Since the closure of the third-largest LTL carrier, Averitt Express has seen an influx of 2,000 daily shipments — and hasn’t missed a beat.
The 3PL’s first-quarter update is bearish on truckload rates.
A rail strike could lift spot truckload prices and support a market that’s been soft, sources said. But should a strike continue, expect congestion and higher costs.
Contract rates still face downward pressure, especially for live/live loads.
Hanko Kiessner of Packsize talks to Modern Shipper about how transportation problems can be solved in the warehouse.
German logistics giant DB Schenker on Friday made a big move into the North American trucking market with a deal to acquire USA Truck.
J.B. Hunt Transport Services reported first-quarter results well ahead of analysts’ forecasts Monday after the market closed.
FreightWaves talked with trucker James Card about two extreme weather events that impacted his career.
FreightWaves’ Mary O’Connell and Thomas Wasson sit down to talk about best practices when booking trucks and how to help others avoid rookie mistakes when booking their first loads.
In affiliation with Ryder, FreightWaves’ data team recaps Q4 and highlights the trends that are likely to have an impact in the first half of this year.
Roadmap for Successful Technology Implementation with TruckerTools.com
Lawrence Freight said its latest pay hike for company drivers will move annual wages to roughly $90,000 in 2022.
Truckers in Montana face a high risk of rollovers the next two days, with winds of up to 100 mph in spots (video forecast included).
It is well known that desperation breeds innovation, and many across the logistics industry have certainly found themselves desperate for capacity this year.
FMCSA Deputy Administrator Meera Joshi indicated her strong support for safety technologies during her nomination hearing to take over agency, noting that safety is the common goal of both the industry and the agency.
What should prospective drivers know about Wellington Motor Freight? “That we are the best company to work for, period. We want to be the place that you spend the rest of your career with. Our culture is unrivaled. We don’t employ ‘just a driver,’ we have absolute professionals behind the wheel.”
“You can’t fix things with some nifty perk. It takes the right people with the right attitude as a foundation.” That philosophy has helped Nussbaum Transportation land on the TCA/CarriersEdge Best Fleets to Drive For list for 2021.
Jetco Delivery has instituted detailed programs around safety, driver training and career opportunities to land it among the top 20 on the TCA/CarriersEdge Best Fleets to Drive For list.
Bison Transport said its inclusion on the TCA/CarriersEdge Best Fleets to Drive For list is validation it is moving “in the right direction” as a driver destination.
For Central Oregon Truck Co., inclusion in the annual Best Fleets to Drive For list is validation of innovations and improvements made to attract and retain drivers.
Chief Carriers might be small in size, but it remains large in its approach to drivers, landing among the top 20 fleets in North America in the annual Best Fleets to Drive For contest.
Grand Island Express continues to put drivers first and has been rewarded for those efforts with a nomination to the Best Fleets to Drive For Top 20 for the 10th straight year.
Understanding the differences among truckloads
Sustainability has garnered a reputation as cutting edge and costly. There are ways to embrace environmentalism without breaking the bank. In fact, becoming more sustainable can actually drive profits higher.
Faster, safer, better — these consumer expectations for e-commerce delivery are driving a speed-focused freight market.
Every company aims for maximum profitability. For less-than-truckload carriers, that has meant lowering linear-foot caps from 16 linear feet to 12 linear feet and turning away freight that exceeds those caps.
Whether you’re a large or small business, embarking on the quest for sustainability might feel overwhelming if your operations have been less than planet-friendly in the past.
Universal Logistics Holdings reported $415.2 million in operating revenue during the first quarter.
J.B. Hunt Transport Services updated its long-term division margin targets on its first-quarter call Thursday.
Scientists and government leaders are pushing for a more sustainable supply chain. Consumers are paying attention.
FreightWaves’ JT Engstrom and Ryder’s Steve Martin discuss facets of dedicated truckload operations, including service metrics, pricing levels and driver retention.
Schneider, a premier provider of trucking, intermodal and logistics services, has expanded its digital marketplace – Schneider FreightPower® – to shippers of all sizes.
Third-party logistics provider GSC Logistics plans to add 100 more drivers and 400 chassis to meet the container volume surge on the West Coast.
Tender rejections return to all-time high.
Truck driving can be stressful when carrying unusual freight. These are five fairly odd loads that have been lost.
Spot rates steady well above $3.00 per mile.
Leverage is firmly in carrier’s favor.
The expected rebound for truckload markets did not disappoint.
On this episode of stackd, hostAdam Robinsondetails how one freight company is using shared truckload technology to map out the future for sustainable freight.
Spot rates move up for the first time in 5 weeks.
North American automotive and import opportunities could boost business for Universal Logistics during 2021, CEO Tim Phillips said during the Q4 earnings call.
Universal Logistics’ operating revenues from truckload services in the fourth quarter decreased $8.7 million to $49.8 million.
Schneider National plans to use its strong cash generation capabilities to reinvest in the fleet during 2021. The carrier will also look to allocate growth capital to its dedicated and intermodal offerings.
Flatbed truckload company Daseke beats earnings per share estimates in the fourth quarter but revenue and operating ratios slide. 2021 guidance provides a bit of a mixed bag.
Truck broker Landstar System expects high demand and elevated truckload rates to carry through the first quarter of the year. However, the company’s CEO has a bit of a contrarian “pessimistic” view for the second half.
Truck broker Landstar System set records in the fourth quarter. The company is expecting the high-demand environment and improved truckload pricing to carry through at least the first quarter.
Knight-Swift Transportation reports a big jump in results during the fourth quarter. However, while some may view this as a victory lap, investors appear to be calling the end to the TL trade.
Knight-Swift Transportation capitalizes on strong truckload fundamentals to post much higher year-over-year results. Fourth-quarter numbers came in slightly ahead of expectations and the company’s full-year 2021 guidance remains unchanged.
Fourth-quarter results for Heartland Express displayed a revenue dip on driver employment headwinds but operating income jumped 35%. The company mentions getting back into M&A.
U.S. Xpress announced Monday that Jake Lawson has joined as chief commercial officer and Justin Harness will head the dedicated division.
Many companies have had poor experiences shipping fragile goods in the past. The right partner could make all the difference.
Transfix will integrate project44’s visibility platform into its shipment tracking technology as the first initiative under a multiyear strategic partnership.
Penske Logistics plans to acquire Black Horse Carriers, a Chicago-based trucking company with more than 2,000 vehicles and 4,000 employees.
While some truckload carriers posted significantly better-than-expected results, most saw their shares sag as the bullish trucking trade cooled heading into the third-quarter earnings season.
Heartland Express raises driver pay 6% across the board and as high as 12% for some.
Universal Logistics credits its turnaround to the resurgence of the North American automotive industry, particularly in the light-truck and SUV markets.
USA Truck was able to use a favorable demand backdrop and very tight truck capacity to break a string of four consecutive quarterly losses.
Shares of J.B. Hunt Transport Services move 9% lower after the company fails to meet recently raised analyst expectations. Intermodal service headwinds and elevated costs were the culprits.
Data and commentary point to an earnings blowout for trucking companies in the third quarter with the likelihood of similar results in the fourth quarter. However, headwinds surrounding driver recruitment and retention present a hurdle to the rally.
Flock Freight has added 50 new team members since June.
Soaring demand and a lack of truck capacity have industry participants calling for double-digit rate increases in 2021. UBS transportation equities analyst Tom Wadewitz outlines his bullish call in a note to clients.
Shared truckload offers shippers the opportunity to utilize truckload services to deliver partial shipments – without leaving part of the trailer empty.
Radiant Logistics reports new revenue and earnings records in a fiscal fourth-quarter update. The company has delayed its annual filing and conference call with analysts, citing delays associated with the pandemic.
In today’s edition of The Daily Dash, at least one analyst believes the truckload sector is ready to run. Plus, Amazon drones are set to fly and why Dallas is now the center of the autonomous world.
Shared truckload alleviates LTL pain points
FreightWaves’ JT Engstrom and Tenney Group’s Spencer Tenney sit down at the FreightWaves Carrier Summit to discuss reasons trucking deals are outpacing broader deal flow.
Walmart’s fiscal second quarter comes in well ahead of analyst expectations as e-commerce sales surge. The COVID-related inventory drawdown is a positive for trucking.
The walk-through feature makes it possible to handle cargo within both containers without removing either from the chassis.
While revenue for Universal Logistics Holdings’ truckload, brokerage and intermodal segments all declined during the second quarter, the CEO said he was pleased with the “anticipated direction of our current operations.”
“Cost containment” minimizes the impact of a 15% revenue decline during Schneider National’s second quarter. Guidance was reinstated higher than current consensus expectations.
Management from USA Truck provides upbeat commentary regarding the potential for significantly improved earnings as truckload fundamentals remain firm.
USA Truck’s second-quarter result comes in slightly ahead of expectations, but the carrier extends its losses to four consecutive quarters.
The uptick in shared loads should prompt companies to consider how their dock operations can be optimized for maximum efficiency.
The truckload carriers have reported solid results to start second quarter earnings season, but some load data is still lagging.
J.B. Hunt Transport Services posts a solid second quarter, besting analysts’ forecast by 31 cents per share.
When focusing on the movement of goods, transportation management systems (TMS) provide the engine for digitalization, but do not represent a complete digitalization solution.
Aerospace industry supplier wants to turn supply chain into a competitive advantage.
The concept of shared truckload isn’t new, but technological advancements in the space make the method more viable than ever.
Deutsche Bank analyst Amit Mehrotra favors a few transportation stocks as the second quarter comes to a close.
Canadian environmental services company Aevitas adds flatbed fleet with the acquisition of Fast Lane Freight Services.
Covenant Transportation Group provides an update on the ‘strategic plan,’ announced breakeven results in April during first quarter conference call.
Recent stabilization in truckload markets with a recovery expected later in the year were some of the takeaways from Wolfe Research’s investor conference.
Walmart bested analyst expectations as grocery and household items drive comparison sales 10% higher and ecommerce accelerates 74%.
As demand for flatbed capacity sags, Daseke sees strength in some end markets and continues to push forward with a company-wide overhaul.
Excluding several items, Daseke reported a near break-even first quarter. Demand headwinds in most of the markets it serves have ‘plateaued’ in recent weeks.
ArcBest sees “one of the best first quarters” in company history, but COVID-19-related demand headwinds took a toll on April’s results.
The global pandemic offers industry players the chance to trade competition for collaboration and disrupt the status quo.
Hub Group’s first quarter miss included several one-off expenses unlikely to recur. However, volume headwinds are expected to persist in the near-term.
Small fleets file for Chapter 7 bankruptcy in April
Declines in trucking shipments and spend, current and future, highlight the takeaways from U.S. Bank’s first-quarter Freight Payment Index report.
Carriers are getting more notice to pick up loads. Is this a result of Amazon relaxing their service expectations?
For some essential goods providers, the rush has meant booking full truckload without enough freight to fill the truck.
Anthony and Zach discuss the swelling unemployment numbers as well as the plummeting freight volumes and what the endgame might look like for the COVID-19 outbreak.
Two opposing forces are making the task of transportation management more difficult than ever.
P.A.M. Transportation says it has temporarily laid off approximately 75 employees as auto plant closures increase.
Three months after its formation, Anthym Logistics sells to BlueGrace.
FreightWaves SONAR clients will have access to Truckstop.com rates
The choice depends on the lane, the freight and the rate.
The Truckload Carriers Association (TCA) will bring an opportunity for education and networking to for-hire carriers, private fleets, associates and driver-training school members, as well as prospects, next month.
Fuel card provider WEX Inc. reports a solid fourth quarter but calls out weakness in the trucking market.
