Women are underrepresented across the board in transportation and logistics, with just over 20 percent of managers in transportation, storage and distribution identifying as female.
Leading transportation management and logistics service provider SEND Transportation has integrated Trucker Tools’ Smart Capacity into its operations.
Highway Angels can be nominated by their employers, fellow drivers or the people they assisted. After the nomination comes in, the TCA verifies the details of the nomination before recognizing the driver.
Parker said the company has been pleasantly surprised by the rate increases they have seen when negotiating contracts with existing customers, noting that many are coming in between 4 and 5 percent.
The Truckload Carriers Association has been recognizing Highway Angels, or professional truck drivers who demonstrate compassion and courage on the road, since its 1997 inception. Recently, seven standout drivers received the honor for acts of heroism performed.
Covenant Transportation Group (NASDAQ: CVTI) posted adjusted earnings per share (EPS) of $0.27 for the first quarter of 2019, beating analyst estimates and edging past the expectations the company itself announced earlier this quarter.
While volumes in Fresno are climbing, Houston volumes have dropped over 20 percent during the last two weeks after starting the month strong.
Retail rebounded from a disappointing February in March, with the growth rate climbing from 2.2 percent to 3.6 percent year-over-year. It was one of the strongest rebounds seen in the retail sector since mid-2017.
The company issued soft second quarter guidance, expecting organic net sales to range anywhere from flat to down 2.5 percent from the second quarter of 2018. The company also expects adjusted EPS to fall next quarter.
Tesla (NASDAQ: TSLA) badly missed analysts’ earnings estimates for the first quarter of 2019. The company reported an adjusted loss per share of $2.90, much worse than analysts’ estimated loss per share of $0.69.
Inventories that were stored in warehouses late last year are expected to flow into the wider economy in the second and third quarter, bolstering freight demand.
Technology is disrupting the logistics industry at a breakneck pace, and brokerages are not exempt from the changes. While new technologies are intended to help companies run smoother, the implementation process can be riddled with challenges.
The company posted an operating ratio (OR) of 66 percent, improving on its fourth quarter 2018 OR of 67.8 percent and setting a first quarter record.
The company issued a soft outlook, predicting fiscal year 2019 all-in sales growth from in-line to up 1 percent versus 2018, including a negative impact of 3 to 4 percentage points from the combination of negative foreign exchange and a modest positive impact from acquisitions and divestitures.
One representative who voted against the bill, Jack Hennessy (D-Bridgeport), was a career truck driver.
Both companies share a common goal – giving small companies the leverage they need to play in the big leagues.
The committee will consider topics like development, refinement and implementation of policies, programs, initiatives, rulemakings and security directives.
While outbound tender volumes climbed on the national level during this same time frame, the increase was small compared to the jumps seen in the Midwest markets.
Schneider Logistics published its 2019 Transportation Industry Review, arming shippers with the information they need to make short- and long-term distribution plans, budget freight costs and provide industry context to their broader audiences.
Choptank Transport is on a mission to turn its remaining manual processes into more efficient digital strategies. The quick-growing logistics service provider is hopeful that the transformation will bring revenue growth and help scale the business.
The drop in cargo ton miles was consistent with market expectations.
A former employee sued the employer and the payroll company on multiple claims, including breach of contract, negligence and negligent misrepresentation.
Motorists were in a pinch after load of crabs spilled onto a Virginia street Saturday afternoon. Further north in Wisconsin, spilled milk closed a roadway down for several hours.
FreightWaves, in partnership with Nodal Exchange and DAT, launched the world’s first financially settled Trucking Freight Futures contracts at 9 a.m. Friday, March 29. The first trade came through within 20 minutes of opening, at 9:18 a.m.
FreightWaves, in partnership with Nodal Exchange and DAT, launched the world’s first financially settled Trucking Freight Futures contracts at 9 a.m. Friday, March 29. The first trade came through within 20 minutes of opening, at 9:18 a.m.
Trucks designed to haul freight on highways are becoming much more sophisticated in China. Thanks to standardization, trucks now have the ability to do drop and hook, according to Perkins. Trucks are also being upgraded to more modern emissions systems.
In December 2018, the Federal Motor Carrier Safety Administration (FMCSA) denied 10 exemption requests.
Detention time has climbed over the last couple of months, in conjunction with a stabilizing freight market.
While the electronic logging device (ELD) mandate has indeed improved hours of service (HOS) compliance, a recent study found that the mandate’s potential safety impacts, which are often discussed, have not come to pass.
This month’s J.D. Power Commercial Truck Guidelines industry update reflecting falling demand.
After posting record earnings for the fourth quarter of 2018, the company is expecting its first quarter earnings to take a hit from lowered demand in the early months of 2019.
The overall winners were announced during TCA’s 81st Annual Convention in Las Vegas, Nevada on Monday, March 11.
One session at TCA’s 81st Annual Convention, dubbed “Helping Your Independent Contractors When You Can’t ‘Help’ Them,” examined how motor carriers can enhance the experience of the owner-operators they contract without putting the “arm’s length” relationship in jeopardy.
TCA Retention Coach Ray Haight will speak at the National Recruiting and Retention Symposium in Ontario, Canada next month. The symposium, powered by TransRep, will focus on educating transportation industry leaders about recruitment, retention and human resources issues.
The logistics industry has been bombarded with years of overdue technological advancement ever since the electronic logging device (ELD) mandate went into effect. Technological advancement in the space has only increased since that pivotal moment, and brokerages have not been exempt from the pressure to keep up.
It is no secret that truck driving can take a toll on one’s physical wellbeing. From obesity to smoking, drivers consistently experience more risk factors for serious disease than other Americans. However, it is becoming clear that their mental health also takes a hit.
FreightWaves, Nodal Exchange, DAT and ABInBev hosted the seventh Freight Futures Road Show in St. Louis on Wednesday, February 27. The show introduced transportation and logistics leaders to Trucking Freight Futures.
About 40,000 pounds of broccoli was scattered across a metro Atlanta freeway after a truck overturned earlier this month. The broccoli was not met with the same zeal from passersby as last month’s frozen chicken spill.
Colorado Governor Jared Polis has signed a bill that will allow drivers between the ages of 18 and 21 to operate a commercial vehicle for the purpose of interstate commerce in the state if and when they are permitted to do so by federal law.
New York has banned empty tractor trailers from portions of the New York State Thruway and some interstates in the western and central parts of the state due to high winds.
Jack Cooper Transport Company has announced its intention to stop yard management operations and lay off 425 employees at its Louisville, Kentucky terminal.
Food and beverages were among the top commodities targeted in North American cargo theft incidents last year, according to a recent report from BSI Supply Chain Services and Solutions.
The transportation giant will be using cloud-based software applications Load Track and Smart Capacity to improve its processes and make working with Schneider’s logistics division as seamless as possible for carriers and drivers.
There are currently about 30,000 carriers on the Uber Freight network, according to the company. That number is expected to continue to grow.
Electric vehicle startup Rivian announced a $700 million funding round led by Amazon (NASDAQ: AMZN) today, February 15. The investment comes after the Michigan-based company unveiled its all-electric R1T pickup and R1S SUV last fall.
San Francisco-based logistics provider Flexport is rumored to be in talks to raise about $500 million in a deal lead by SoftBank Group Corp. (OTC US: SFBTF), according to an article published on Axios Wednesday.
Driver detention has plagued the trucking industry for years,. Now that the electronic logging device (ELD) mandate is in effect and fleets are decked out with more technology than ever, carriers have a better view of just how much detention is costing them.
Driver detention has plagued the trucking industry for years. Now that the electronic logging device (ELD) mandate is in effect and fleets are decked out with more technology than ever, carriers have a better view of just how much detention is costing them.
Forbes has named Covenant Transport (NASDAQ: CVTI) one of America’s Best Employers For Diversity in 2019. Coming in at number 463, Covenant was the only truckload carrier to make the list.
Sponsored by Redwood LogisticsRedwood Logistics announced its acquisition of Strive Logistics Monday, cementing Redwood’s place as a top-15 truck broker and an emerging multimodal logistics provider with over $1 billion in freight under management.
Average length of haul has been trending up since October 2018, according to TCA data housed inside FreightWaves’ SONAR.
Old Dominion’s operating ratio (OR) improved 520 basis points in the fourth quarter, moving from 83.9 percent to 78.7 percent year-over-year. This is the third quarter in a row the company has posted an OR under 80 percent.
Werner Enterprises (NASDAQ: WERN) reported strong earnings in the fourth quarter of 2018, posting a diluted earnings per share (EPS) of $0.77. This topped analyst expectations, with the average estimate of 10 analysts surveyed by Zacks Investment Research coming in at $0.68.
Sponsored by Redwood LogisticsThird-party logistics (3PL) companies are attractive investments for private equity firms, enabling new companies in the space to grow faster than ever before. FreightWaves and Redwood Logistics teamed up to host a webinar on how the availability of private equity is shaking up the transportation space.
The Transportation Intermediaries Association (TIA) announced the appointment of three new vice presidents as part of its ongoing growth plans. With over 1,700 members, the association is the leading organization devoted to the North American third-party logistics (3PL) industry.
A professional truck driver attempted to cross a wooden bridge in rural Arkansas despite posted weight limit signs last week. Both the truck and the bridge ended up being submerged in the river below.
Their good deeds range from simple acts of kindness, such as fixing a flat tire, to heroic life-saving efforts, such as pulling someone from a burning vehicle and administering CPR.
The competition is open to all for-hire trucking companies operating 10 trucks or more in the United States or Canada. There is no cost to participate, and fleets do not have to be TCA members.
Schneider National (NYSE: SNDR) reported strong earnings again in the fourth quarter, beating analysts’ earnings per share (EPS) estimates of $0.46. The transportation giant posted adjusted diluted EPS of $0.49, up from 2017’s fourth quarter result of $0.33.
Driver detention has been causing headaches and lost wages for years, but the ELD mandate has shone a spotlight on the issue like never before. For the first time, carriers have the data to back up what they have always known.
Driver detention has been causing headaches and lost wages for years, but the ELD mandate has shone a spotlight on the issue like never before. For the first time, carriers have the data to back up what they have always known.
The spotted lanternfly is an invasive species from Asia that first appeared in Pennsylvania in 2014. Despite efforts to control the insect, known to be a prolific eater and breeder, it continued to spread. The bugs have now been spotted in Pennsylvania, New Jersey, Virginia, Maryland, Connecticut, Delaware and New York.
Covenant Transport (NASDAQ: CVTI) reported record revenue in the fourth quarter, beating analyst projections by $10.72 million. The company announced $272.3 million in total revenue, a 33.9% increase compared to the fourth quarter of 2017.
TCA data housed inside FreightWaves’ SONAR indicates that just over 17% of the average truckload carrier’s utilized drivers identity as owner operators or independent contractors. That number has stayed fairly consistent over the last couple years and represents a significant percentage of drivers,
Sponsored by Redwood LogisticsWhile Redwood has moved freight in and out of the Southeast for quite some time, this acquisition provides the company with strong operational presence in the region. This geographical expansion is a key component of Redwood’s overall acquisition strategy.
The finalists were selected based on their safe driving records, their efforts to enhance the public image of the trucking industry and their overall contributions to their individual communities.
Class 8 truck orders dropped dramatically in both November and December, with orders dropping below deliveries in December.
Class 8 truck orders dropped dramatically in both November and December, with orders dropping below deliveries in December.
In the midst of the driver shortage and a growing economy, technology can be invaluable to brokers at third-party logistics providers working to secure reliable capacity for their customers.
After hosting two game-changing events in 2018, FreightWaves plans to shake up the conference circuit again this spring with Transparency19.
A truck hauling frozen chicken crashed in rural Alabama last week, spilling plastic-wrapped tenders onto the highway. The local sheriff’s office had to warn people against stopping to pick-up dinner from the scene of the accident.
The TCA Profitability Program, or TPP, is an exclusive performance benchmarking initiative. The program’s aim is to help member carriers improve performance and profitability.
The Wyoming Department of Transportation is embarking on a mission to improve safety conditions on a stretch of Interstate 80 that is prone to brutal winter conditions and high crash rates.
The existing U.S. 301 has been converted to a local roadway, with truck restrictions in place except local deliveries, according to the Delaware Department of Transportation.
TriumphPay presented its product to a room of 1,000 transportation, technology and finance executives at MarktWaves18 in Dallas, Texas.
Trimble introduced a blockchain solution based on Hyperledger Fabric and demonstrated smart contract prototypes at MartWaves18 in Dallas for a group of transportation, technology and finance executives.
The spike in revenue per driver per week came alongside record container volumes at the Los Angeles, California ports. Both Los Angeles and Long Beach experienced a standout October in terms of loaded inbound container volume.
The Trucking Alliance is made-up of several well-known transportation companies, including Cargo Transporters, Dupré Logistics, JB Hunt Transport, KLLM Transport Services, Knight-Swift Transportation, Maverick USA and U.S. Xpress.
The liquor was stolen when the truck driver hauling the load stopped for dinner at Tampa Truck Stop on U.S. Highway 301. Sometime during the course of his meal, the driver noticed the trailer was no longer attached to his truck.
Riverside Transport is making strides toward helping drivers achieve better health in 2019. The carrier, which prizes itself on its driver first culture, offers drivers access to gym memberships and nutrition education to help them make better food choices.
Contract Transport Services granted a popular Christmas wish for nearly 100 children: a brand new bicycle. The company gave the bikes to Green Bay, Wisconsin-area children in need this month. The effort was part of the CTS’s 4th Annual Holiday Bike Drive.
Alabama Motor Express is celebrating 30 years in business by performing 30 acts of kindness that touch both the trucking and logistics industry and the wider Alabama community, including raising driver wages and donating time and supplies to a local homeless shelter.
Werner Enterprises (NASDAQ: WERN) and CRST International made the list of 2019 Military Friendly® Companies. The only two truckload carriers to receive the designation, both companies were recognized for their commitment to supporting veterans and their families.
The number of trucks sold at auction rose to a more typical level in November, but pricing was unstable. Pricing trended lower with less consistency.
In the second installment, P&S Transportation Vice President of Human Resources Kim Daigle will provide carriers with practical ways to recruit more women drivers.
Two-axle vehicles without a special pass will rack up a $3.92 toll if it travels the entire stretch of road. That number climb to $7.84 for three-axle vehicles and $15.68 for four-axle vehicles, according to rates posted by North Carolina Turnpike Authority.
From driver health concerns to snow build-up on equipment, braving the winter months often requires carriers to plan in advance. Spireon hosted a webinar in collaboration with FreightWaves earlier this week to offer carriers tips on how to best prepare their drivers and their fleets for winter weather.
FreightWaves announced the Freight.Tech 25 at MarketWaves 18 last month. The list highlights the most innovative and disruptive companies in transportation and logistics. Digital freight broker Loadsmart snagged the number 22 spot on the list with its automated platform, which allows for server-to-server booking with no human interaction.
FreightWaves Founder and CEO Craig Fuller interviewed Chris Henry, program manager of the TCA Profitability Program, about TPP and Truckload Indexes during Henry’s recent visit to FreightWaves’ Chattanooga, Tennessee headquarters.
Analysts agree that freight market improvements are likely to slow in 2019, and carriers need to prepare now in order to weather the slowdown as effectively as possible.
Omnitracs Senior Data Scientist Emilie Worsham made the case for women drivers using performance and turnover data during Women In Trucking’s latest webinar.
Drivers traveling through Birmingham, Alabama should expect to spend extra time getting around the city for the next 14 months. Interstate 59/20 through the downtown area is expected to close for construction in January 2019. The anticipated reopening date is March 2020.
It is not uncommon for trucking business owners to receive unsolicited offers to purchase their businesses. These instances have become more prevalent in the current market, thanks to a combination of factors, including the driver shortage and buyers’ ability to pay.
FreightWaves Founder and CEO Craig Fuller interviewed Truckload Carriers Association Vice President of Government Affairs David Heller about some of today’s most relevant issues facing the truckload industry during Heller’s recent visit to FreightWaves’ Chattanooga, Tennessee headquarters.
While some truckload carriers tend to treat their brokerage operations as hobbies or support functions, Chattanooga-based Covenant Transport (NASDAQ: CVTI) is committed to fostering a relevant and prosperous brokerage firm with Covenant Transport Solutions. New hire Ben Caplenor, vice president of customer service, plays an integral role in that mission.
Despite many truckload carriers reporting record revenues and strong operating ratios, TCA data housed inside FreightWaves’ SONAR shows an anomalous jump in insurance expenses, spiking as high as 4.45% of total revenue at the end of October 2018.
HealthCheck360 Director of Health Coaching Trent Tangen said poor driver health is more of an epidemic than most people realize, with 69% of drivers being obese compared to 33% of U.S. adults.
FreightWaves announced the Freight.Tech 25 at MarketWaves 18 earlier this month. The list highlights the most innovative and disruptive companies in transportation and logistics. Industry giant FedEx (NYSE: FDX) ranked high on the list, coming in at number eight.
Brokerage revenue spiked as high as 13.67% in June when the spot market was blowing up, but as rates started to fall, revenues followed suit. By August, brokerage revenues sank to just 10.82%.
JD Walker’s son, Lance Cpl. Jeffrey Walker, was killed in Iraq over 11 years ago. In a few short weeks, Walker will deliver a truckload of remembrance wreaths to Arlington National Cemetery in honor of his son and other deceased veterans as part of the annual Wreaths Across America initiative.