Truckload freight volumes and spot rates for dry van and refrigerated loads fell for the fourth month in a row in April, according to DAT Freight & Analytics.
One of the largest asset-based truckload fleets in North America, Knight-Swift Transportation, is buying U.S. Xpress for approximately $808 million.
Werner Enterprises has increased its fleet size by 2.4% after acquisition of Indiana-based truckload carrier Baylor Trucking.
Ascend is the name for a new dry van truckload carrier that aims to bring service and reliability to the rapidly expanding middle-mile market by focusing on technology and drivers.
If looking behind the Cass shipment and expenditures numbers means what HDT's Contributing Economic Analyst Jeff Kauffman thinks it does, long-haul carriers could benefit.
The DAT Truckload Volume Index in April was down 5%, falling from an all-time high set in March.
Spot truckload rates remained near all-time highs during the week ending May 3, one year after bottoming out as U.S. economies closed during the pandemic.
Truckload freight pricing rose and national average load-to-truck ratios for dry van and refrigerated freight hit record highs in February.
The DAT Truckload Volume Index, a measure of dry van, refrigerated and flatbed loads moved by truckload carriers, fell 2% in January from December 2020.
For the first time, the Truckload Carriers Association will be hosting an online component of its in-person Truckload convention scheduled for Las Vegas in April.
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