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.
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.
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.
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.
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.