September 23, 2014 - Industry News
The chief executives of third-party logistics providers are confident about the current state and future revenue growth of their companies and regional 3PL industries, according to an annual survey.
Tags: Penske Logistics, Survey, Manufacturing, 3PL, Global
American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.6% in August to a record high, following a gain of 1.5% the previous month.
Tags: Economy, American Trucking Associations, Truck Tonnage Index
Michael K. Borrows is the new CFO of USA Truck, replacing Clifton R. Beckham, who previously announced his resignation as executive vice president and chief financial officer.
Tags: Fleets, People, USA Truck, Quality Distribution
A measure of the strength of the U.S. manufacturing sector was unchanged this month from August, but remains strong at a 52-month high, according to a new report released Tuesday morning by the financial information services provider Markit Economics.
Tags: Economy, Manufacturing
For truckload carriers, the number one problem is the driver shortage – but the reasons go beyond pay, said Stifel's John Larkin at TMW Systems’ annual user conference in Nashville Monday.
Tags: Drivers, Driver Shortage, TMW Systems, Stifel Nicolaus, Driver Pay
September 22, 2014 - Industry News
More than 1,900 trucking company executives, driver managers, dispatchers, IT managers and other personnel were on hand for TMW Systems’ Transforum 2014, the company’s annual user conference.
Tags: TMW Systems, Information Technology, Mobile Apps, Events
Logistics cost as a percent of GDP has been declining over the last 30 years, from 16% before deregulation to 8% now. But while logistics costs have been reduced, productivity has leveled out and may even decrease, according to Stifel's John Larkin, speaking at TMW's annual user conference.
Tags: Productivity, Economy, Driver Shortage, TMW Systems
The U.S. Department of Labor has awarded more than $10 million to 19 states to implement or improve worker misclassification detection and enforcement initiatives in unemployment insurance programs.
Tags: Drivers, Enforcement, Independent Contractors, U.S. Department of Labor
The private operator of the Indiana Toll Road has filed for bankruptcy reorganization, following a deal several years ago in which a consortium of Spanish and Australian investors leased the route from the state of Indiana.
Tags: Tolls, Indiana, Highways, indiana Toll Road
After four consecutive months of gains, existing-home sales slipped in August, according to the National Association of Realtors, but remains near its highest level so far this year.
Tags: Economy, Construction, Home Sales
The Association of American Railroads has reported increased U.S. rail traffic for the week ending Sept. 13, including intermodal volume posting another record this year.
Organizers of TMC's SuperTech competition in Orlando, Fla., say they are ready to test 133 top technicians from across the United States beginning Monday. High scorers will emerge after two days of pitting their skills against pre-arranged flaws in 25 different areas of truck diagnostics and repairs, with the winners announced at a lunch on Wednesday.
Tags: Maintenance, Technicians, TMC SuperTech
The 65th IAA Commercial Vehicles exhibition is set to begin Sept. 25 at the Hanover Fairgrounds in Hanover, Germany. The week-long event runs through Oct. 2 and will feature 2,066 exhibitors from 45 countries and the world premieres of 322 new vehicles and innovations.
Tags: Emissions, Fuel Efficiency, IAA, Auto Shows, Germany, Future Trucks, Global, Events
September 19, 2014 - Industry News
The U.S. Public Interest Research Group’s "Highway Boondoggles: Wasted Money and America’s Transportation Future," explains how 11 projects, costing at least $13 billion, are based on what it says are driving forecasts that are out of synch with the decade-long trend toward less driving.
Tags: Research, Highway Funding, Highways
The 2014 Intermodal Expo in Long Beach, Calif., is bringing together industry leaders to discuss industry trends and business opportunities. The expo is being launched by the Intermodal Association of North America.
Tags: Port of Long Beach, City of Long Beach, Intermodal, IANA, Events
One southbound lane and two northbound lanes are now open on Interstate 15 in Nevada near Moapa, after a section of the route was closed more than a week ago.
Tags: Nevada, I-15, Detours
September 18, 2014 - Industry News
The Truckload Carriers Association named Brad Bentley its new president, succeeding Chris Burruss, who resigned this summer for personal reasons.
Tags: People, TCA, Associations
More money is going to state highways, but there has been very little progress in improving their condition, according to a new report from the libertarian think tank the Reason Foundation and its 21st Annual Highway Report.
A lineup of new full-size commercial vans from Chrysler/Ram, Ford, and Mercedes-Benz will deliver significantly higher residual value that their counterparts from previous generations, according to ALG’s latest industry projection.
Tags: Residual Values, ALG, Ford Transit, Mercedes-Benz Sprinter, Ram ProMaster
The American Transportation Research Institute has added a compendium of sustainable freight practices on its website.
Tags: Sustainability, ATRI, Fleets, Aerodynamics
Housing starts in the U.S. plunged in August from the month before but the level of activity was still higher than the same time a year earlier, according to the U.S. Commerce Department.
Tags: Economy, Home Starts, Home Building
September 17, 2014 - Industry News
YRC Freight CEO James Welch said while business in the first half of the year kept pace with its forecast, improvements are taking longer than originally anticipated at the national less-than-truckload carrier.
Tags: Fleets, Earnings, YRC Worldwide, LTL
Private investment can work well as a funding source for some infrastructure projects, particularly those that are very expensive and complex, but it is not useful for most projects.
That’s the message from a House study on the benefits and risks of using public-private partnerships to pay for highways and other transportation projects.
Tags: Highway Funding, U.S. House, Public Private Partnerships, U.S. DOT
Freight rates on the spot market posted solid gains over the past week as the number of loads available has moved higher and capacity has jumped.
Tags: Spot Freight, DAT Transcore, Freight Rates
The threat of inflation to the U.S. economy appears to be muted, with a report issued Wednesday showing consumer prices in August fell for the first time in 16 months.
Tags: Economy, Fuel Consumption Index, Home Building, Consumer Prices
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