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Not all carriers are riding high on the current trucking business environment. While a major less-than-truckload player turned a profit following a loss a year earlier, a major flatbed and specialized carrier trimmed its losses compared to a year ago, while a third-party logistics provider was barely in the black.
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Mixed economic signs aside, trucking will remain strong for the remainder of the year, FTR economist Eric Starks told attendees at HDT's Heavy Duty Trucking Exchange event in Scottsdale, Arizona.
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April trailer orders are projected to decline as much as 20% compared to the previous month, following seasonal ordering patterns, according to a preliminary report from FTR Intelligence.
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Infrastructure Week kicks off May 14-19 and Trucking Moves America Forward is once again an official affiliate of the event.
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Although the April 1 start to “hard enforcement” of the electronic logging device mandate does not seem to have had a huge effect on trucking capacity (except perhaps in flatbeds), there are a number of other factors that are working to keep capacity tight and rates high, likely at least until late this year, according to FTR.
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Technology is poised to take $236 million in inefficiencies out of trucking operations over the next four years, Navistar's Jeff Sass told attendees at HDT's Heavy Duty Trucking Exchange.
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Fr8 Revolution has announced its new Price Lock feature in the Fr8Star.com marketplace that allows shippers to obtain a fair market rate and book freight for legal and permitted and open deck freight.
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UPS has announced a project with UK-based technology firm Arrival to develop a fleet of 35 electric delivery vehicles that will be trialed in London and Paris.
Read More →Spot truckload freight rates moved higher in all three categories over the past week, according to the freight matching services provider DAT Solutions, amid an increase in loads and a decline in truck capacity.
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The amount of freight carried by the nation’s for-hire transportation industry increased in March from the month before, according to new Transportation Department figures, rising for the second consecutive month to reach an all-time high.
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