Current news, information and trends in the commercial motor freight industry covering trucking, freight lines and carriers, logistics and classification.
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.
Posted 08/01 · 10:45 AM · LM Editorial
LM Group News Editor Jeff Berman recently spoke with Roadrunner Transportation Systems Inc. President and CEO Mark DiBlasi about the company's acquisition strategy and market trends.
Posted 08/01 · 08:00 AM · LM Editorial
In the past months, ABF Freight System and UPS Freight announced 5.9 percent general rate increases, effective May 28 and June 10, respectively. Con-way Freight will raise its LTL rates 5.9 percent on June 24. On June 10, FedEx Freight announced a 4.5 percent GRI in non-contract base rates effective July 1, and other large carriers are expected to follow suit over the next several weeks.
Posted 07/11 · 10:31 AM · LM Editorial
Regardless of some tangible evidence of economic improvement, one related area continuing to come up short is finding and retaining qualified truck drivers. That sentiment rings especially true when looking at data released today by the American Trucking Associations (ATA) pertaining to truck driver turnover rates.
Posted 07/10 · 10:56 AM · LM Editorial
Trucking conditions in May remained on a similar track as April, according to the Trucking Conditions Index (TCI) released today by freight transportation consultancy FTR Associates.
Posted 07/02 · 03:08 PM · LM Editorial
Ocean cargo carriers comprising the Transpacific Stabilization Agreement (TSA) have announced a guideline peak season surcharge (PSS) of $400 per 40-foot container from Asia to all U.S. destinations, effective August 1.