High inventories nationwide continued to weigh down for-hire U.S. truck tonnage growth in January. While tonnage last month remained flat in year-over-year comparisons, volume fell 1.4 percent month-over-month, according to the American Trucking Associations’ For-Hire Truck Tonnage Index. “Clearly, 2016 started soft for truck tonnage,” ATA Chief Economist Bob Costello said in a statement. (This […]
FTR is forecasting stable trucking conditions for 2016 after its Trucking Conditions Index rose more than two points in December to a reading of 10.88. FTR expects 2016 to be a calm year, with little or no change from the current conditions of tight, but adequate capacity.
Spot market freight volume and demand patterns remained on a typical seasonal trajectory in January, according to data recently issued by Portland, Oregon-based freight marketplace platform and information provider DAT.
From its inception as an online book retailer, to being the world’s biggest e-commerce company, Amazon’s influence and control over the sector has been almost absolute.
Driver wage increases may be limited by slowdown in freight in the fourth quarter of 2015, according to a carrier survey by Transport Capital Partners. Volume expectations were also lowered for 2016 due to the industry slowdown at the end of last year, though some carriers were cautiously optimistic for growth. In the survey, 70% […]
Although activity slowed slightly in the fourth quarter, total deal value for mergers and acquisitions in the transportation and logistics sector spiked 206 percent from the same 2014 period, according to a new report from PwC US.
The battle to recruit and keep truck drivers is heating up. As unemployment levels drop and driver pay and benefits increase, the number of drivers who move from carrier to carrier is rising. To compensate, trucking companies continue to increase pay. Carriers are moving beyond general pay increases to target specific areas, such as detention […]
The year now unfolding will be one of “stability for trucking,” contends Transport Capital Partners, given the results of the consultancy’s Q4 survey of motor carrier executives. TCP said that “despite tempered expectations” most of the respondents “remain optimistic that 2016 will bring solid growth for their companies.”
Shippers across the U.S. can expect delays this week as the Mid-Atlantic and Northeast dig out from Winter Storm Jonas, which dumped two or more feet of snow on a region stretching from West Virginia to New England and created icy road conditions in an even larger area. The storm created a multi-day crisis for […]
Last year was the trailer industry’s best shipment year in history, edging out the previous record set in 1999, according to an ACT Research report. Despite slower trailer orders in December, which fell 31% month-to-month and 38% year-over-year, ACT also believes the solid trailer-order trend will continue, though volume may not reach last year’s levels.
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