FTR transportation expert Noel Perry told an audience at the AmericQuest Symposium that trucking currently is outperforming the broader economy, and there are both good and bad economic indicators at play.
Residual values of full-size vans have remained strong while compact vans have weakened in the past year, creating a widening gap that has created two used van markets for fleet sellers.
Rhode Island’s governor signed into law a controversial measure that will impose tolls on commercial trucks traveling through the state — reportedly the only state with a truck-only tolling system.
One of the biggest drivers of the U.S. economy posted broad-based gains in January, which could ease fears following earlier indications that overall activity was slowing. However, a separate report on inventories still raises concerns about a bumpy ride.
The number of freight shipments and the dollars spent on freight declined again in January as part of a seasonal trend. However, that's not necessarily a sign of further weakening for the overall economy, according the latest Cass Freight Index report.
Driver wage increases may be limited by slowdown in freight in the fourth quarter of 2015, according to a carrier survey by Transport Capital Partners.
UPS Freight President Jack Holmes has announced his retirement after working for the company for 37 years and will be succeeded by Mid-Atlantic District Manager Rich McArdle.
Business analytics and insight company IHS has signed an agreement to acquire Oil Price Information Service, a pricing reporting agency that serves the oil, natural gas and biofuels industries.