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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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The American Trucking Associations has named four new members to senior leadership positions, according to the federation’s new president and CEO, Chris Spear.
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CarriersEdge is offering a new Border Crossing/C-TPAT training course for drivers, covering security and threat awareness, security inspections and successful border crossing.
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Spot truckload freight rates switched patterns over the past week, following seasonal highs hit by vans and reefers and a decline in flatbeds, as overall cargo volume was lower than anticipated, according to DAT Solutions and its network of load boards.
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Truckload linehaul rates in June were nearly the same as the month before, but they are still below levels from a year ago, while there seems to be no end to the recent drop in rates for intermodal shipments.
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Asset-light trucking and related services provider Landstar System reported a 20% second quarter decline in earnings due to lower revenue and a big insurance claim.
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Temperature-controlled carrier Marten Transport reported an increase in its second quarter earnings. Although it's another small gain, it did beat analysts' expectations.
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Freight shipments and expenditures edged up in June after three months of lackluster performance, hitting their highest levels of the year, according to the Cass Freight Index – but it remains unclear if this is part of a larger trend.
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American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index dropped by 1.5% in June, following a nearly 3% gain in May.
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Teletrac Navman has launched a new global software platform, Teletrac Navman Director, for the 50- to 500-vehicle market. It tracks trucks and other assets, collects data for analytics, and provides real-time feedback to drivers.
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Wisconsin-based Contract Transport Services honors police with a special wrapped truck.
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