May 13, 2015 - Industry News
Rates for spot market truckload freight posted gains in two of the three major sectors May 3 through May 9 compared to the previous seven days, according the freight matching service provider DAT Solutions.
Tags: Spot Freight, Freight Rates, DAT Solutions
U.S. retail sales in April were virtually unchanged from March, according to a Commerce Department report released Wednesday morning.
Tags: Economy, Retail Sales
May 12, 2015 - Industry News
The ATA is urging Congress to quickly adopt a short-term measure to keep the Highway Trust Fund afloat to help ensure that a comprehensive long-term highway bill gets passed in this calendar year.
Tags: ATA, Highway Funding, Highway Trust Fund, American Trucking Associations
While the number of incidents of cargo thefts in the U.S. declined in the first quarter of the year from the same time in 2014, the average value of each heist jumped 25%, according to the logistics security services provider FreightWatch International.
Tags: Crime & Fraud, Cargo Theft, FreightWatch, Crime
North American freight shipment volume and payments were up for the third month in a row during April, according to the latest readings from the Cass Freight Index.
Tags: Economy, Cass Freight Index
May 11, 2015 - Industry News
Trucking brought in over $700 billion, the highest revenue ever for the industry, according to an American Trucking Associations report.
Tags: ATA, Revenues, Industry Trends
Spot market freight volume in April followed a typical seasonal pattern, declining 10% from March, while rates posted a more moderate drop
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
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