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US freight volumes decline amid mixed economic signals

[caption caption="The Cass Freight Index has been negative for 11 months on an annualized basis. Photo credit: Shutterstock.com."][/caption]United States freight shipments have declined for 11 consecutive months, eliminating the volume surge of 2018 and flattening the “Trump Bump,” according to the latest Cass Freight Index report. The shipments index dropped...

Convoy snags historic $400 million investment

[caption caption="Upstart newer entrants in the brokerage industry have shaken up the space, but large and profitable incumbents note they have long invested in their own technological capability. Photo credit: Shutterstock.com."][/caption]As the US surface transportation market wrestles with the impact of new, well-capitalized brokers entering the space, Seattle-based Convoy has...

ELDs to reset the rate-making clock: TIA report

[caption caption="Carriers told TIA that driver detention times are not getting better, despite more accurate data about how long drivers are held. Photo credit: Shutterstock.com."][/caption]A “seismic shift” in the valuation of truckload rates is under way and set to pick up speed in the next decade, a report from the...

US truck drivers racking up speeding violations

[caption caption="The number of violations issued to truckers for driving 15 mph or more above limits rose 10.3 percent last year. Photo credit: Shutterstock.com."][/caption]Commerce moves fast across the United States, sometimes too fast. The number of speeding violations issued to US truck drivers increased 7.8 percent in 2018, climbing to...

Challenge to ELD rule resurfaces at FMCSA

[caption caption="Petitioner SBTC claims the ELD rule is contributing to an increase in truck driver speeding. Photo credit: Shutterstock.com."][/caption]With the deadline for the second and final phase of the United States electronic logging device (ELD) mandate looming in December, US regulators are giving a second hearing to a petition that...

US trucking firms make slim employment gain

[caption caption="Trucking appears to be bumping against a hiring ceiling in 2019, as overall US job growth slows. Photo credit: Shutterstock.com."][/caption]Trucking employment increased slightly in October after declining for three months, as for-hire motor carriers surveyed by the US Bureau of Labor Statistics (BLS) added 1,300 jobs, bringing their total...

Truck capacity ‘correction’ changes little for shippers

[caption caption="Trucking bankruptcies appear to have had little effect on capacity in the market. Photo credit: Shutterstock.com."][/caption]Large truckload carriers reduced their overall number of trucks in the third quarter, but not at numbers or at a pace that will have an effect on the current oversupply of truckload capacity. The...

US truckload carriers slam revenue brakes

[caption caption="Diversification away from reliance on \"one-way\" truckload business is key for companies such as Werner Enterprises. Photo Credit: Werner Enterprises"][/caption]A slowdown in the US economy, especially the industrial sector, put the brakes on revenue growth at the largest publicly owned truckload carriers in the third quarter, dampening expectations for...

Technology to spur LTL price hikes: TranzAct

[caption caption="The level of pricing and shipment data carriers possess is now “significantly better” than that of shippers, giving them an advantage. Photo credit: Shutterstock.com."][/caption]Technology is disrupting traditional truck pricing cycles and will push United States trucking rates paid by shippers higher in the 2020s, Mike Regan, chief of relationship...

Small US trucking firms ‘maintaining’ positive outlook: Bibby

[caption caption="A sequential increase in spot rates may be fueling some optimism among trucking firms surveyed by Bibby Financial Services. Photo credit: Shutterstock.com."][/caption]A majority of small US trucking companies view the economy positively heading toward 2020, despite the collapse of spot truckload rates in 2019, according to a recent survey....

US trucking market flashes a turn signal

[caption caption="Pricing power could swing back to truckers next year, if the US economy continues to grow. Photo credit: Shutterstock.com."][/caption]There’s a change in the air at truck stops and freight docks across the United States, and not just the arrival of fall breezes. After months of decline, spot truck rates...

Driver problems top latest list of trucking woes

[caption caption="Driver pay is a problem that won’t go away this year or next, according to ATRI. Photo credit: Shutterstock.com."][/caption]Trucking faces challenges old and new as it rolls toward a new decade, but most of them revolve around one of the industry’s oldest problems: finding and keeping truck drivers. And...

NEXT Trucking plans move to zero-emissions fleet

[caption caption="NEXT Trucking is leaning toward an electric solution to its zero-emissions pledge. Photo credit: Shutterstock.com."][/caption]NEXT Trucking’s next trucks are likely to be powered by electricity, natural gas, or hydrogen as the digital freight marketplace and asset-based carrier builds a zero-emissions fleet. The Los Angeles-based company plans to replace its...

Logistics veteran takes helm of new 3PL

[caption caption="A logistics veteran has been tapped to be the CEO of a newly formed 3PL that combines the brokerages of Atomic Transport and Cousins Logistics. Photo credit: Shutterstock.com"][/caption]Eddie Leshin, the man behind the rise of American Backhaulers and Coyote Logistics, has been named CEO of a new 3PL formed...

Roadrunner’s truckload cuts send shipper warning

[caption caption="Roadrunner is shifting focus to its core LTL business, and logistics, the company said. Photo credit: Roadrunner Transportation Systems"][/caption]The cutbacks at Roadrunner Transportation Systems’ dry-van truckload business are a reminder to shippers that they must monitor trucking financials, particularly as the current soft truckload market exposes operating weaknesses. In...

Convoy targets small shippers with free TMS

[caption caption="Convoy's new transportation management software will provide another option to small shippers relying on spreadsheets and email who also want access to digital brokerage. Photo credit: Convoy"][/caption]Convoy has unveiled a free transportation management system (TMS) for small shippers currently relying upon spreadsheets and email to secure trucking capacity, joining...

Storms nudge US truckload spot rates upward

[caption caption="Hurricane Dorian proved a tailwind for spot truck pricing in early September. Photo credit: Shutterstock.com"][/caption]Transactional truckload rates appear to be headed uphill after a long descent, boosted by tailwinds from Hurricane Dorian and now Tropical Storm Imelda. While those storms lacked the punch of hurricanes Harvey and Irma, which...

Contract freight market keeps wheels on US trucking

[caption caption="Truckers dependent on the spot market are “hurting,” but contract carriers are faring better, ATA’s chief economist said. Photo credit: Shutterstock.com."][/caption]WASHINGTON — The “freight recession” is real, but “contained” within the US truckload spot market, American Trucking Associations (ATA) chief economist Bob Costello said Monday. The contractual trucking market...

Best supply chains look inward: speakers

[caption caption="Rosser, McKean, Burke, and Mike Regan (left to right) discuss how shippers of choice are as strong internally as they are externally. Photo credit: Ari Ashe/JOC.com."][/caption]Being a shipper of choice is often as much of an internal discussion as anything else, and the best are well-integrated companies without impenetrable...

Trucking execs temper IMO 2020 concerns

[caption caption="Derek Leathers (far left) said at this CSCMP panel that the drug clearinghouse, hair follicle testing, and AOBRD transition to ELDs will have a bigger impact on shippers using trucking in 2020 than IMO's low-sulfur fuel mandate. Photo credit: Ari Ashe/JOC.com."][/caption]Trucking executives say they aren’t expecting a large increase...

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