Current news, information and trends in the commercial motor freight industry covering trucking, freight lines and carriers, logistics and classification.
Posted 08/01 · 04:00 PM · LM Editorial
Carriers are enjoying a solid 2014, but warn of a pending capacity crunch as driver availability worsens amid tighter federal regulations. Bottom line: Shippers who choose not to collaborate with their carriers and streamline operations will most certainly be hit with higher rates.
Posted 07/30 · 09:02 AM · LM Editorial
The report, entitled “Outlook for the Domestic Transport and Logistics Market in 2H14 and Beyond,” takes the view that strong freight levels in the second quarter have left trucking companies in a good position: one in which they need to come up with new plans to handle rising demand. But even with that positive momentum afloat, the report observes that there are some familiar challenges intact, such as a lack of qualified drivers and the regulatory drag from the new…
Posted 07/28 · 10:25 AM · LM Editorial
Anne Ferro, a ferocious advocate for greater truck safety and a constant thorn to truck drivers and some unsafe trucking fleets, says she is leaving as administrator of the Federal Motor Carrier Safety Administration. No successor has been immediately named.
Posted 07/23 · 08:23 AM · LM Editorial
Seasonally-adjusted (SA) for-hire truck tonnage in June dropped 0.8 percent on the heels of a revised 0.9 percent (from 1.0 percent) increase in May and was up 2.3 percent annually.
Posted 07/21 · 11:10 AM · LM Editorial
Amid the talk and coverage about things negatively impacting the trucking industry like increasing regulations, tight capacity, and equipment-related issues and challenges, there is one thing to always remember about the sector: it moves a lot of freight, make that more than a lot, actually.
Posted 07/14 · 10:16 AM · LM Editorial
While overall market conditions are not dire, there is a confluence of factors working together that need to be monitored in the trucking sector, according to the most recent edition of the Trucking Conditions Index (TCI) from freight transportation forecasting firm FTR.
Posted 07/10 · 08:25 AM · LM Editorial
Teamsters retirees from the trucking industry currently enjoy some of the most generous pensions in America—up to $3,500 a month for 30 years of service from any unionized trucking company that contributed to multiemployer pension plans that once covered the industry like a warm fuzzy financial security blanket. But those pension plans, once thought to be the “Cadillac” of all retirement plans, are in deep financial trouble. And there doesn’t appear to be any bailout coming from Washington.
Posted 07/08 · 05:46 PM · LM Editorial
A sharp spike in air cargo demand has been evident ever since the ILWU and PMA began negotiating a new contract several months ago.
Posted 07/01 · 09:00 PM · LM Editorial
Rollercoaster demand levels and uneven freight volumes in 2013 created havoc in one of the more complicated years on record. In 2014, shippers will need to manage with all the savvy and experience that they can muster to get the capacity they need at a rate that’s fair.
Posted 07/01 · 08:55 PM · LM Editorial
The $35 billion less-than-truckload (LTL) market, benefitting from a rebound in the U.S. industrial sector, is enjoying a renaissance after five lean years. And leading LTL executives say it’s about time.