Fleet Management

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February 3, 2016 - Industry News

Spot Freight Rates Fail to Follow Surge in Freight

Load-to-truck ratios on the spot truckload freight market got a bump during the week ending Jan. 30, possibly due to pent-up demand after the previous week’s storms, but that failed to materialize into better freight rates which were also down for the entire month.

Tags: Economy, Spot Freight, Freight Rates, DAT Solutions

February 3, 2016 - Industry News

Spot Freight Rates Fail to Follow Surge in Freight

Load-to-truck ratios on the spot truckload market got a bump during the week ending Jan. 30, possibly due to pent-up demand after the previous week’s storms, but that failed to materialize into better freight rates which also came in lower for the entire month.

Tags: Economy, Spot Freight, Freight Rates, DAT Solutions

February 2, 2016 - Industry News

Survey: Fleets Report Good Environment Entering 2016

Truck fleets surveyed in mid-January feel like business is pretty solid, but many are in a wait-and-see mode when it comes to planning to add capacity this year.

Tags: Survey, CKCVR

February 2, 2016 - Industry News

Earnings Watch: UPS, USA Truck, Ryder Report Profit Gains

UPS Inc. reported its profit skyrocketed in the fourth quarter of the year, totaling $1.33 billion compared to $453 million a year earlier as the company also beat an earnings forecast. USA Truck and Ryder also saw higher profits.

Tags: Economy, UPS, Ryder System, USA Truck, UPS Freight, Fleet Earnings

February 1, 2016 - Product News

Omnitracs Unveils All-in-One Device for Telematics, Mobile Apps

Omnitracs has introduced the Intelligent Vehicle Gateway, a single, robust mobile device that it says will offer commercial fleets a unified platform for the efficient use of mobile apps and telematics.

Tags: Telematics, WIFi, Omnitracs, Mobile Apps

February 1, 2016 - Product News

Omnitracs Launches Sylectus Truckload TMS

Omnitracs launched the Sylectus Truckload TMS, what it calls "a highly flexible, fully capable" transportation management system tailored to the truckload industry that is accessible from anywhere.

Tags: Information Technology, Omnitracs

February 1, 2016 - Industry News

Driver Turnover Spiked at Large TL Carriers Last Year

The annualized turnover rate at large truckload carriers rose 13 points to 100% in the third quarter of 2015, the highest it has been in three years.

Tags: ATA, Driver Shortage, Driver Turnover

February 1, 2016 - Industry News

Economic Watch: Lackluster December Numbers for Manufacturing, Personal Spending, Construction

While activity in the nation’s manufacturing improved in January from the month before, according to reports on Monday, there is disagreement as to whether this sector is expanding or shrinking.

Tags: Economy, Manufacturing, Construction Spending, Personal Spending

January 29, 2016 - Industry News

XPO Logistics Cuts 190 Jobs From its LTL Business

XPO Logistics acquired Con-Way in October of last year. Image: XPO Logistics

XPO Logistics has eliminated about 190 non-sales positions in its less-than-truckload business, which it acquired when the company bought Con-way Inc. last year.

Tags: Layoffs, LTL, Con-way Inc., XPO Logistics

January 29, 2016 - Industry News

Wildcat Strike Shuts Ports in New York and New Jersey

File Photo: Port Authority of New York and New Jersey

More than 1,000 longshoremen walked off the job at New York and New Jersey ports on Friday morning, Jan. 29, effectively shutting down the terminals in a port system that receives nearly 30 percent of all cargo on the East Coast.

January 29, 2016 - Industry News

Economic Watch: GDP Growth Slows, Consumers Still Optimistic

Overall U.S. economic activity eased back on the gas considerably in the final quarter of last year while it expanded in 2015 at the same pace as the year before.

Tags: Economy, GDP, Consumer Confidence, Consumer Sentiment, Gross Domestic Product

January 29, 2016 - Industry News

U.S. Cross-Border Freight Declines More Than 8%

Percent change in value of U.S.-Canada/Mexico freightflows by mode: November 2014 - 2015. Graphic: U.S. DOT

The value of trans-border freight movements between the U.S. and its neighbors took a steep decline, according to new U.S. Transportation Department numbers, while Canada regained its historical rank as top North America trade partner after falling behind Mexico.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, Surface Trade, Freight

January 28, 2016 - Industry News

Commercial Truck Demand to Slow, Parts Remain Stout

Commercial fleets will register a lower growth percentage of medium- and heavy-duty trucks in 2016, but feed strong demand for aftermarket parts, according to a new forecast from IHS Automotive.

Tags: Parts, Vehicle Registration, IHS Automotive, Forecast, Medium-Duty Trucks

January 28, 2016 - Industry News

Earnings Watch: Landstar Beats Fourth Quarter Expectations

The asset-light trucking and logistics provider Landstar Thursday reported a decline in its fourth quarter profit, but it was higher than expected, and the company also improved its annual performance.

Tags: Economy, Landstar, Landstar System, Fleet Earnings

January 28, 2016 - Industry News

Survey: Motor Carriers Expect Stable Growth in 2016

TCP survey indicates 61% of carriers expect to expand their fleets this year. Image: TCP

The year now unfolding will be one of “stability for trucking,” contends Transport Capital Partners, given the results of the consultancy’s Q4 survey of motor carrier executives.

Tags: Freight Rates, Freight Capacity, U.S. Economy

January 28, 2016 - Industry News

Judge Denies Retrial to Trucking Company in Amtrak Crash

A frame from the NTSB animation recreating the accident. Image: NTSB

A Nevada trucking company has been refused a retrial stemming from a fatal 2011 accident in which an Amtrak train was struck by a truck along U.S. 95, causing the deaths of 6 people, including the trucker.

Tags: Accidents, NTSB, Railroads, Litigation

January 28, 2016 - Industry News

Rising Demand for Aftermarket Parts and Service

John Blodgett, vice president of sales and marketing for MacKay & Co. Photo: Denise Rondini

Fleets spent $107 billion on parts and service in 2015, according to John Blodgett, vice president of sales and marketing for MacKay & Co.

Tags: Aftermarket, HDAW, MacKay and Co.

January 28, 2016 - Industry News

Economic Watch: Durable Goods Orders Sink as New Home Sales Jump

New orders for long-lasting durable goods plunged in December while shipments also fell, according to an advance report on Thursday from the U.S. Commerce Department, following a decision by the Federal Reserve to not raise a key interest rate.

Tags: Economy, Durable Goods, Home Sales, Federal Reserve

January 27, 2016 - Industry News

Earnings Watch: Lower Fourth Quarter Profits for Knight, Celadon

UPDATED -- Net income for two trucking and logistics companies experienced pullbacks in the fourth quarter of the year, according to earnings reports released Wednesday.

Tags: Economy, Celadon Trucking Services, Celadon Group, Knight Transportation, Fleet Earnings

January 27, 2016 - Industry News

Fontaine Opens F-650/F-750 Upfitting Center in Ohio

Photo of 2016 F-750 truck courtesy of Ford.

Fontaine Modification Vocational Services has opened a modification center in Avon Lake, Ohio, to provide modifications for Ford's 2016 F-650 and F-750 medium-duty trucks, including an exclusive tractor package for beverage fleets, the truck upfitter has announced.

Tags: Ford, Fontaine Modification, Ford F-650, Food and Beverage Fleets, Ship-Thru, Vocational Trucks, Vehicle Modifiers, Truck Equipment

January 27, 2016 - Industry News

Time Off Positively Impacts Driver Performance, Study Shows

Carriers can improve the productivity and performance of drivers by meeting their requests to take time off, according to the results of a recent study conducted by Stay Metrics.

Tags: Driver Shortage, Driver Performance, Driver Retention, Stay Metrics

January 27, 2016 - Industry News

Spot Freight Rates Continue Freefall

First, the good news. Last week’s winter storms had minimal effect on spot market truckload freight rates and load-to-truck ratios. Now, the bad news. Both managed to slip all on their own, with rates in the three major sectors being the lowest in at least the last four weeks.

Tags: Spot Freight, Freight Rates, DAT Solutions

January 27, 2016 - Industry News

Earnings Watch: Heartland Profit Drops, Patriot Moves Higher

Earnings for the trucking company Heartland Express Inc. (NASDAQ: HTLD) declined in both the final quarter of 2015 and all of last year due to less business while Patriot Transportation Holding Inc. (NASDAQ: PATI) saw an improvement due in large part to a legal settlement.

Tags: Economy, Patriot Transportation, Heartland Express, Florida Rock & Tank Lines, Fleet Earnings

January 27, 2016 - Industry News

Ohio Trucking Company Organizes Bottled Water Drive for Flint

Unloading donations of bottled water at Jet Express to be shipped to Flint, Mich. Photo courtesy Jet Express.

Kevin Burch grew up in Flint, Mich.,, so it's only natural that he would start a campaign to get trucking companies involved in providing bottled water to the city whose water has been poisoned by dangerous levels of lead.

Tags: Image, Jet Express

January 27, 2016 - Industry News

Economist: Low Risk of U.S. Recession

Economist Bob Dieli expects “truckable economic activity” to continue to grow at a pace similar to that of 2015. Photo: PacLease

The odds of a recession in the U.S. during the first three quarters are low, according to Bob Dieli, president and founder of RDLB, Inc.

Tags: Economy, HDAW

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