Innovative Logistics Group’s Adam Wingfield says new enforcement power over truckers with drug violations could be a freight capacity game-changer.
Data reveals 2023 will be a record year — by far — for commercial carrier shutdowns ordered by the government for new carriers.
Landstar reports record third-quarter results and calls for a similar performance in the fourth and potentially beyond.
Asset-light trucking and logistics provider Forward Air’s new pay plan incentivizes operators to haul into the country’s more challenging markets.
Freight shipments continue to break records with little signs of slowing. The year-over-year comparisons get tougher in the back half of 2021 but the current supply-demand dynamics may not change all that much.
Management from J.B. Hunt sees the current inventory replenishment cycle sustaining a high freight demand environment through the first quarter of 2021.
In today’s edition of The Daily Dash, a Florida jury awards a plaintiff $411 million in the latest nuclear verdict. Plus, a lack of freight capacity has some worrying about holiday shipping delays, and Toyota and Hino will bring a Class 8 fuel-cell electric truck to the U.S. next year.
FreightWaves Chief Strategy Officer JT Engstrom chats surface transportation outlook with Ryder’s head of transportation management at The Future of Logistics Real Estate summit.
Landstar System raises earnings outlook on higher truck volumes and pricing improvements. New third-quarter expectations are 25% higher than the midpoint of the previous guidance range.
Deutsche Bank’s Amit Mehrotra becomes increasingly bullish on the future of trucking. The analyst is forecasting earnings growth at the publicly traded carriers much higher than that of his peers.
Shares of Daseke surge 20% as the company’s overhaul appears to be ahead of schedule. Second quarter results were better than expectations.
Werner Enterprises’ second-quarter result was much better than expected, with the carrier providing a favorable rate outlook.
Tender rejections are often a leading indicator of spot rates and thus contract rates at a lag.
Relaxing of driver work restrictions provides breathing room to handle volume surge.
Trucking Alliance-backed analysis supports group’s push for federal testing changes.
Truckload carrier heads talk demand, rates and capacity at investor conference.
Daseke has found a permanent replacement for its retired founder and namesake Don Daseke, naming interim CEO Chris Easter to the position. Plus, Valentine’s Day logistics, truckers in Oregon get political and Chinese truck capacity shrinks.
Covenant Transportation continues to reallocate equipment to units with a lower risk profile like dedicated.
Covenant Transportation sees significant year-over-year decline in earnings as excess capacity and higher costs persist.
US Bank reports declines in freight payment transactions during the fourth quarter. The report signals an improvement on the horizon as truck capacity declines.
Founded by brothers Michael and Andrew Leto, Emerge uses its FreightTech 25 award-winning technology to break down traditional barriers to how shippers find reliable truck capacity at competitive rates.
Morgan Stanley eyeing truck capacity constraints and higher rates in 2020, potentially reaching 2018 levels or higher.
The October Logistics Managers’ Index hits record low, suggesting peak shipping season may disappoint.
The Logistics Managers’ Index (LMI) remained level in September. Trends in the capacity index were in-line with truckload capacity coming out of the market. However, inventory build ahead of peak season appears to be light.
Last Week’s Pricing Power Index: 35 (Shippers) The trucking industry operates in a market based on real-time demand and supply. When demand is higher than capacity, carriers gain negotiating power […]
Werner has seen freight fundamentals improve recently and is expecting the truck market to tighten as new regulation is implemented.
The economy remains strong, and capacity tight, although buffeted by some headwinds.
ATA’s Truck Tonnage Index has risen by 2.2% this month after a minor dip in March, and is 9.5% higher year-on-year, indicating a surging freight market.
Lanehub is developing a social network where mostly shippers and carriers come together to identify long term efficiencies by aligning their networks—and they just lined up another round of seed funding.
“We are seeing what you are feeling,” says DAT data analytics consultant, Alex Perry.
Orders for new Class 8 trucks are surging, but used truck prices and workforce growth are weak, suggesting that overall trucking capacity is staying flat.
RoadLaunch, a startup based out of Ontario, Canada, has developed a solution that digitizes the available capacity of trucks and trailers to make the process of getting freight quotes and managing fleets a seamless process.
ELD fine enforcement hit during peak holiday retail season. Watch out for April’s ‘hard enforcement’ period, which will coincide with increased agricultural and construction demand.
Kroger has joined Walmart in charging accessorial fees for late deliveries to their retail stores, citing lost sales of 10% due to spoilage and understocking.
American oil production and the number of rigs should reach record highs in 2018. This is good news for trucking: both demand for truckload miles and overall economic growth will increase.
The seventh and final ELD survey conducted by Morgan Stanley before the Dec. 18 compliance date has found that capacity is expected to tighten about 3.44%, the highest level of all the surveys, the firm said.
