July 21, 2014 - Industry News
Freight tonnage will grow 23.5% from 2013 to 2025 and freight revenues will jump 72%, according to the American Trucking Associations' U.S. Freight Transportation Forecast to 2025, a look at the future of freight. It predicts continued growth for both the trucking industry and freight economy overall.
Tags: ATA, American Trucking Associations, Forecast, Statistics, Freight
Asset-light trucking and logistics provider, Roadrunner Transportation Systems, has acquired Integrated Services, ISI Logistics and ISI Logistics South for $13 million.
Tags: Fleets, Roadrunner Transportation, Mergers & Acquisitions
The Colorado Department of Transportation has started work on the Eastbound I-70 Peak Period Shoulder Lane project creating temporary eastbound express lane between Idaho Springs and Empire, but commercial trucks will not be able to use them.
Tags: Colorado, Tolls, Traffic Congestion, I-70, Road Construction, Interstate 70
Trucking and logistics company Werner Enterprises saw its profit slip in the second quarter of the year despite increased revenue.
Tags: Werner Enterprises, Fleets, Earnings
July 20, 2014 - Industry News
Dallas, Texas will soon become the new corporate headquarters of fleet management solutions provider, Omnitracs. Expanding to Dallas will enable the company to capitalize on the region’s substantial transportation infrastructure and logistics expertise, the company says.
July 18, 2014 - Industry News
Nebraska-based trucking and logistics company Werner Enterprises said Friday its Werner Global Logistics subsidiary has signed an agreement in principle to make an equity investment in Hercules Logistics, a logistics and asset-based transportation company headquartered in Shenzhen, China.
Tags: International, Werner Enterprises, Fleets, Mergers & Acquisitions
Truckload linehaul rates paid by North American shippers in June were 5.2% higher than in June of last year, according to the latest Cass Truckload Line Index released Friday.
Tags: Economy, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index
FMCSA's recent ruling on e-logging with laptop computers, tablets and smartphones puts valid compliance tools into the hand of small fleets and owner-operators at a reasonable cost.
Tags: FMCSA, Regulations, E-logs
Consumer sentiment in the U.S. declined this month, the third straight monthly drop and hitting its lowest level in four months.
July 17, 2014 - Industry News
Earnings hit $18.7 million compared to $18.6 million in the second quarter of 2013 for the Illinois-based company.
As Congress struggles to preserve the Highway Trust Fund this summer and eventually pass a long-term highway bill, President Obama is using his executive authority to promote increased private investment in infrastructure. In remarks Thursday at the Port of Wilmington, Delaware, Obama announced a plan to help states and local governments use alternative financing for their infrastructure needs.
Tags: DOT, Public-private partnership, Highway Funding, President Obama, U.S. Department of Transportation
American Trucking Associations announced several promotions to the association's senior staff, including Bob Costello and Elisabeth Barna.
Tags: American Trucking Associations, Associations, People, Image
The 43-acre facility increases FEC’s available intermodal capacity from 100,000 to 450,000 lifts a year and will improve the transfer of both domestic and international containers between ships and rail, according to Broward County officials.
Housing starts in the U.S. fell 9.3% in June, the second consecutive monthly decline, according to the U.S. Commerce Department, pushing the annual rate down to 893,000, the weakest showing since last September.
Tags: Economy, Housing Starts, Federal Reserve
July 16, 2014 - Industry News
Maverick Transportation has recently announced several changes to their driver pay scale, including substantial mileage pay increases, which will impact all incoming drivers no matter their experience.
Tags: Driver Pay, Maverick Transportation, Fleets, Drivers
U.S. Transportation Secretary Anthony Foxx received a report this week from the Department of Transportation’s National Freight Advisory Committee making 81 recommendations to improve the performance of the nation’s freight transportation system.
Tags: Infrastructure, U.S. Transportation Secretary, Department of Transportation, Highway Funding, U.S. DOT, Highways, Freight
Drivers traveling on Interstate 35W in Bloomington and Burnsville, Minn. will encounter detours in both directions from 10 p.m. Friday, July 18 through 5 a.m. Monday, July 21, weather permitting.
Orbcomm this week successfully launched six next generation OG2 telecommunication satellites aboard a SpaceX Falcon 9 rocket from Cape Canaveral Air Force Station, Florida, to provide faster data systems to customers and increasing the company’s overall network capacity for customers in trucking and other fields it serves.
Tags: Information Technology, Orbcomm
Prices at the wholesale level rose 0.4% in June from the month before, according to new U.S. Labor Department figures, following a 0.2% decline in May and a 0.6% advance in April.
Tags: Economy, Industrial Production, Wholesale Prices, Home Building
Spot market freight rates has declined across the board in the most recent week, following healthy gains the week before, according to the freight matching service provider DAT.
Tags: Freight, Spot Freight, DAT Transcore, Freight Rates
July 15, 2014 - Industry News
Primarily refrigerated freight hauler Marten Transport on Tuesday reported an increase in net income to $7.9 million, or 24 cents per diluted share, in the second quarter of the year.
Tags: Marten Transport, Fleets, Earnings
A Memphis, Tenn., business owner pleaded guilty in federal court in Springfield, Mo. on Monday to his role in a cargo theft scheme that included a theft in West Plains, Mo.
Tags: Tennessee, Missouri, Crime & Fraud, Cargo Theft
The U.S. House on Tuesday passed legislation on Tuesday afternoon providing enough money for the Highway Trust Fund through May 2015.
Tags: Legislation, Highway Funding, Highway Trust Fund, U.S. House
Retail sales increased in June, according to a new Commerce Department report, but the gain was far less than analysts were expecting.
Tags: Retail Sales, Economy
J.B. Hunt Transport Services announced Tuesday second quarter 2014 net earnings of $93.4 million, or diluted earnings per share of 79 cents, compared to second quarter 2013 net earnings of $87.7 million, or 73 cents per diluted share, a 6.5% increase.
Tags: J.B. Hunt, Fleets, Earnings
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