FreightWaves NOW

Diesel fuel prices fall to $4.57 Learn more about your ad choices. Visit megaphone.fm/adchoices

John KIngston - Editor-at-Large - FreightWaves This seemed to pop up out of nowhere but the sale of Travel Centers was something that was pushed for quite a while - how did this deal go down? What will be the main effect in the truck stop industry of this acquisition now with Travel Center, Love’s and Pilot Flying J with a large market share of the industry? How does this effect BP’s oil and gas position now that they have a distribution outlet directly to the trucking community? As far as the deal is concerned - is $86 a share a fair price for Travel Centers? Learn more about your ad choices. Visit megaphone.fm/adchoices

Will imports impact the trucking market? Learn more about your ad choices. Visit megaphone.fm/adchoices

Contracted rates are on the move Learn more about your ad choices. Visit megaphone.fm/adchoices

Anne Reinke - President - TIA - Washington, DC Will talk about the new protocols set out by the FMCSA Can also go back to the “bad actors” conversation we had in the Freight Conversation two weeks ago. Who are the “bad actors” she is referring to? What are ways you’d like to see this handled? What conversations have you had with others about this subject and how spread out are the opinions. Learn more about your ad choices. Visit megaphone.fm/adchoices

Expected drop in port volume Learn more about your ad choices. Visit megaphone.fm/adchoices

Thomas Wasson - Enterprise Trucking Expert - FreightWaves Takeaways: UPS trucks might be destroyed versus sold to prevent seeing old trucks on the road with faded graphics Make sure to note if permanent or semi permanent wrapping for trucks, as there is a difference Wrapping trucks with 3M reflective surfaces is legit if you drive mostly at night, helps prevent accidents Wraps and graphics are made with giant printers and designed with pressure sensitive adhesives Cass Transportation Index Report January 2023 (Cass Information Systems) TL:DR: Amidst a mode shift to truckload, shipment volumes fell 3.2% m/m in January. Yet in a moment of unusual stability, overall rates were eerily steady. Learn more about your ad choices. Visit megaphone.fm/adchoices

Spot market getting close to a bottom Learn more about your ad choices. Visit megaphone.fm/adchoices

Ryan Schreiber - Chief Growth Officer - Metafora - Austin, TX What did you learn? A lot of optimism about the second half. A lot of talk about continued investment in tech Seems to be the consensus that rates are close to the bottom. Everyone reminding everyone that the cycle is just returning to normal What were the key themes of the conferences? Given it’s a bank in conference, lots of conversations about M&A. A few things that I saw Lots and lots and lots of strategies better looking to do add-ons over the next 6-18 months.  If you’re a $2M-$15m ebitda business there are lots of prospective buyers. Private equity firms are being cautious about what day B deploy. Those that are early in their investment cycle or invested heavily, those that are later stage are pulling back given the current rate environment. Resetting expectations but Optimism nonetheless Impact of next gen tech - ai and autonomous (when not if) Driving insights to customers Still an appetite for M&A Key takeaways from the events? Conflicting views on 2023 outlook Resetting expectations What are you most excited about coming out of BGSA? The desire to explore more newer applications of tech in theri business. Critical mass of tech adoption Tech is not about replacing people it’s about doing more with the same about of people Learn more about your ad choices. Visit megaphone.fm/adchoices

Tender data continues its stall Learn more about your ad choices. Visit megaphone.fm/adchoices