May 11, 2015 - Industry News
Spot market freight volume in April followed a typical seasonal pattern, declining 10% from March, while rates posted a more moderate drop
Tags: Spot Freight, Freight Rates, DAT Solutions
The FTR Trucking Conditions Index fell slightly in March to a reading of 7.3, reflecting lessened demand for truck services and normalizing fuel costs.
Tags: Economy, FTR, Trucking Conditions Index, Manufacturing
May 8, 2015 - Industry News
Trucking technology executives talked about strategies, gamification, analytics and more during the ALK Transportation Technology Summit.
Tags: Information Technology, ALK Transportation Technology Summit
OEM powertrain integration will ultimately positively disrupt the telematics industry, according to Matthew Pfaffenback, director of telematics, Daimler Trucks North America, speaking at the ALK Transportation Technology Summit.
Tags: OEM, ALK Transportation Technology Summit, telematics, Daimler Trucks North America, Diagnostics
ShipCarsNow and Ready Auto Transport have joined forces to provide truck or rail transportation to vehicle shippers as a response to increasing volumes for remarketed and new cars.
Tags: ShipCarsNow, Cox Automotive, Ready Auto Transport, Vehicle Transportation, Railroads
In an operation the FBI called "theft and greed on a large scale," a former insurance broker has pleaded guilty to bilking nearly 800 trucking companies out of $3.7 million for phony cargo insurance.
Tags: Insurance, Georgia, Crime & Fraud
Unemployment in the U.S. fell in April, hitting a near seven-year low following weak job additions in the first quarter of the year.
Tags: Economy, Unemployment, Employment
May 7, 2015 - Industry News
The trucking company Quality Distribution Inc. has reached an agreement to be acquired by the private investment fund Apax Partners.
Tags: Earnings, Quality Distribution, Mergers & Acquisitions, Quality Carriers, Boasso America
May 6, 2015 - Industry News
Paccar Leasing Company (PacLease) will begin offering a medium-duty leasing program called the PacLease Value Spec, the truck maker has announced.
Tags: Medium-Duty Trucks, Kenworth T270, Peterbilt Model 330, Paccar, Truck Leasing, Class 6, Private Fleets
The Department of Transportation’s Office of Inspector General has announced it will audit the Federal Motor Carrier Safety Administration’s investigative practices for high-risk motor carriers.
Tags: FMCSA, DOT, Accidents
The number of available loads on the spot truckload market decreased 2.9% and capacity fell 1.8%, according to DAT Solutions, which operates the DAT network of load boards.
The economy is in a “particularly volatile state,” with some saying it is going up while others think it is going down, according to Noel Perry, founder of Transport Economics, speaking at the ALK Transportation Technology Summit.
Tags: Economy, ALK
Total intermodal shipments in the U.S. and Canada rose 2% over last year’s first quarter volumes despite port congestion issues that impacted international container traffic, according to new figures from the Intermodal Association of North America.
Tags: Economy, Intermodal, IANA
The truckload and logistics services provider, Transport Corp. of America Inc., announced this week Scott Arves will be stepping down as president on June 1.
Tags: People, Transport America
May 5, 2015 - Industry News
New bipartisan legislation introduced in the Senate could help bridge the highway funding gap by expanding the use of tax-exempt bonds and implementing a new tax credit to help state and local governments pay for infrastructure projects.
Tags: Highway Funding, U.S. Senate, Infrastructure Funding
Economic activity in the nation’s service sector increased in April, according to two reports released on Tuesday.
Tags: Economy, Non-Manufacturing
The U.S. Supreme Court has denied motions seeking to overturn a ruling that upheld a California statute requiring a paid 10-minute rest break every four hours and a paid 30-minute meal period every five hours for truck drivers.
Tags: Drivers, Regulations, Penske Logistics, Supreme Court
USA Truck turned its finances around in the first three months of the year, reporting a profitable first quarter for the first time since 2007.
Tags: Earnings, USA Truck
May 4, 2015 - Industry News
Freight transportation and logistics provider, XPO Logistics Inc., announced it had narrowed its first quarter loss while it has reached an agreement to purchase Bridge Terminal Transport Services Inc.
Tags: Earnings, Mergers & Acquisitions, XPO Logistics, Bridge Terminal Transport
April Class 8 truck orders were down compared to March as well as to the previous year, according to preliminary data, but the drop was not unexpected.
Tags: Class 8, Truck Orders, FTR, ACT Research
A recent fleet survey predicts that both Class 8 and trailer orders will improve in the second quarter over the January-March time frame. The survey was conducted by CK Commercial Vehicle Research.
Tags: Class 8, CK Commercial Vehicle Research, Trailer Orders, Heavy-Duty Trucks
The FMCSA has proposed that drivers with controlled insulin-treated diabetes mellitus be permitted to operate commercial motor vehicles without first obtaining an individual exemption.
Tags: FMCSA, Drivers, Medical Examiners
New orders and shipments of factory made goods turned around in March, according to a new Commerce Department Report released Monday.
Tags: Economy, Factory Orders, Factory Shipments
Twenty-three States spent around $1.1 billion from October 2014 to mid-April 2015 to pre-treat, plow, or spread chemicals and other materials on roads to keep them open and safe this winter.
Tags: Road Salt, Snow Plow, Highway Funding, Winter
ArcBest Corp. on Monday announced it was back in the black during the first quarter for the first time in seven years, reporting first quarter net income of $700,000 or 3 cents per share.
Tags: Earnings, Panther, ABF, ArcBest Corp.
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