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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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President-Elect Joe Biden is planning to nominate former presidential hopeful Pete Buttigieg to head the transportation department, according to published reports.
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Jerry Moyes is stepping in as interim president and CEO of Central Freight Lines, which he owns, as part of a transition plan to “increase focus on streamlined customer services" at the primarily less-than-truckload carrier.
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J.B. Hunt has added temperature-controlled services to its J.B. Hunt 360° digital freight-matching technology platform.
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The huge increases in freight volume since the economic contraction are slowing, but the trucking industry still looks to see a strong 2021 in terms of both demand and rates.
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Transfix said its new digital freight technology gives small- and medium-sized shippers scalable asset capacity for more efficient drop-and-hook operations.
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Georgia is asking for public comments on a proposal to add two commercial vehicle lanes along a stretch of I-75 in the Atlanta area.
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The Port of Long Beach said balancing inbound and outbound cargo will boost operational efficiency during the strongest cargo surge in its history.
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Both ACT Research and FTR report robust Class 5-8 truck orders in November.
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XPO Logistics plans to pursue a spin-off of 100% of its global logistics segment as a separate publicly traded company.
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When we drilled into third-quarter GDP to look at the segments of the economy linked to freight demand, the results far exceeded our forecast.
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