New research from Noël Perry and Truck Parking Club suggests that truck parking problems are more about operational inefficiencies and a lack of awareness rather than an actual shortage of spaces. Although the U.S. has approximately 23.4 million truck parking spaces, only about 3% of this supply is open for public use, pointing to a vast amount of underutilized capacity.

Bipartisan legislation, the Secure Trade Act, has been introduced in the U.S. House of Representatives to give Congress more control over trade and tariff policy and to incentivize American-produced domestic goods. This bill codifies the 10% tariff baseline on all imports and establishes higher tariffs for China, including a 35% tariff on non-strategic goods and a 100% tariff on strategic goods, phased in over five years.

Truckstop.com announced its acquisition of Denim, a transportation-focused financial technology business and factoring service that automates invoicing. This strategic acquisition aims to help both carriers and brokers better manage and increase security for their businesses, while also reducing time-to-cash and optimizing back-office processes by leveraging Denim's AI and automation to process 75% of payments in under one minute.

Stay tuned to FreightWaves TV this afternoon for Loaded and Rolling and Check Call with Mary O'Connell. Remember to visit live.freightwaves.com to register for upcoming events like F3 and the Cross Border Summit to take advantage of registration discounts.

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