
Truckload Rates Keep Rising as Tight Capacity Fuels Freight Market Recovery
Spot and contract rates continued climbing in May and June, not because freight demand is surging, but because fewer trucks and drivers are available.
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Spot and contract rates continued climbing in May and June, not because freight demand is surging, but because fewer trucks and drivers are available.
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UPS is selling its UPS Freight less-than-truckload division to TFI International Inc. for $800 million.
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A survey of shippers shows optimism that freight volumes will increase in 2021.
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Although the carrier said there will always be a need for human drivers, the ongoing driver shortage and other market forces have led U.S. Xpress to make investments in autonomous technology provider TuSimple.
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“2021 will be a story of contending tailwinds and headwinds,” says U.S. Xpress in a blog post about its 2021 Economic Forecast. See what key trends the truckload carrier's analysts expect this year.
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What did trucking fleets learn from the COVID-19 pandemic that you can apply to managing the next crisis?
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Pilot Company and RTS Financial announced a partnership to provide customized funding, fuel, maintenance and tire services for fleets.
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Truck tonnage ended 2020 on high note, according to American Trucking Associations, as its seasonally adjusted For-Hire Truck Tonnage Index increased 7.4% in December after rising 3.2% in November.
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FTR’s Trucking Conditions Index fell in November from the previous month’s record high, but the November reading of 10.26 is still strong, as rising freight rates continue to power robust trucking conditions.
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As the COVID-19 vaccine helps return life to normal later in the year, the effect on trucking freight and rates will vary as consumer spending is expected to shift back toward services. That’s one takeaway from the transportation analysts at FTR in a recent webinar, “Preparing for 2021.”
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Vector's new contactless billing system helps fleets expedite supply chain requirements, from issuing a bill of lading, to pickup and delivery, to final billing.
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