
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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The California Department of Transportation has launched a nine-month pilot program to test a pay-by-the-mile financing model to possibly replace the gas tax in the state.
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With most major truck makers and tier one component suppliers already committed to next year’s new North American Commercial Vehicle Show in Atlanta, Ga., organizers say nearly half of the expected exhibit space is already spoken for.
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Carrier Logistics will give carriers an alternative option for electronic data interchange feeds through a new integration with project44, the company has announced.
Read More →Innova Electronics Corporation has acquired Aftermarket Telematics Technologies, LLC and will now be able to offer a full suite of aftermarket parts and services.
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TMW Systems has launched software-as-a-service versions of its Data Warehouse, Data Warehouse Explorer and Visual Analytics solutions that offer business intelligence and analytics for for-hire and private fleets.
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Geotab has announced the availability of Go Rugged, a ruggedized telematics device designed for harsh outdoor environments common in industrial heavy-duty and service vehicle applications.
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Rates on the spot truckload freight market either moved higher or remained the same for the week ending June 2. The number of loads jumped 10% while shippers rushed to move freight before the end of the quarter and the start of the July 4 weekend, according to DAT Solutions and its network of load boards.
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Class 8 truck order numbers have hit their lowest point in at least four years, with demand remaining depressed so far in 2016.
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Driver turnover at large truckload fleets fell by a significant amount in the first quarter of 2016, reflecting the softer freight economy this year.
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In May the United States Department of Labor published new regulations that will affect who may be paid a salary and who must be paid by the hour. The changes, which take effect December 1, 2016, dramatically change the landscape for employers.
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