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Rates on the spot freight market continue crawling slowly upward in the flatbed sector but remain stagnant in the other two major categories.
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Truckload carrier Marten Transport reported profit in the first quarter of the year nearly doubled from the same time in 2014.
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North American freight volume and expenditures rose again in March as shipments picked up significantly from the West Coast ports, according to the latest readings of the Cass Freight Index.
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Prices at the wholesale level rose in March for the first time since October, according to the U.S. Labor Department on Tuesday.
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J.B. Hunt Transport Services Inc. announced on Tuesday first quarter 2015 net earnings of $91.9 million, or diluted earnings of 78 cents per share, compared to first quarter 2014 net earnings of $68.7 million, or diluted earnings of 58 cents per share.
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Despite the slowing of economic growth late last year on into this year, the economy will pick up steam over the rest of this year, according to the State of Logistics Report Quarterly Update.
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The FTR Trucking Conditions Index for February fell slightly in February to a reading of 7.4, reflecting a softening capacity utilization caused by fluctuating diesel prices and the suspension of controversial provisions of the 34-hour restart.
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Rates on the spot freight market posted gains last month compared to February and the same time a year earlier, according to the latest reading of the DAT North American Freight Index, based on activity from its load boards.
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The Port of New York and New Jersey is facing costly delays for truckers and cargo owners as record imports come through, according to a report on JOC.com.
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The California Trucking Association has announced the Labor Law Consortium, an ongoing effort to provide the trucking industry with labor and employment law training resources.
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