29th Annual Quest for Quality Awards: Truckload’s long distance recovery
Well, you wouldn’t know it by the scores, but the 30 winners represented in these five market sectors have just gone through a few of the toughest operational years of their existence.
By Michael Levans, Group Editorial Director
August 01, 2012
In fact, the number of winners in the category along with the overall scores have ticked up, marking an overall service improvement in this category according to LM readers.
Melton Truck Lines’ 50.62 score in Industrial & Heavy-Haul, FedEx Custom Critical’s 52.16 in Expedited, and Miller Transporters, Inc.’s 54.41 in Bulk Motor are three of the highest scores recorded in this year’s entire Quest for Quality survey.
2012 Quest for Quality Truckload Sponsors
Bulk motor carriers - Winner
Expedited motor carriers
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Putting the renewed strength in the truckload market into a very positive perspective is a report issued by Avondale Partners analyst Donald Broughton, which was released yesterday. Entitled, “Q2’15 Trucking Capacity; Goldilocks Era Continues,” Broughton explained that in the second quarter only 70 truckload fleets failed, or exited the business. That number may seem high to some, but it is not, especially when you consider that the second quarter of 2014 saw more than five times as many truckload carriers, 375 to be exact, exit the business.
Global demand remains stable as packaging equipment providers of all sizes shift focus
Six straight days without a ship waiting for berth
Freight forwarders were relieved to learn yesterday that U.S. Customs and Border Protection (CBP) would be delaying its Automated Commercial Environment (ACE) implementation.
The Institute for Supply Management’s (ISM) August edition of the Manufacturing Report on Business saw its PMI, the ISM’s index to measure growth, fall 1.6 percent to 51.1, following a 0.8 percent decline to 52.7 in July. Even with the relatively slow growth over the last two months, the PI has been at 50 or higher for 31 consecutive months.