Not all carriers are riding high on the current trucking business environment. While a major less-than-truckload player turned a profit following a loss a year earlier, a major flatbed and specialized carrier trimmed its losses compared to a year ago, while a third-party logistics provider was barely in the black.
Mixed economic signs aside, trucking will remain strong for the remainder of the year, FTR economist Eric Starks told attendees at HDT's Heavy Duty Trucking Exchange event in Scottsdale, Arizona.
April trailer orders are projected to decline as much as 20% compared to the previous month, following seasonal ordering patterns, according to a preliminary report from FTR Intelligence.
Infrastructure Week kicks off May 14-19 and Trucking Moves America Forward is once again an official affiliate of the event.
Although the April 1 start to “hard enforcement” of the electronic logging device mandate does not seem to have had a huge effect on trucking capacity (except perhaps in flatbeds), there are a number of other factors that are working to keep capacity tight and rates high, likely at least until late this year, according to FTR.
Ohio Gov. John Kasich is opening public roads in the state to autonomous vehicle testing in a bid to make Ohio a hub for smart vehicle technology.
Technology is poised to take $236 million in inefficiencies out of trucking operations over the next four years, Navistar's Jeff Sass told attendees at HDT's Heavy Duty Trucking Exchange.
Fr8 Revolution has announced its new Price Lock feature in the Fr8Star.com marketplace that allows shippers to obtain a fair market rate and book freight for legal and permitted and open deck freight.