Supply chain disruptions and higher inventory costs have industry participants looking to stretch working capital more frequently.
In today’s edition of The Daily Dash, markets remain on fire and indications are it may continue that way for quite a while. Plus, portions of I-10 reopen following Hurricane Laura and hearing impaired truckers seek relief from certain CDL requirements.
The latter half of 2020 looks to bring positive load volumes and favorable conditions for carriers. It appears Q2’s recessionary conditions couldn’t slow the trucking industry.
Some shippers and some specific invoices can be chosen for accelerated payments, but not necessarily across the board
Shipper insights and sentiment for freight rates and volumes over the next three months
US Bank reports declines in freight payment transactions during the fourth quarter. The report signals an improvement on the horizon as truck capacity declines.
Project44 announced on February 25 that it had partnered with U.S. Bankcorp (NYSE: USB) to integrate its Advanced Visibility Platform into U.S. Bank’s freight payment solution. The announcement was made at the 2019 Link retail supply chain conference in Orlando.
The Motiv EPIC all-electric chassis will be installed on Ford F-59 glider chassis at a Detroit Custom Chassis plant. Also, Colorado passes bill lowering the commercial truck driving age and the Port of Long Beach sees near-record volumes.
Driver costs are the highest cost for fleets, surpassing fuel for the second year in a row, according to data from the American Transportation Research Institute.
Hino Trucks will expand its product offerings to include Class 8 vehicles, starting in 2019, the company said this week.
