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This Week in Logistics News (October 29 – November 4)

Logistics Viewpoints

Canoo to build battery manufacturing facility in Oklahoma. The improvement is expected to be temporary, given that an aging workforce and freight demand are both projected to grow. Sentiment from some of the nation’s largest fleets has turned considerably more tepid around freight demand and the outlook for 2023.

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2 Signs That the Freight Recession Really Is Over

DAT Solutions

Together, the ratio and rates offer strong evidence yet that the freight recession is over. Houston to Oklahoma City was down 8¢ to $1.97/mile. Reefer freight is in transition. Meanwhile, the bulk of California freight has yet to hit the spot market. Rates could continue to rise.

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Emergency Freight: What Harvey Tells Us About Irma

DAT Solutions

Less than ten days after Hurricane Harvey, trucks are already moving freight out of Houston, with almost the same volume as before the storm. Houston is also a major freight hub for rail and sea traffic, as well as trucking, including trade with Mexico by land and with South America and other regions by sea. It's just not safe.

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Freight Volume Rebounds to Pre-Pandemic Levels

Zipline Logistics

As we move into the back half of May, the freight market is starting to show signs of an expedited rebound. . Th ese conditions have caused a more favorable freight environment. That is e specially the case for outbound freight in southern states and California where produce season is in full swing. . Logistics? ? .

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Driver Shortage, Driverless Vehicles, and Other Supply Chain Curiosities

Logistics Viewpoints

To demonstrate, one California autonomous vehicle company, TuSimple, tested the efficacy of long-haul driverless vehicles in a recent trek from Nogales, Arizona to Oklahoma City, shaving 10 hours (42%) off of what would otherwise be a 24-hour trip. In a tight market, it never hurts to shop your contracts.

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Spot market settles after Hurricane Florence

DAT Solutions

As people in the Carolinas try their best to return to their normal routines, the freight markets have settled back down into typical seasonal trends following Hurricane Florence. Unlike with Hurricanes Harvey and Irma, the impact from Florence on freight movements was mostly felt regionally. Atlanta to Charlott e fell 17¢ to $2.84/mile.

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The Demise of Yellow Corporation

American Global Logistics

Yellow Corporation: A Brief History Yellow was founded in 1924 in Oklahoma City, Oklahoma. The failure of YRC reverberated through the trucking industry in several ways: Capacity Shift: The sudden closure of Yellow led to a disruption in freight capacity. Yellow's downfall impacted the U.S. trucking industry and supply chains.