On Monday, April 27, 2015, port truck drivers serving the nation’s largest port complex began a strike of four major drayage firms serving the twin ports of Los Angeles/Long Beach, where a crippling slowdown in early 2015 sent shock waves through the U.S. economy. Primary picket lines are now up company yards in the greater […]
The current surface transportation bill, MAP-21, will expire on May 31. Congress must use this opportunity to craft new legislation that will, for the first time, make freight a high priority.
Truck tonnage rose 5% last month, providing an indication of continued economic expansion, American Trucking Associations reported.
Diesel’s national average price fell to the lowest level since 2009, dropping 3 cents to $2.754 a gallon, the Department of Energy reported April 13.
Oil companies have a knack for picking the bottom in crude prices, and history may be about to repeat itself. Traders and analysts are speculating that Royal Dutch Shell Plc’s takeover of BG Group Plc for $70 billion announced Wednesday may be the first in a wave of acquisitions as Big Oil seeks to drive […]
(This article requires registration at the Journal of Commerce. To access, please click on the above link.) Trucking employment declined last month for the first time since May 2013 as U.S. job markets overall stumbled amid slower-than-expected economic growth.
Amid a perfect storm of increasing market demand requiring more drivers, a declining number of drivers due to an aging workforce, and fewer younger drivers being hired, the driver shortage is only getting worse, according to the HireRight 2015 Transportation Spotlight.
Turnover at truckload fleets remained high in the fourth quarter of 2014, according the American Trucking Association’s chief economist, Bob Costello. Costello considers turnover at truckload fleets to be a barometer of the driver shortage
It’s a tough time to for shippers, trucking companies or logistics managers to be in the business of forecasting the prices of crude oil or diesel fuel.
Although it’s likely to land with a solid thud on Capitol Hill — given that there are just two months left until current surface-transportation legislation expires — the U.S. Department of Transportation officially announced its $478-billion, six-year transportation reauthorization proposal.
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