With a severe driver shortage and a supply chain still in chaos from pandemic-induced shifts in consumer behavior, one industry observer is warning of likely hoarding as we get into the holidays. Longer term, vaccine distribution is “THE driver” for broader economy recovery and the post-2021 outlook.
November 10, 2020
Trucking and transportation companies that were well-prepared to deal with disruption using technology and processes have typically done well during the COVID-19 pandemic, according to Tom McLeod, founder and president of McLeod Software, kicking off his company’s 30th annual user conference Sept. 29.
September 29, 2020
Pent-up consumer demand from COVID-19 shutdowns continues to buoy spot freight rates, but a still-weak manufacturing sector has experts at FTR cautioning that things could turn downward again.
September 10, 2020
Improvements in industrial production and housing may help drive a truck freight recovery, but spikes in COVID-19 cases in many parts of the country and questions about what Congress may or may not do leave a lot of uncertainty in the forecast, according to analysts at FTR.
July 9, 2020
Truck fleets seem cautiously optimistic about freight and business levels in the coming months as the economy continues to work to recover from COVID-19 shutdowns, according to an HDT survey – and they see some positive long-term takeaways from the pandemic.
July 6, 2020
After a record-setting year in 2018, where tight capacity led to rate increases for carriers, 2019 was back to a more normal year in freight and logistics, and the industry was poised for a solid 2020—and then the pandemic hit. What this means for logistics and transportation professionals is highlighted in the 31st annual State of Logistics Report from the Council of Supply Chain Management Professionals.
June 24, 2020
Fewer fleets reported an increase in business for April than they did a month earlier for March, according to HDT’s May COVID-19 fleet survey, which also revealed month-over-month changes in the main ways fleets were protecting the health and safety of their employees.
June 4, 2020
With all 50 states relaxing COVID-19 shutdown orders to various extents, trucking shipments and rates are heading back up – but don't expect a true recovery until 2021.
May 27, 2020
The Owner-Operator Independent Drivers Association is continuing its push the federal government to address the needs of truck drivers and small-business trucking companies as they struggle with the many challenges caused by the COVID-19 pandemic.
May 14, 2020
More than 88,000 jobs disappeared in the truck transportation sector in April, a 5.8% drop from March, both the steepest drops on record – part of a record-setting 20.5 million job loss across the country, as the nation’s unemployment rate rose to 14.7%.
May 8, 2020
As stay-at-home orders in response to the COVID-19 pandemic took hold across much of the country in the latter part of March, the level of freight available – and the rates to haul it – plummeted. This means many of the smallest companies that make up the vast majority of motor carriers are seriously hurting.
April 22, 2020
More than half of the fleets surveyed by HDT reported their level of business had been negatively affected by the COVID-19 pandemic, and 3% reported employees had tested positive for COVID-19.
April 21, 2020
The latest news from Amazon that it is pausing a test of a service that would compete with UPS and FedEx reflects the strain that the COVID-19 pandemic is placing on last-mile delivery logistics.
April 8, 2020
The Federal Motor Carrier Safety Administration added fuel and other items to an expanded national emergency declaration to provide hours-of-service regulatory relief to commercial vehicle drivers transporting emergency relief in response to the nationwide coronavirus (COVID-19) outbreak.
March 18, 2020