ANAHEIM -- The trucking industry is looking at a severe capacity crunch in coming years with a variety of factors contributing to the situation, according to Bob Costello, chief economist of the American Trucking Associations.
The third-quarter Transport Capital Partners survey reveals more carriers expecting to see volumes and rates grow over the coming months. In this quarter’s survey, more carriers are expressing optimism for increases in volumes and rates. Slow, steady growth in the economy has led the freight market into positive territory. And carriers are sharing their expectations for improved results.
“I think it’s pretty astounding this economy continues to grow when you think about the shocks it’s taken," said Bob Costello, chief economist & vice president, American Trucking Associations, speaking at TMW Systems’ Transforum user conference in Anaheim, Calif., Tuesday.
Overall freight revenue will grow by 63.6% to $1.3 trillion annually in 2024 and trucking will see its share of those revenues rise to 81% from 80.7% in 2012.
The transportation law, MAP-21, upped the financial security requirements for freight brokers and forwarders to $75,000. The law offers options for the new financial security requirement, but specifics are not always clear. With the FMCSA deadline approaching in just a week, here is some information on an option for small- to mid-size brokers and for carriers who also act as brokers.
For those planning to attend the 2013 Green Fleet Conference & Expo in Phoenix, Ariz., which begins on Tuesday, Oct. 1, we’ve compiled a guide and a list of key things to remember prior to the event and on arrival.
A new report shows truck cargo theft during the most recent three-month period increased in the United States, while the value of each incident moved higher by nearly double-digits.
Canadian-based Vitran Corporation has announced it has entered into an agreement to sell its U.S. less-than-truckload business.
Volvo’s New River Valley assembly plant in Dublin, Va. has achieved zero landfill status at its truck manufacturing operations. Waste generated by the facility, which manufactures all Volvo trucks sold in North America, is now recycled, composted or converted to electricity.
Truckstop operator WilcoHess will pay $215,000 to settle a class sexual harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission.
Every trailer category posted month-over-month order gains in August, according to the most recent update on industry performance reported in the State of the Industry: U.S. Trailers published by ACT Research Co.
ANAHEIM, CA -- As trucking moves to take advantage of rapid changes happening in computer technology, there is both risk and opportunity, said TMW Systems President Dave Wangler in his opening remarks at TMW's Transforum 2013 user conference and in a one-on-one-interview.
An extended productivity suite for the Android operating system was introduced by Omnitracs, including a new point of delivery application that supports activities that take place outside of the truck cab using a smart device.
Joint Omnitracs and TMW customers will be able to gain integrated access to several of Omnitracs applications including critical event reporting, trailer/reefer tracks portal, driver workflow with automated arrival and departure functionality ad a hosted TMW/Omnitracs portal.
XRS Corp. announced a new integration with TMW Systems TMWSuite at TMW’s Transforum user conference in Anaheim Sept. 23.
Volvo has unveiled its new VNL available in six cab configurations. The company calls the VNL a totally "reimagined" design.
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