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Marten Transport Ltd. has reported a near 50% improvement in net income for the second quarter of the year compared to a year ago.
Read More →Freight transportation provider J.B. Hunt Transport Services announced second quarter 2018 net earnings of $151.7 million. That’s up more than 50% from the same time a year ago, beating analysts’ expectations.
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For the week of the Fourth of July, truckload freight rates hit new highs in the van and reefer segments, according to DAT Solutions’ weekly spot freight overview.
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Trucking largely supported Donald Trump for president because of his promises to reduce regulation (which he’s been working on) and put in place pro-business policies (such as the tax cut.) But his trade war has a great many businesses concerned, if not up in arms – and it could even affect the economy.
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Urgency to move freight before the end of the second quarter and ahead of the Fourth of July holiday helped propel the national average spot van rate to $2.32 per mile during the week ending June 30.
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The national average spot truckload van rate on the DAT Solutions network of load boards moved only a little higher for the week ending June 23 but it was enough to push it to a new all-time high.
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Spot truckload rates on the DAT Solutions network of load boards rose again for the week ending June 16 and are on track to achieve the highest ever monthly average for van, refrigerated, and flatbed freight.
Read More →Quarterly profit for parcel delivery and trucking company FedEx Corp., topped $1 billion once again.
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The May Truck Tonnage Index increased slightly from the previous month and still reflects one of the best freight markets ever, according to American Trucking Associations.
Read More →Navistar International Corp. on June 5 announced it turned around its financial picture in the second quarter of the year, with net income of $55 million compared to a second quarter 2017 net loss of $80 million.
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