Spot Freight Rates Increased as September Ended
Freight rates are generally up on the spot market while the amount of available freight has declined a little.
Freight rates are generally up on the spot market while the amount of available freight has declined a little.
A number of factors negatively impacted the third quarter of 2013, it said in a release, which has resulted in expected earnings below original estimates.
The amount of freight carried by the for-hire transportation industry in the U.S. rose 0.4% in August from July, rising for the second consecutive month to reach the second highest level in the history of the Bureau of Transportation Statistics’ Freight Transportation Services Index which goes back to 2000.
Peter J. Rose, chairman and CEO of Expeditors International of Washington Inc., a global logistics company, announced his retirement as the company’s CEO effective March 1, 2014.
As of Oct. 1, all FMCSA-registered freight brokers and forwarders must have proof of a $75,000 surety bond or trust fund. While much has been reported about the FMCSA’s 60-day phase in period, the fact remains you need a $75K bond or trust in place now in order to legally operate.
PHH Arval announced that Kim Bolin has been named vice president, Vehicle Maintenance Assistance and Contact Center. Bolin most recently served as director for the North American Contact Center at PHH.
Less-than-truckload carrier ABF has been notified by the Teamsters Union that ballots to authorize a strike are being mailed on Tuesday to nearly 1,800 employees covered by the Central Region Local Cartage supplement.
They can rebuild it. They have the technology. They have $6 billion in roadwork ahead. The Oklahoma Transportation Commission has voted to approve an eight-year plan that calls for building more than 2,000 individual road projects by 2021.
A $5 million lawsuit has been filed against Roehl Transport over allegations that it payed student truck drivers less than the federal minimum wage.
Modest optimism regarding rates and volumes, and a rising number of unseated trucks, continues to influence whether carriers will add capacity.
To be a fleet of fewer than 100 trucks in America today is to be a long-tailed cat in a room full of rocking chairs: every move fraught with risk, perils at every turn. Large fleets can outpace, outperform, outbuy, outhire and outlobby the smaller fleets.
The orange and white barrels are being rolled out big time in one part of Texas due a major Interstate expansion project.
According to the latest edition of American Trucking Associations’ Trucking Activity Report, the annualized turnover rate at large truckload fleets rose two percentage points to 99% in the second quarter of 2013.
Apollo Tyres Ltd.'s friendly takeover of Cooper Tire & Rubber Co. is not so friendly anymore. On Friday, Oct. 4, 2013, Cooper filed a complaint in Delaware Chancery Court asking that subsidiaries of Apollo "be required to expeditiously close the pending merger between the two tire companies in accordance with the terms of the definitive merger agreement."
Syracuse University’s Whitman School of Management awarded Earl Congdon Jr., executive chairman of the board of Old Dominion Freight Line Inc., with the Harry E. Salzberg Medallion.
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