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The first quarter earnings reporting season for trucking kicked off on Monday morning when multi-modal freight transportation provider J.B. Hunt Transportation Services Inc. released numbers showing slight improvements from the same time a year ago.
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Yet another indicator of the upswing in trucking mergers and acquisitions is word that Forward Air Corporation has announced its wholly owned subsidiary, Central States Trucking Co., will buy substantially all of the assets of Atlantic Trucking Co., a Charleston, S.C.-based privately held provider of intermodal and drayage services.
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A measure of truckload linehaul rates fell again in February, but it is expected to improve, according to newly issued figures, while a gauge of intermodal rates posted its largest gain in just over four years.
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In the third part of our Trucking in the 21st Century series, we look at how the length of haul is no longer the yardstick for truckload — innovation and flexibility are.
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Private and public transportation partners conducted a partially automated truck platooning demonstration in California Wednesday at the Los Angeles Port complex and along the Interstate 110 freeway.
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While the amount of freight moved by the nation’s for-hire transportation sector was unchanged in January from December, according to a new Transportation Department report, it did manage a slight increase from the same time a year ago.
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Intermodal rates rose in January by the largest amount in more than two years, while truckload linehaul rates retreated, according to one measure.
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The amount of for-hire freight moved across multiple transportation modes increased 1% in December from the month before, marking the third consecutive monthly gain, according to the Transportation Department.
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Intermodal freight volumes returned to growth in the fourth quarter of 2016, posting a 1% year-over-year increase that tempered volume declines earlier the year, according to the Intermodal Association of North America.
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Two less-than-truckload fleets and a multi-modal and logistics provider reported slightly lower fourth quarter earnings.
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