Small Fleet Bankruptcies Surge, UPS Deploys Package Sensors, and Truckstop.com Meets Trucker Path | The Morning Minute
In today's episode, we discuss the harsh realities of the domestic surface market as a wave of bankruptcies among small and mid-sized carriers sweeps across the United States. Facing a prolonged freight recession, depressed spot rates, and high operating costs, vulnerable carriers are simply running out of financial runway and filing for Chapter 11. Next, we explore how logistics giant UPS is deploying cutting-edge technology by expanding its use of automated package sensors to virtually eliminate lost parcels. This massive rollout of RFID labels will streamline sorting operations…
The skinny
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