by - October 26, 2020 2:18 pm
Carriers have worked to keep drivers safe as they boost their pay amid the COVID-19 pandemic, tight trucking capacity and a shrinking driver pool. In a recent Yahoo Finance interview,…
by - October 14, 2020 1:19 pm
Holiday shipping season, or peak season, has contributed to tighter capacity and rising rates, but capacity and rates were already at elevated levels leading into the season amid the COVID-19…
by - September 29, 2020 3:16 pm
The trucking industry is as healthy as it has been since 2017-2018 when the backdrop for carriers was strong, and the existing vigor might be the start of a “multi-year…
by - September 24, 2020 11:11 am
Turnover in the trucking industry plummeted amid the COVID-19 pandemic as the U.S. economy looks to make a K-shaped recovery instead of a V-shaped one, analysts said. The annual turnover…
by - September 21, 2020 1:52 pm
Low retail inventories and a healthy spot market have contributed to improved expectations for the second half of 2020 as the freight market tightens. UBS analyst Tom Wadewitz updated his…
by - September 4, 2020 11:14 am
The Federal Motor Carrier Safety Administration (FMCSA) announced Friday (Sept. 4) it’s seeking comment on a new pilot program to allow drivers under 21 to operate commercial motor vehicles in…
by - August 18, 2020 1:21 pm
Intermodal volumes improved between June and July as truck tonnage declined over the same period, analysts said. However, intermodal and truck freight volumes continue to remain below 2019 levels. The…
by - July 9, 2020 5:48 pm
The U.S. economy possibly is already out of what might be “the sharpest and shortest recession in history,” but the recovery won’t be completed until the second half of 2021…
by - June 10, 2020 3:09 pm
The number of trucking companies that have filed for bankruptcy during the COVID-19 pandemic has not been as bad as expected even as freight demand fell, an analyst said. In…
by - May 28, 2020 2:00 pm
Freight rates and demand are expected to rise as the economy starts to reopen and capacity tightens, analysts said. In a recent webinar, Chris Pickett, chief strategy officer for Coyote…
by - May 19, 2020 12:30 pm
Spot rates have started to rise and capacity has tightened amid produce season while truck tonnage fell by the highest rate in 26 years in April. American Trucking Associations’ advanced…
by - May 5, 2020 1:00 pm
Lowell-based carrier J.B. Hunt Transport Services Inc. continues to develop its digital freight platform J.B. Hunt 360 as the COVID-19 pandemic has made the company evaluate its priorities, a company…
by - April 21, 2020 2:34 pm
Earlier this year, at the beginning of the COVID-19 (coronavirus) heath emergency, Springdale-based brokerage Dana Transportation Inc. experienced a few weeks in which business doubled. It has since declined as the…
by - March 16, 2020 4:29 pm
The trucking industry has received a reprieve from the hours of service rule for drivers who are hauling freight to provide relief in the national emergency that is the healthcare…
by - March 2, 2020 2:46 pm
The coronavirus, or COVID-19, has thrown a new level of uncertainty into the 2020 outlook for the transportation industry. Meanwhile, spot rates are expected to rise as contract rates fall…
by - February 10, 2020 5:12 pm
The trucking industry is expected to have a good year in 2020, compared to 2019, as the U.S. economy grew about 2.2%, and that level of growth should be sustainable…
by - August 22, 2019 2:26 pm
A softer freight market has led spot rates to decline amid excess capacity, and the rates are expected to flatten through the remainder of 2019, logistics experts said. Ben Cubitt…
by - August 14, 2019 1:36 pm
Trade organizations in the trucking industry praised the Federal Motor Carrier Safety Administration (FMCSA) for looking to change to the hours of service rule as a means to improve highway…
by - May 9, 2019 3:17 pm
Trucking freight demand was soft in April, and this is likely to continue into May amid high retail inventory levels after the late 2018 and early 2019 pull forward in…
by - April 30, 2019 3:02 pm
Amazon recently announced the launch of a truck brokerage segment, and the move is expected to put pressure on margins of existing freight brokers as the online retailer shifts to…
