Current news, information and trends in the commercial motor freight industry covering trucking, freight lines and carriers, logistics and classification.
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.
Posted 07/01 · 08:50 PM · LM Editorial
The $300 billion for-hire truckload (TL) sector is enjoying a fairly busy 2014, with most carriers reporting a balanced picture of tighter-than-average capacity against decent if not spectacular demand levels.
Posted 07/01 · 08:00 PM · LM Editorial
Varying estimates from positive to pragmatic existed before the new rule became effective in July 2013. However, the grim reality is that trucking stakeholders are now experiencing substantial losses in productivity due to the change—and in many cases it’s much worse than was predicted.
Posted 07/01 · 11:37 AM · LM Editorial
ATA said it supports laws and regulations mandating the installation and use of electronic logging devices for recording drivers’ hours of service. And ATA added that it advocated for the MAP -21 provision mandating a rulemaking to require ELDs as it maintains these devices will improve HOS compliance as well as safety.
Posted 06/23 · 08:13 AM · LM Editorial
While U.S. shippers may have been surprised by China’s decision to oppose the P3 Network, there had been rumblings of discontent voiced by their counterparts in Hong Kong for some time.
Posted 06/19 · 10:11 AM · LM Editorial
Since the new motor carrier driver Hours-of-Service (HOS) regulations took effect in July 2013, there has been more than a little bit of subsequent criticism aimed at these revised regulations, specifically its restart provision.