Even as supply-chain costs plummet from pandemic highs, Hamid Moghadam, the CEO of the world’s largest warehouse landlord, claims that warehouse rent prices will continue to rise. Warehouse lease prices “have proven far more resilient than air, ship, truck and train transportation rates which have dropped sharply due to the consumer spending shift from goods to services, inflation and higher borrowing costs.” But now, with markets returning to more normal conditions, warehouse rent hikes are likely to increase.  Read more…

If you’re thinking of becoming an independent truck driver, it is key to remember that “the responsibility for complying with Operating Authority requirements falls squarely on the driver’s shoulders.” You must become completely familiar with “filing fees, the type(s) of authority your business will require and minimum insurance requirements.” Read more…

Craig Fuller, founder/CEO of FreightWaves, American Shipper, and CEO of FLYING Magazine exclaims that Yellow Truck “company failed to make payments to its pension plan. The Teamsters have threatened to strike on Saturday if not resolved. In its weakened state, it’s doubtful that Yellow can recover from this.” With a massive surplus of truckers, a Yellow Truck bankruptcy might remove some of that supply. Read more…