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFreightWaves CEO on freight fiasco: We're seeing a much more cautious economy in goods demandFreightWaves CEO Craig Fuller joins 'Squawk Box' to discuss the state of the trucking industry and freight economy at large, why the sector is facing a reset since shipping rates and demand soared to record highs during the pandemic, and more.
Persons: Craig Fuller
☆ Trucking industry undergoing 'bust' cycle in post-Covid economy, says FreightWaves' Craig Fuller
  + stars: | 2023-05-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrucking industry undergoing 'bust' cycle in post-Covid economy, says FreightWaves' Craig FullerCraig Fuller, Freightwaves founder and CEO, joins 'The Exchange' to discuss freight rejections hitting all time lows, challenges in the goods economy contributing to broader economic weakness, and navigating uncertainty from the SVB fallout.
☆ A downbeat economy has left truck drivers facing a slowdown that could get worse than 2008
  + stars: | 2023-05-19 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +2 min
The slowing US economy is hitting truck drivers, and the sector could be heading for worse conditions than 2008. Freight demand has deteriorated over the last year, and per-mile rates for drivers have plunged since the pandemic boom in 2021. For example, drivers are commanding per-mile rates as low as $1.49 per mile, per FreightWaves. Those rates hovered at $3.01 two years ago, and are worse than the levels seen in a brutal 2019 slowdown. Meanwhile, the American Trucking Associations' advanced seasonally adjusted for-hire truck tonnage index dropped 5.4% in March, marking the largest monthly drop since April 2020.
☆ Here's how the SVB fallout impacted FreightWaves
  + stars: | 2023-03-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how the SVB fallout impacted FreightWavesFreightWaves CEO Craig Fuller joins 'The Exchange' to discuss payroll concerns for SVB bankers, the fund impact from SVB's fallout, and the timeline for accessing funds held up in SVB.
☆ Electrifying trucking will mean sacrificing critical weight for heavy batteries, eating into already-slim margins
  + stars: | 2023-02-02 | by ( Bianca Giacobone | ) www.businessinsider.com   time to read: +2 min
An electric long-haul truck in 2030 could be up to 5,328 pounds heavier than a regular diesel truck, experts predict. A battery for an electric truck can be up to 16,000 pounds, according to recent reporting by CNBC. The eCascadia electric semi-truck, which was released last year by truck manufacturer Freightliner, weighs up to 4,000 pounds more than a regular diesel truck, for example. In terms of cargo, that's space for nearly 17,000 t-shirts, 16,000 apples, or one full car less than a non-electric semi-truck could carry. The weight of the batteries "creates significant challenges economically for trucking companies," Craig Fuller, founder and CEO of FreightWaves, a supply chain data provider, told CNBC.
☆ Making America's semitrucks
  + stars: | 2023-01-25 | by ( Robert Ferris | In | ) www.cnbc.com   time to read: +2 min
"Demand for trucks is, I would say, unprecedented," said David Carson, SVP of sales and marketing for Daimler Trucks North America. "We've seen an incredible demand going through Covid and continuing well into next year. Four companies dominate U.S. truck manufacturing: Daimler Trucks, Paccar, Volvo and Traton. Truck makers are spending billions to replace fuel-burning diesel engines with battery- and hydrogen-powered electric systems. Established truck makers, such as the more-than-century-old Daimler, are balancing keeping their particular and often extremely cost-sensitive customers happy in the present, while investing for an uncertain future.
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