Fleet Management

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July 28, 2016 - Industry News

Trucks Move Bigger Slice of NAFTA Freight, Overall Value Keeps Falling

Percent change in value of U.S.-NAFTA freight flows by mode: May 2015-2016. Graphic: U.S. DOT

A new Transportation Department report shows trucks carried more U.S. freight by value with its NAFTA partners, Canada and Mexico, in May compared to the year before. But declines in all other freight modes led to a 3.1% decrease in the dollar value of cross-border freight, totaling $89 billion.

Tags: NAFTA, Freight

July 28, 2016 - Industry News

Phillips Industries Taps Tom Begin as Tech Leader

Tom Begin

Phillips Industries has appointed Thomas “Tom” Begin to fill the new role of director of innovation and emerging technologies, effective August 1.

Tags: Phillips Industries

July 28, 2016 - Industry News

Overnite Founder J. Harwood Cochrane Dies

J. Howard Cochrane (Family photo)

Trucking pioneer J. Harwood Cochrane, who founded LTL carrier Overnite Transportation Co. during the Depression, died at age 103 on July 25 in Richmond, Va.

July 28, 2016 - Industry News

Earnings Watch: ODFL, Heartland, P.A.M. See Lower Numbers

Trucking companies in both the less-than-truckload and truckload sectors reported lower second quarter profits on Thursday morning.

July 27, 2016 - Industry News

Earnings Watch: Covenant, Knight, Roadrunner See Lower Profits

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

July 27, 2016 - Industry News

China Looks to Revive the Silk Road with UN Agreement

A map of the countries that are part of the TIR system. Source: United Nations Economic Commission for Europe.

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

July 27, 2016 - Industry News

Used Class 8 Truck Sales Jump 15%

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

July 27, 2016 - Industry News

Spot Market Van, Reefer Rates Fall From Seasonal Highs

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

July 27, 2016 - Industry News

Economic Watch: Durable Goods Dive, New Home Sales Jump

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

Earnings Watch: Hub, C.H. Robinson, Wabash National, Rush Enterprises

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

July 26, 2016 - Industry News

Investors Show Increased Interest in Uber-Like Trucking Startups

Image via Transfix

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

ATRI Asks for Input on Industry Concerns

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

Gorilla Safety Offers GPS Asset and Vehicle Tracking

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

July 25, 2016 - Industry News

Omni Holdings Buys Flatbed Assets of Tennant Truck Lines

Photo: Omni Specialized

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

Economic Watch: Manufacturing, Leading Indicators Spark Optimism

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

July 22, 2016 - Industry News

Earnings Watch: Werner, Swift Profits Fall; Forward Air Reports Loss

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

Large-Truck Restriction for Democratic Convention Starts Saturday

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

July 21, 2016 - Industry News

ATA's Spear Announces New Senior Leadership

Image: ATA

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 offers Cross-Border Training to Drivers

Photo: CarriersEdge

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

July 21, 2016 - Industry News

Spot Truckload Freight Volume Falls, Flatbed Rates Gain

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.

Tags: Spot Freight, Freight Rates, DAT Solutions

July 20, 2016 - Industry News

Truckload Linehaul Rates Remain Soft, Intermodal Rates Continue Steep Drop

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

July 20, 2016 - Industry News

Landstar Profit Sinks 20%, Falls Short of Expectations

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

Earnings Watch: Marten Profit Bumps 2% Higher

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

July 19, 2016 - Industry News

Freight Shipments, Expenditures Hit Highest Levels of 2016 but Will it Continue?

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

July 19, 2016 - Industry News

Truck Tonnage Index Seesaws Downward in June

Source: ATA

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

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