Current news, information and trends in the commercial motor freight industry covering trucking, freight lines and carriers, logistics and classification.
Posted 10/01 · 08:31 AM · LM Editorial
Phoenix-based Knight Transportation, one of the top and most profitable truckload companies, says it is “disappointed” that USA Truck has rejected Knight’s $9 per share, all cash offer to take over the financially ailing Van Buren, Ark.-based TL carrier.
Posted 09/18 · 04:40 PM · LM Editorial
These short 5 questions address the business basics, or essential questions that a shipper should be able to answer for every carrier they use.
Posted 09/13 · 10:02 AM · LM Editorial
Trucking market conditions may result in seasonal pricing power for carriers, according to the Trucking Conditions Index released by freight transportation consultancy FTR Associates this week.
Posted 09/04 · 01:26 PM · LM Editorial
In a letter addressed to Department of Transportation Secretary Anthony Foxx last week, 51 Republican members of the House of Representatives expressed their concern regarding the motor carrier Hours of Service (HOS) final rule, which took effect on July 1.
Posted 08/20 · 01:52 PM · LM Editorial
Seasonally-adjusted (SA) truck tonnage in July fell 0.4 percent following a 0.1 percent gain in June, and not seasonally-adjusted (NSA) index, which represents the change in tonnage actually hauled by fleets before any seasonal adjustment, increased 3 percent from 125.9 in June to 129.6 in July.
Posted 08/12 · 08:10 AM · LM Editorial
Last week, Rotunda Capital Partners, a middle market private equity firm, announced it sold off global logistics services provider Worldwide Express to an investment group, which included a significant investment from Worldwide’s management team.
Posted 08/07 · 10:16 AM · LM Editorial
YRC Worldwide, the largest Teamsters-covered LTL carrier, continued its financial improvement in the second quarter.
Posted 08/02 · 12:30 PM · LM Editorial
Trucking stakeholders holding out hope for the recently enacted motor carrier Hours-of-Service (HOS) regulations to be overturned had their hopes dashed—mostly—in a ruling handed down today by the U.S. Court of Appeals for the D.C. Circuit.
Posted 08/01 · 08:59 PM · LM Editorial
Foodservice equipment and supply company leverages its technology partnership to secure capacity, simplify rates, and cut 12 percent from its transportation spending. Here’s how they did it.
Posted 08/01 · 08:30 PM · LM Editorial
The truckload (TL) business is volatile by nature.