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.
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.
Yokohama Tire Manufacturing Mississippi, a manufacturing subsidiary of Yokohama Tire Corp., officially broke ground on its new commercial truck tire manufacturing plant in West Point, Miss., which is slated to begin operations in October 2015.
Building upon the growth of its extensive leasing location coverage in the U.S. and Canada, Mack Leasing System recently added 11 new member dealer locations.