Landstar has seen volume declines accelerate in recent weeks and management believes that a recovery is unlikely until the automotive and building products segments resume activity.
As the COVID-19 crisis deepens, it is critical for logistics workers to make sure they stay safe as they continue to keep the economy running.
“We expect that more shippers will shift from just-in-time supply chains to just-in-case supply chains,” U.S. CEO Mark McCullough said.
Other metrics helped the LTL carrier post a new record.
Relaxed regulations and insurance payment relief are certainly helping truckers, but many are also changing their mix of freight to insulate revenue.
Transportation invoice volumes fall 7.5% for payment services provider Cass Information Systems.
Heavy-duty truck maker AB Volvo saw business seize up in mid-March but exited the quarter with lower but still positive sales and profits.
Jason Bates will fill the vacant CFO role at Daseke after three years in the same role at USA Truck.
Perry sees slow recovery in volumes but sharp drop-off in available trucks and drivers.
The food supply chain is in peril as meat plants close and truck drivers struggle to find good-paying freight amid coronavirus.
Daimler Trucks and Volvo Group will work together on hydrogen fuel cell technology for heavy-duty trucks, a pursuit both companies have previously shunned in favor of battery electric propulsion.
Ike has laid off 14% of its staff
The largest manufacturer of heavy-duty trucks puts worker protections in place as it tries to make up for production lost to the coronavirus pandemic.
Landstar System calls attention to its variable cost model as first quarter falls short of expectations. No guidance issued for second quarter.
Even though crude oil prices are collapsing, truckers will see lower prices at the pump, but maybe not historically low prices.
Convoy and FourKites announced new dashboards and emissions-reduction tracking tools to help shippers identify their environmental footprint.
Container equipment shortage exacerbated by COVID-19 pandemic stresses upper-Midwest soybean exporter trying to fill his springtime customer orders to Asia.
Knight-Swift’s better than expected quarter yields to further uncertainty as the year progresses.
Aperia has launched a virtual training and support program for its tire inflation system to help fleets continue proper tire maintenance. Plus, diesel prices drop, Werner president talks trucking, and Earth Day brings somber reminders.
Charger Logistics recently became one of the first U.S. companies to install an HW’Intrawash autonomous trailer cleaning unit from Istobal for its facility in Laredo, Texas.
