Fleet Management

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February 24, 2016 - Industry News

Earnings Watch: XPO Reports Loss of Nearly $63 Million

Despite greatly increased revenue in the final quarter of last year and for all of 2015, the fleet that purchased Con-way last year reported bigger losses.

Tags: Economy, Con-Way, XPO Logistics, Fleet Earnings

February 24, 2016 - Industry News

CVSA Cites FMCSA for Burdensome Exemptions

Photo: U.S. Department of Transportation

The Commercial Vehicle Safety Alliance has taken to task the Federal Motor Carrier Safety Administration for unduly burdening roadside inspectors by issuing carriers and drivers too many safety-rule exemptions.

Tags: FMCSA, CVSA

February 24, 2016 - Industry News

DAT: Spot Truckload Rates Steady, Poised for Spring Thaw

Shippers and brokers posted more loads on the spot market for the week ending Feb. 20 while the number of available trucks moved slightly lower, according to DAT Solutions and based on its network of load boards, but rates held steady during the time of year they usually gain at least a little.

Tags: Spot Freight, Freight Rates, DAT Solutions

February 24, 2016 - Industry News

Increased Capacity Hurts Truckload Rates, Low Fuel Prices Hit Intermodal

Truckload rates grew at a weaker pace for the fifth consecutive month in January, according to newly released numbers, while intermodal rates are expected to continue a drop that started a year ago.

Tags: Economy, Intermodal, Cass Intermodal Linehaul Index, Cass Truckload Linehaul Index, Truckload, Freight Rates

February 23, 2016 - Industry News

Truck Tonnage Drop Tied to Excess Inventories

The American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index fell 1.4% in January following a flat December reading.

Tags: ATA, Freight, Truck Tonnage Index

February 23, 2016 - Industry News

Economic Watch: New Reports Raise Concerns About a Recession

A glimmer of hope that U.S. manufacturing was starting to rebound at the start of the year may have been quickly been dashed, leading to increasing concerns about the state of the overall economy, while separate reports show consumers don’t feel as good as they did last year, but they are still in the mood for home buying.

Tags: Economy, Consumer Confidence, Industrial Production, Manufacturing, Home Sales

February 23, 2016 - Industry News

Element Hires IT Consultancy Firm

Toronto-based Element Financial Corp. has hired Tata Consultancy Services (TCS), a Santa Clara, Calif., global information technology firm.

Tags: Information Technology, Fleet Management Companies, Consultants, Element Financial

February 23, 2016 - Product News

Telogis App Separates Personal Use from Business Mileage

Screenshots via Telogis.

Telogis has introduced Logbook, a mobile app that lets drivers track and organize miles driven for personal or business use, the telematics provider announced at Mobile World Congress on Feb. 23.

Tags: Personal Use, Telogis, Mobile Apps, Mileage Reports

February 23, 2016 - Industry News

North American Fleet Partners with Petro-Canada Lubricants

Photo: Challenger

Privately-owned Canadian fleet Challenger has chosen Petro-Canada Lubricants as its exclusive heavy-duty engine oil provider as part of a multi-year partnership agreement.

Tags: Canada, Oil, Partnership, Petro-Canada Lubricants

February 22, 2016 - Industry News

CBO Marks 3 Paths to Smarter Highway Funding

Image: Congressional Budget Office

Contending that “spending on highways does not correspond very well with how the roads are used and valued,” the Congressional Budget Office has issued a new report that looks at three ways lawmakers could “make highway spending more productive."

Tags: Highway Funding, Congressional Budget Office, Highway Trust Fund

February 22, 2016 - Industry News

ATA Seeks 2017 America’s Road Team Members

American Trucking Associations has officially opened the nominating process for professional truck drivers to serve on the 2017-2018 America’s Road Team.

Tags: ATA, Volvo Trucks, America's Road Team, Community Outreach, Image

February 19, 2016 - Industry News

Economic Watch: Inflation Makes a Return, Leading Indicators Down Again

Consumer prices are heading higher, according to new U.S. Labor Department numbers, increasing speculation that the Federal Reserve will raise interest rates again.

Tags: Economy, Consumer Prices, Leading Economic Indicators, Federal Reserve, Interest

February 19, 2016 - Industry News

Nearly 59,000 Bridges Listed as Structurally Deficient

Photo: NTSB

There are still 58,500 structurally deficient bridges in the U.S., according to a review of the 2015 National Bridge Inventory database conducted by the American Road & Transportation Builders Association.

Tags: Infrastructure, Infrastructure Funding, Road Safety, Bridges

February 18, 2016 - Product News

Trimble Adds ISE Applications to Field Service Management Solutions

Photo: ISE

Trimble has added ISE Fleet Service’s Android eFleetSuite compliance application to its field service management solution adding support for hours of service and DVIR.

Tags: Fleet Management Software, Trimble, DVIR, HOS, Information Technology

February 18, 2016 - Industry News

Lytx to Be Acquired for $500 Million

The Lytx ActiveVision is one of HDT's Top 20 Products of 2016. Photo: Lytx

Video telematics company Lytx has signed an agreement to be acquired by Chicago-based private equity firm GTCR.

Tags: Mergers & Acquisitions, Lytx, Truck Driver Safety

February 18, 2016 - Industry News

FTR Forecasts Stable Trucking Conditions in 2016

Source: FTR

FTR is forecasting stable trucking conditions for 2016 after its Trucking Conditions Index rose more than two points in December to a reading of 10.88.

Tags: Freight, FTR, Trucking Conditions Index, Capacity

February 18, 2016 - Industry News

Heavy Duty Trucking Names 2016 Truck Fleet Innovators

The editors of Heavy Duty Trucking magazine have announced the 2016 HDT Truck Fleet Innovators, four fleet executives being recognized for their leadership and forward thinking in areas such as driver recruiting and retention, fuel economy, maintenance and more.

Tags: Fleet Forum, Mid-America Trucking Show, HDT Truck Fleet Innovators

February 17, 2016 - Industry News

Earnings Watch: Radiant Reports Net Loss, Adjusted Earnings Increase

The third party logistics and multi-modal transportation services company Radiant Logistics Inc. moved from a fourth quarter profit a year ago to loss in the most recent quarter, but adjusted earnings improved.

Tags: Economy, Radiant Logistics, Fleet Earnings

February 17, 2016 - Industry News

Economic Watch: Housing Drops as Industrial Production, Inflation Bounce Back

New home starts in the U.S. fell in January to the lowest level in three months, but industrial production, which includes manufacturing, reversed its string of recent declines. At the same time, wholesale prices increased, leading some to believe interest rates may soon move higher.

Tags: Economy, Interest Rates, Industrial Production, Manufacturing, Home Starts, Wholesale Prices, Federal Reserve, Producer Prices, Home Building

February 17, 2016 - Industry News

Spot Market Truckload Rates Continue to Fall

Spot-market load availability moved a little higher last week, but it was not enough to outweigh a gain in truck capacity, with rates continuing to fall.

Tags: Spot Freight, Freight Rates, DAT Solutions

February 16, 2016 - Industry News

FTR Conference: Class 8 Sales Declining, Mediums, Trailers Still Good

Sales of new heavy duty power units began moderating toward the end of 2015, as buyers adjusted orders placed during “better times.”

Technology will boost productivity and truck utilization to where demand for equipment will greatly decline, one researcher says.

Tags: Telematics, Technology, Truck Sales, FTR Associates, Connected Vehicle Technology, Used Truck Sales

February 16, 2016 - Industry News

ATA Appoints New SVP of Legislative Affairs

American Trucking Associations has hired Mike Joyce, a veteran of Capitol Hill and the trucking industry, as the group’s senior vice president of legislative affairs.

Tags: Legislation, ATA, Leadership, Washington D.C., People

February 16, 2016 - Industry News

Border Crossing Payment App Could Reduce Congestion

The Peace Bridge near Buffalo, N.Y. Photo via Wikipedia commons user Óðinn

Truck drivers may soon be able to use an app on their phone to pay the Customs and Border Protection user fee for entering into the U.S. at the Peace Bridge.

Tags: Cross-Border Trucking, Tolls, Peace Bridge, Electronic Payments

February 16, 2016 - Industry News

High Risk for Cargo Theft Remains Despite 6% Drop in Heists

The darkest areas in the FreightWatch International "heat map" show the most concentrated areas of cargo thefts. Credit: FWI.

The number of recorded cargo thefts and the average value of the heists in the U.S. declined in 2015 from the year before, according to a new report.

Tags: Security, Crime & Fraud, Cargo Theft, FreightWatch, Crime

February 16, 2016 - Industry News

Element to Split Into Two Companies

Element Financial Corp. is spinning off its North American commercial finance business into a separate public company to allow its fleet management business to focus on its core business and generate higher returns as a stand-alone company.

Tags: Fleet Management Companies, Element Fleet Management

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