Current news, information and trends in the commercial motor freight industry covering trucking, freight lines and carriers, logistics and classification.
Posted 04/26 · 08:46 AM · LM Editorial
Diesel prices remained above the $4 per gallon mark for the third straight week despite dropping $0.7 cents to $4.098 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Posted 04/25 · 12:01 PM · LM Editorial
YRC Worldwide recently announced it is making “significant progress” in steps it is taking to meet the agreements required in its effort to achieve its financial restructuring objectives by the end of July.
Posted 04/22 · 11:31 AM · LM Editorial
As I expected, NASSTRAC 2011 was replete with terrific content and information. The fact is, had it not been I would have been shocked.
Posted 04/22 · 09:37 AM · LM Editorial
The ATA reported that during the fourth quarter of 2010, truckload (TL) and less-than-truckload (LTL) carriers bumped up their payrolls, with small truckload carriers boosting employment by 0.8 percent within their driver pool and large TL carriers adding 0.3 percent to payroll by adding linehaul drivers and reducing local driver pools.
Posted 04/21 · 11:48 AM · LM Editorial
While the economy continues its gradual recovery, it has become more important than ever for carriers to manage multiple obstacles while re-growing networks and getting back to full strength. That was the main message of three leading trucking and supply chain executives during a panel discussion at this week’s NASSTRAC Logistics Conference and Expo.
Posted 04/19 · 02:35 AM · LM Editorial
Schneider National, the nation’s second-largest truckload carrier which traditionally has been a major player in long-haul intermodal traffic, is increasingly marketing shorter-haul freight options in a major shift that is sure to impact shippers’ choices and rates.
Posted 04/14 · 11:37 AM · LM Editorial
According to TransCore, March load volume was up 23 percent from February and 40 percent annually.
Posted 04/14 · 10:47 AM · LM Editorial
As various factors such as increasing diesel prices, tight capacity, and rate pressure continue to take hold in the freight transportation market, they appear to be taking a toll on shippers, according to the April edition of the Shippers’ Condition Index (SCI) released this week by freight transportation consultancy FTR Associates.
Posted 04/14 · 09:16 AM · LM Editorial
Trucking and intermodal services bellwether J.B. Hunt (JBH) kicked off the first quarter earnings season in style with record net earnings of $50.1 million or $0.40 per share compared to net earnings of $37.5 million and $.029 per share a year ago.
Posted 04/13 · 12:11 PM · LM Editorial
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) fell 1.5 percent in February, following 0.9 percent and 1.5 percent gains in January and December, respectively.