July 27, 2016 - Industry News
Phrases such a “challenging freight market” and a freight environment that’s “less attractive” continued to be some of the buzz words Wednesday as another raft of second quarter corporate earnings washed ashore, while one company defied the trend with its net income soaring more than 300%.
Tags: Economy, Covenant Transport, Roadrunner Transportation, Knight Transportation, Echo Global Logistics, Covenant Transportation Group, Fleet Earnings
China has taken a key step toward developing an international economic corridor for trade with the European Union and the rest of the world with the ratification of the United Nations TIR Convention.
Tags: China, Global, United Nations
Same-dealer sales volumes of Used Class 8 trucks recovered in June, posting a double digit month-over-month increase following a sharp decline in May.
Tags: Class 8, ACT Research, Used Trucks, Used Truck Sales
National average spot freight rates for dry vans and reefers each slipped slightly over the past week while the average flatbed rate made a small gain for the third consecutive week, according to new figures from DAT Solutions, based on its network of load boards.
Tags: Spot Freight, Freight Rates, DAT Solutions
While new orders for manufactured durable goods plunged in June, a closely watched economic indicator shows a gain for the first time in three months, as a separate report shows a big hike in new home sales and another is calling for even better retail sales.
Tags: Economy, Retail Sales, Durable Goods, Manufacturing, Home Sales
July 26, 2016 - Industry News
The second quarter earnings season continued on Tuesday with companies ranging from a fleet and 3PL to a trailer maker and mega-dealer, with all but one reporting higher earnings than the same time last year.
Tags: Economy, Truck Sales, 3PL, Rush Enterprises, Earnings, Wabash National, C.H. Robinson, Hub Group, Fleet Earnings
Money is lending credibility to a new crop of Uber-like trucking startups, with two large investment firms recently spending millions of dollars to fund the startups Transfix and CargoX.
Tags: Investment, Freight, Load Board, Uber, Shipping Service, Freight Uberization
July 25, 2016 - Industry News
The American Transportation Research Institute has launched the 2016 Top Industry Issues Survey, collecting information from industry stakeholders on the top issues affecting trucking,
Tags: Survey, ATRI, Industry Concerns
July 25, 2016 - Product News
Fleet and safety management software company Gorilla Safety has developed Gorilla Trax, a GPS asset and vehicle tracking technology.
Tags: GPS, Vehicle Tracking, Asset Tracking, Gorilla Safety
Omni Holdings’ offshoot Omni Specialized will be in full operation after it acquired the flatbed assets of Tennant Truck Lines, the company announced.
Tags: Flatbeds, Mergers & Acquisitions, Tennant Truck Lines
July 22, 2016 - Industry News
A new preliminary report shows U.S. manufacturing rising this month at its fastest pace since November 2015, following a post-Great-Recession low in May – "an encouraging sign of revival," says financial information services provider Markit.
Tags: Economy, Manufacturing, Home Sales, Leading Economic Indicators, Home Building
Profits for two trucking companies turned lower in the second quarter of the year while a third moved into the red, according to newly released earnings reports.
Tags: Economy, Werner Enterprises, Forward Air, Swift Transportation, Freight Rates, Fleet Earnings
July 21, 2016 - Industry News
In preparation for the Democratic National Convention, PennDOT is reminding drivers that the Interstate 95 restriction near Philadelphia will start on July 23 at noon.
Tags: Pennsylvania, Department of Transportation, Philadelphia, Road Closure
The American Trucking Associations has named four new members to senior leadership positions, according to the federation’s new president and CEO, Chris Spear.
Tags: ATA, Leadership, People, Lobbying
July 21, 2016 - Product News
CarriersEdge is offering a new Border Crossing/C-TPAT training course for drivers, covering security and threat awareness, security inspections and successful border crossing.
Tags: Cross-Border Trucking, Driver Training, CarriersEdge
Spot truckload freight rates switched patterns over the past week, following seasonal highs hit by vans and reefers and a decline in flatbeds, as overall cargo volume was lower than anticipated, according to DAT Solutions and its network of load boards.
July 20, 2016 - Industry News
Truckload linehaul rates in June were nearly the same as the month before, but they are still below levels from a year ago, while there seems to be no end to the recent drop in rates for intermodal shipments.
Tags: Economy, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Freight Rates, Freight Capacity
Asset-light trucking and related services provider Landstar System reported a 20% second quarter decline in earnings due to lower revenue and a big insurance claim.
Tags: Economy, Landstar, Landstar System, Fleet Earnings
July 19, 2016 - Industry News
Temperature-controlled carrier Marten Transport reported an increase in its second quarter earnings. Although it's another small gain, it did beat analysts' expectations.
Tags: Economy, Marten Transport, Fleet Earnings
Freight shipments and expenditures edged up in June after three months of lackluster performance, hitting their highest levels of the year, according to the Cass Freight Index – but it remains unclear if this is part of a larger trend.
Tags: Economy, Freight Rates, Freight Volume, Freight Capacity, Cass Freight Index
American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index dropped by 1.5% in June, following a nearly 3% gain in May.
Tags: ATA, Freight, Truck Tonnage, Truck Tonnage Index, Economy
July 19, 2016 - Product News
Teletrac Navman has launched a new global software platform, Teletrac Navman Director, for the 50- to 500-vehicle market. It tracks trucks and other assets, collects data for analytics, and provides real-time feedback to drivers.
Tags: Telematics, Information Technology, Teletrac
July 18, 2016 - Industry News
Wisconsin-based Contract Transport Services honors police with a special wrapped truck.
Tags: Contract Transport Services
Anderson Trucking Service is expanding its corporate office in St. Cloud, Minn., adding 20,000 square feet to accommodate current and future anticipated growth.
Tags: Headquarters, ATS, Office Expansion
Trucking and intermodal giant J.B. Hunt Transport Services reported its second quarter profit increased just slightly, falling short of Wall Street expectations.
Tags: Economy, 3PL, Intermodal, J.B. Hunt, Earnings, Fleet Earnings, Dedicated Fleets
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