Filed in Truckload
Friday, October 30, 2015
Following an announcement made on September 9, when it said it planned to acquire Con-way, an Ann Arbor, Mich.-based provider of transportation and logistics services, including its flagship less-than-truckload group Con-way Freight, Con-way Truckload, and its global 3PL unit Menlo Logistics, for $3 billion, non asset-based 3PL XPO Logistics said today the deal has officially been completed.
Monday, October 19, 2015
Less-than-truckload and transit technology services provider SMC3 said it has acquired Transportation Costing Group (TCG), a provider of activity-based cost modeling software and other profitability management tools for LTL and truckload shippers.
Posted on 10/19 at 10:30 AM
Tuesday, October 13, 2015
There are so many ways to analyze the state of truckload capacity, and on top of that there is, perhaps, no other facet of freight transportation that is so directly impacted by myriad moving parts, whether it be driver availability, rates, demand, weather, the economy, and, of course, federal regulations, among others.
Posted on 10/13 at 11:36 AM
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Thursday, September 17, 2015
The much anticipated final rule for electronic logging devices (ELD) has been pushed back one month from September 30 to October 30, according to the most recent Report on DOT Significant Rulemakings issued by the United States Department of Transportation.
Posted on 09/17 at 10:38 AM
Wednesday, September 02, 2015
Putting the renewed strength in the truckload market into a very positive perspective is a report issued by Avondale Partners analyst Donald Broughton, which was released yesterday. Entitled, “Q2’15 Trucking Capacity; Goldilocks Era Continues,” Broughton explained that in the second quarter only 70 truckload fleets failed, or exited the business. That number may seem high to some, but it is not, especially when you consider that the second quarter of 2014 saw more than five times as many truckload carriers, 375 to be exact, exit the business.
Wednesday, August 19, 2015
The most recent edition of the Truckload and Intermodal Cost Indexes from Cass Information Systems and Avondale Partners showed that truckload and intermodal rates for the month of July were mixed.
Saturday, August 01, 2015
According to the reporting of our veteran trucking correspondent John Schulz, the truckload sector now accounts for about 37 percent of total freight transportation spending in the U.S.—and is by far the largest single piece of the trucking market.
Friday, July 31, 2015
Rumors of transportation and logistics titan UPS acquiring Chicago-based transportation management services provider Coyote Logistics for $1.8 billion have become a reality, with UPS announcing today that the deal is now official.
Posted on 07/31 at 08:52 AM
Thursday, July 16, 2015
For the month of June, the state of truckload and intermodal freight rates was again mixed, according to the most recent edition of the Truckload and Intermodal Cost Indexes from Cass Information Systems and Avondale Partners.
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Monday, July 13, 2015
For May, the most recent month for which data is available, the TCI was 4.91, which was off 25 percent compared to April’s 6.7 and stands as a three-year low for the TCI. The March TCI was 7.3.
Posted on 07/13 at 09:39 AM