Fleet Management

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December 17, 2014 - Industry News

Federal Reserve: Economy Expanding at ‘Moderate Pace’

Federal Reserve Building. Photo by AgnosticPreachersKid via Wikipedia.

The U.S. Federal Reserve on Wednesday indicated it believes the American economy continues to expand at a moderate pace and would be able to handle a small hike in short-term interest rates.

Tags: Economy, Federal Reserve

December 17, 2014 - Industry News

New Jersey Tops List of Truck Freight Congestion

The George Washington Bridge: Photo via Wikipedia Commons.

The George Washington Bridge in Fort Lee, N.J. topped the list of the most congested locations for truck freight, according to analysis from the American Transportation Research Institute.

Tags: New Jersey, Traffic Congestion, ATRI, Freight, Bridges

December 17, 2014 - Industry News

Dart Increases Driver Pay, Offers Signing Bonuses

Dart announced increases in pay to drivers throughout the company’s network. Drivers will see anywhere from 2 cents to 10 cents per mile increases with the average increase being 5 cents per mile.

Tags: Dart, Driver Pay, Owner Operators, Dry Van

December 17, 2014 - Industry News

Autonomous Vehicles Near for Delivery Work, Report Says

A trend report published by DHL outlines the potential of autonomous technologies in transportation and logistics, and that the industry is well suited to take advantage of such technologies.

Tags: Technology, Self-Driving Vehicles, DHL

December 17, 2014 - Industry News

FedEx Increases Quarterly Profit 23%

Trucking and package delivery giant FedEx Corp. on Wednesday reported a big jump in profit for its fiscal year second quarter.

Tags: Fleets, Earnings, FedEx, FedEx Freight

December 17, 2014 - Industry News

Spot Market Freight Rates Down Over Past Week

Graphic: DAT Solutions

A rally in spot market freight rates seen last week turned out to be short-lived, with across-the-board declines being reported in new numbers from the freight matching service provider DAT Solutions.

Tags: Spot Freight, Freight Rates, DAT Solutions

December 17, 2014 - Industry News

Economic Watch: Consumer Prices Post Largest Drop Since 2008

Falling gasoline prices led to a sharp drop in U.S. consumer prices during November, the steepest rate in nearly six years, according to a U.S. Commerce Department released Wednesday morning.

Tags: Economy, Consumer Prices

December 16, 2014 - Industry News

Survey: Majority of Respondents Are Optimistic About Industry

A recent survey from Transport Capital Partners took a simple approach to assessing respondents’ industry outlook by simply asking: Is trucking starting to be fun again?

Tags: Survey, TCP, Transport Capital Partners

December 16, 2014 - Industry News

CSX Opens New Intermodal Terminal In Montreal

The Jacksonville, Fla.-based transportation company hopes to create opportunities for increased cross-border trade with the new terminal.

Tags: Intermodal, GSX

December 16, 2014 - Industry News

Economic Watch: New Home Starts Fall

Newly released figures show a drop in housing starts during November, with an even bigger decline in the number of new building permits issued -- but new home building remained above a 1 million unit annual rate for the third month in a row.

Tags: Housing Starts, Economy

December 15, 2014 - Industry News

ODFL Raising Rates Early Next Year

The less-than-truckload carrier Old Dominion Freight Line Inc. said Monday it will implement a general rate increase averaging 4.5%, effective January 5, 2015.

Tags: Old Dominion Freight Line, Fleets, Freight Rates

December 15, 2014 - Industry News

Economic Watch: Industrial Production Surges, Homebuilder Optimism Slips

U.S. industrial production surged in November by 1.3% from the month before, the largest gain since May 2010, according to new U.S. Federal Reserve figures.

Tags: Economy, Industrial Production, Home Building

December 15, 2014 - Industry News

ATA: New Survey Shows Driver Pay Competitive

Median pay for truck drivers is on par with the national median for U.S. households, while the trucking industry offers drivers “competitive" benefits, according to a new study from the American Trucking Associations.

Tags: ATA, Research, Driver Pay

December 15, 2014 - Industry News

Navistar to Close Indianapolis Foundry

Closing the Indianapolis foundry is expected to eliminate approximately 180 jobs and reduce Navistar's operating costs by about $13 million annually.

December 12, 2014 - Industry News

Old Dominion LTL Expands in Two Locations

Photo via Old Dominion.

Old Dominion Freight Line has expanded its less-than-truckload services in Portland, Ore., and Chattanooga, Tenn. The company opened a brand new facility in Portland and renovated an existing service center in Chattanooga.

Tags: New Facility, Old Dominion Freight Line, LTL, City of Chattanooga, Portland

December 12, 2014 - Industry News

Digi International Hires Industry Vet as CEO

Rob Konezny: Photo via PeopleNet.

Digi International elected Ron Konezny to be the president and CEO of the company effective Dec. 17, 2014. The previous president and CEO Joseph T. Dunsmore will retire when he is succeeded by Konezny.

Tags: Leadership, Trimble, PeopleNet, People, Digi International

December 12, 2014 - Industry News

TA Partners with Homeland Security to Fight Human Trafficking

TravelCenters of America announced a partnership with the U.S. Department of Homeland Security Blue Campaign which combats and raises awareness for human trafficking.

Tags: Department of Homeland Security, Human trafficking, Truckers Against Trafficking, Travel Centers of America

December 12, 2014 - Industry News

Capacity Donates Ice Bucket Challenge Money to Food Bank

Photo via Capacity.

Capacity Trucks sponsored a raffle raising money for a local food bank using the Ice Bucket Challenge, a popular viral internet campaign to raise awareness for ALS. Capacity donated the $1,600 it raised to the East Texas Food Bank.

Tags: Intermodal, People, Donations, Charity Fundraiser

December 12, 2014 - Industry News

Economic Watch: Producer Prices Retreat, Consumer Sentiment Best in 7 Years

Prices at the wholesale level in November gave up all the gains made the month before, led by declining energy costs, while consumers in the U.S. are feeling better than they have in many years.

Tags: Economy, Wholesale Prices, Consumer Sentiment, Producer Prices

December 12, 2014 - Industry News

Florida Con-Way Freight Terminal Votes to Join Teamsters

File photo: Con-way

A group of 74 drivers and dockworkers at Con-way Freight in Miami Lakes, Fla., voted on Thursday to join Teamsters Local 769 in North Miami, Fla.

Tags: Florida, Drivers, Con-way Freight, Fleets, Teamsters, Labor Unions, FedEx Freight

December 12, 2014 - Industry News

FTR: Trucking Conditions Still Very Favorable

Click here for an interactive version of this graph from FTR.

FTR’s Trucking Conditions Index for October, at a reading of 8.53, fell only slightly from September’s level, reflecting still strong fundamentals for trucking companies, and the transportation analysis firm expects it to stay strong through next year.

Tags: FTR, Trucking Conditions Index, Freight Rates

December 11, 2014 - Industry News

FTR: Restart Suspension Could Boost Industry Productivity

Photo via FTR.

By increasing truckload capacity of the industry, there should be a slight boost to potential productivity, according to analysis from transportation research firm FTR.

Tags: FTR, Truckload, ELDs, 34-Hour Restart, FMCSA, Hours of Service

December 11, 2014 - Industry News

Covenant Transportation Projects Larger Fourth Quarter Earnings

Trucking holding company Covenant Transportation Group has announced it expects to report fourth quarter earnings well above the level from a year earlier due to a big gain in revenue.

Tags: Covenant Transport, Fleets, Earnings, Covenant Transportation Group

December 11, 2014 - Industry News

DAT Freight Index Higher Than Year Ago, Falls from October

Graphic: DAT Solutions

Spot market freight rates and availability all posted healthy gains in November in the U.S. and Canada compared to the same time a year ago, according to the DAT North American Freight Index, however there were declines from the month before.

Tags: Spot Freight, Freight Rates, DAT Solutions

December 11, 2014 - Industry News

Economic Watch: Retail Sales Post Biggest Gain in Eight Months

Photo: Evan Lockridge

The 0.7% increase from the month before is well above what many analysts were expecting.

Tags: Economy, Retail Sales

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