Current news, information and trends in the commercial motor freight industry covering trucking, freight lines and carriers, logistics and classification.
Posted 03/02 · 02:40 PM · LM Editorial
Net orders for heavy-duty Class 8 commercial vehicles continue to maintain a strong growth rate, according to data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles. In a preliminary reading of net orders for February, ACT reported that there were 24,300 units ordered in February, which is 3,000 less than January, which came in at 27,300 units and was up 320 percent from January 2010.
Posted 03/02 · 11:51 AM · LM Editorial
An improving market in the trucking sector is apparent, according to the most recent edition of the Trucking Update from FTR Associates, a freight transportation forecasting firm. FTR said that its Trucking Conditions Index (TCI), which is a compilation of factors affecting trucking, ticked up to 9.1 in January from December’s 7.1, adding that the TCI has seen steady gains since last October.
Posted 03/01 · 01:57 PM · LM Editorial
Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) said yesterday that it has reached an agreement in principle with key stakeholders for a comprehensive restructuring plan.
Posted 03/01 · 01:44 PM · LM Editorial
What are the nation’s private fleet managers doing to help mitigate the costs of two new expensive regulatory initiatives? We found some of the best private fleet operators and most knowledgeable industry insiders to discover how they’re preparing their operations for this ongoing one-two regulatory punch.
Posted 03/01 · 08:39 AM · LM Editorial
Diesel prices saw their single largest weekly price hike since a 14.6 cent increase during the week of June 8, 2009, with a 14.3 gain, bringing the price per gallon up to $3.716, according to data from the Department of Energy’s Energy Information Administration (EIA).
Posted 02/24 · 08:57 AM · LM Editorial
Positive momentum in the trucking sector continued on the right path in January following a decent December, according to data released by the American Trucking Associations (ATA).
Posted 02/24 · 07:00 AM · LM Editorial
Kate Vitasek, Pete Moore, and Bonnie Keith, members of the University of Tennessee's center for Executive Education share their five steps and a series of tips to improve your outsourcing relationship right from the start.
Posted 02/23 · 02:49 PM · LM Editorial
As you probably already know, not too long ago the Federal Motor Carrier Safety Administration (FMCSA) floated the idea of reducing available daily driving time for truck drivers by one hour from 11 to ten hours per day. Needless to say, this was not well received, and not surprisingly, it seems to have become even less popular than it was when first introduced.
Posted 02/23 · 10:11 AM · LM Editorial
Diesel prices continued to surge, with the price per gallon up 3.9 cents this week to $3.573, according to the Department of Energy’s Energy Information Administration (EIA). On an annual basis, diesel prices are up 74.1 cents.
Posted 02/22 · 12:46 PM · LM Editorial
Freight transportation and logistics services provider Averitt Express said today it is making further inroads into expanding its flatbed operation, which launched at the beginning of 2009, when it rolled out flatbed service in eight markets.