Marcos Galperin is stepping down as CEO of Mercado Libre⁠, the online marketplace often described as the Amazon of South America, after 26 years, transitioning to executive chairman while Ariel Szarfsztejn takes over as CEO starting January 1st. This leadership change occurs as the e-commerce giant continues its impressive growth, having handled 1.8 billion orders in 2024. (See article information in sources).

The ⁠Port of Savannah saw a record-breaking April⁠, handling over 515,000 TEUs, a 17% increase compared to April 2024. This marks the third consecutive month of record container volumes for the port and is attributed to importers accelerating shipments in anticipation of potential tariff changes. (See article information in sources).

Learn about ⁠Werner Enterprises temporarily suspending its 401k matching contributions⁠ as part of a $40 million cost-saving initiative for 2025. This decision follows the company's first quarter operating loss and aims to streamline operations and position Werner for long-term growth. (See article information in sources).

Also preview upcoming Freight Waves content, including new episodes of ⁠What the Truck?⁠ and ⁠Running on Ice⁠, and virtual events like the ⁠Enterprise Fleet Summit and the Supply Chain AI Symposium⁠. You can register for these events by going to live.frightwaves.com.

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Zach and John Paul Hampstead discuss erratic import demand and its impact on supply chains as well as the downgrade on US debt and a slowing housing market.

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Federal authorities arrested 13 alleged members of two rival groups engaged in a violent power struggle in the San Fernando Valley for three years. These groups faced charges including attempted murder and illegal firearm possession, and specifically targeted Amazon, posing as carriers on the platform to steal shipments.

Market conditions have led to the bankruptcy filing of a Wisconsin carrier, Elite Carriers, and its associated brokerage, ECI, Inc.. Three other businesses owned by the same person also filed for Chapter 11 protection, with both Elite Carriers and ECI reporting between $1 million and $10 million in assets and liabilities.

Additionally, US law enforcement has obtained a temporary restraining order against two logistics companies, YDH Express Inc. and YDH International, stopping them from using the US Postal Service with counterfeit postage labels. The companies are accused of shipping thousands of parcels for Chinese customers with fake labels, and the complaint seeks to immediately stop the companies and collect money for financial losses incurred by the postal service.

Looking ahead, tune into FreightWaves TV for new episodes of Freightonomics and The Long Haul today. You can also find recaps of the recent Domestic Supply Chain Summit on the YouTube channel and register for the Freight AI Symposium in Washington DC on July 30th, with a ticket special available through Memorial Day weekend.

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This week on The Long Haul, Adam sits down with Brian Woodring, owner-operator and outspoken advocate for protecting drivers from load board fraud. Brian shares what fraud really looks like behind the scenes, how to spot the warning signs before you get burned, and why carriers need to be more cautious than ever when booking freight. They dive deep into the good, the bad, and the ugly across different load boards—and highlight where companies like Truckstop are stepping up to make a difference. If you’re running spot freight today, this episode is a must-listen. Protect yourself and your business.

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Welcome to a special edition of Truck Tech! Host Thomas Wasson dives deep into the cutting edge of commercial transportation at ACT Expo, talking with experts from Kenworth and Hexagon Agility about the future of zero-emission and alternative-fuel trucks. Highlights from the episode:

Whether you’re a fleet operator, engineer, or just a trucking tech enthusiast, this episode delivers everything you need to know about where the industry is headed.

Learn more: ⁠hexagonagility.com⁠

Don’t forget to subscribe for more ACT Expo coverage and weekly Truck Tech insights: ⁠freightwaves.com/truck-tech⁠

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On Episode 841 of WHAT THE TRUCK?!?, Dooner is coming to you live from FreightWaves’ Domestic Supply Chain Summit. We’re kicking things off with coverage from Austin, Texas, where DOT Secretary Sean Duffy officially signed the English language proficiency executive order. We’ll find out why both truckers and trucking associations cheered this critical move toward road safety. 

Can you say “short sea shipping” five times fast? OpenTug CEO and co-founder Jason Aristides barges right in and gives us a crash course on the power of inland waterways. We’ll find out the crucial role they play in domestic supply chains and learn why tariff turmoil could cause demand to grow. 

Freight fraud as a business model? Overhaul’s Danny Ramon talks about the latest on freight fraud and why it has become so attractive for bad actors. He also shares a Memorial Day cargo alert. 

Plus, Armenian cargo theft ring busted in Southern California; and thieves target Apple products on Pennsylvania highway. 

Catch new shows live at noon EDT Mondays, Wednesdays and Fridays on FreightWaves LinkedIn, Facebook, X or YouTube, or on demand by looking up WHAT THE TRUCK?!? on your favorite podcast player and at 5 p.m. Eastern on SiriusXM’s Road Dog Trucking Channel 146.

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In this two part episode Gary Johnson, Head of Safety and Compliance Strategy at Motive and Daniel Patterson, Director of Safety at Western Express join us to talk about how fleets are using telematics technology and AI to improve safety within their fleets.

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In this episode, we dive into the world of NMFC classification changes. Our guests, Joe Ohr, Chief Operating Officer and Keith Peterson, Director of Operations from the National Motor Freight Traffic Association join us to break down the new ClassIT+ and some of the changes coming to NMFC codes. For more information subscribe to ⁠Check Call the newsletter⁠ or the podcast. You can check out their resources on the new classifications at ⁠www.nmfcchanges.com⁠ &  ⁠www.getclassification.com⁠

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Omnichannel fulfillment provider Stored has acquired Ware2Go from UPS. This deal significantly expands Stored's network by adding 21 new e-commerce warehouses with a combined capacity of 2.5 million square feet of storage space.

In manufacturing news, International Paper Company is restructuring its cross-border operations by closing two facilities in Edinburg, Texas. These plants were responsible for manufacturing containers and paper sheets, with the sheet plant slated for conversion into a warehouse.

On the trade front, US trade representatives held a second round of hearings to discuss imposing punitive fees on Chinese-built, -owned, and -operated ships calling at American ports. The stated goals of these fees are to reduce China's maritime dominance and potentially incentivize American shipbuilding.

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On Episode 840 of WHAT THE TRUCK?!?, Dooner is talking about yet another freight theft in Southern California. The thieves spoofed a bill of lading and made off with a shipper’s freight. Travelers’ Scott Cornell stops by to talk about the rise of strategic theft and why your cargo may be at risk.

President Donald Trump told Walmart to “eat the tariffs,” but is that a realistic ask? With steep 30% tariffs across a lot of Walmart and many other retailers’ items, they’re saying cost increases are unavoidable. Rodney Manzo at Anvyl by Sage breaks down the company’s latest state of the supply chain report, which looks at shipper fears around increasing costs related to tariffs, transportation, and shipping delays. 

The truckload market got tight last week due to International Roadcheck, but can it last? We’ll take a look at the latest data in SONAR’s Trade War Command Center, and we’ll look at how rates, volumes and tender rejections are holding up.

Catch new shows live at noon EDT Mondays, Wednesdays and Fridays on FreightWaves LinkedIn, Facebook, X or YouTube, or on demand by looking up WHAT THE TRUCK?!? on your favorite podcast player and at 5 p.m. Eastern on SiriusXM’s Road Dog Trucking Channel 146.

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Check out the WTT merch store

Visit our sponsor

Subscribe to the WTT newsletter

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