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FTR Says Freight Rates Surged in May
FTR's Trucking Conditions Index surged to a record high in May, the analytics firm reports.
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SEARCHMENUSEARCHFTR's Trucking Conditions Index surged to a record high in May, the analytics firm reports.
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Rates on one of the nation’s largest spot freight markets are fairly stable amid lower freight levels.
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Arkansas-based truckload carrier and logistics provider, USA Truck, cut its net loss from $2.5 million in the first quarter of last year to $1.6 million in the first quarter of this year. This resulted in a diluted loss per share of 15 cents compared to 24 cents during the same time frame.
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The trucking and logistics provider, Celadon Group, reports revenue for the quarter ending March 31 increased 29.1% to $193.2 million from $149.6 million in the March 2013 quarter.
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The Truckload Carriers Association has named Robert Tyler, a resident of Marysville, Washington, as a Highway Angel. Tyler, who drives for Smokey Point Distributing of Arlington, Washington, is being recognized for his willingness to help not only an individual motorist, but also the general public.
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Congestion on the nation’s Interstate highways added over $9.2 billion in operational costs to the trucking industry in 2013, according to research released Wednesday by the American Transportation Research Institute.
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The Obama administration put down its marker for the next highway program with the GROW America Act, a $302 billion, four-year bill funded by a one-time infusion from a change in the corporate tax code. The House and Senate are working on their versions with no word yet on how they will pay for them, although the Senate Finance Committee will hold a hearing May 6: New Routes for Funding and Financing Highways and Transit.
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Utility Trailer Manufacturing, a manufacturer of dry freight vans, flatbeds and Tautliner curtainsided trailers, recently commemorated its 100th anniversary in La Quinta, California. This photo gallery features many pictures from Utility's long history.
Read More →SKF has announced the appointment of George Garner as vice president of automotive sales for the SKF Vehicle Service Market, North America Business Unit, effective immediately.
Read More →BestPass, providers of bulk purchasing and streamlined toll management services to commercial fleets, announced the ongoing expansion of its partnerships with state highway authorities.
Read More →The index now stands at 82.3, down from 83.9 in March. The Present Situation Index decreased to 78.3 from 82.5, while the Expectations Index was virtually unchanged at 84.9.
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