The seasonally adjusted jobs number for truck transportation has now been more than the previous high level for two consecutive months.
Also on the podcast: Some numbers that point to why the diesel market is climbing.
Werner Enterprises beat fourth-quarter expectations and announced plans to grow revenue by 10% on average over the next five years.
USA Truck Inc. rode a robust freight and pricing market to revenue of $200.9 million and earnings per share of $1.38 during the fourth quarter.
“A complete transition to ZET technology would not only help mitigate the impacts of climate change and poor air quality but could eventually lower total cost of ownership for fleets and create job growth in the U.S.,” the report said.
Nearly a year and a half into a tight truck market and carriers continue to raise driver wages. Midwest Carriers and CFI are the latest to announce increases.
The introduction of the entry-level driver training rule is a boon for truck safety and could help reduce the industry’s driver shortage and retention concerns.
It took a delicate dance by truck manufacturers and fleets in January to keep Class 8 orders from adding to the industry’s huge backlog.
Schneider provided a better-than-expected earnings outlook for 2022 on Thursday. The company also raised margin targets in two key segments.
Supply chain challenges and higher material costs dented profits, but Cummins Inc. posted record revenues in 2021.
Donations to Freedom Convoy 2022 had reached CA$10 million on GoFundMe, which paused the fundraiser and said it wanted to “ensure the funds are going to the intended recipients.”
The truckload carrier’s OR is one of the best in the industry but it’s being done on a smaller base of business.
Truckload carriers have been raising pay for 18 months now to meet heightened demand. But when this trucking cycle cools, don’t expect wages to follow in lockstep.
Traffic is beginning to move at the U.S.-Canada border in Coutts, Alberta, after protesting truckers agree to reopen some lanes.
Less-than-truckload carrier Yellow Corp. reported better-than-expected adjusted fourth-quarter results Wednesday after the market closed.
Trucking regulators have issued updated guidance that could help new drivers get on the road faster.
Wabash retires its legacy brands to focus on the company name as its swollen backlog all but closes 2022 order books except for multiyear purchases.
RLS Logistics builds out its national cold storage network with two acquisitions.
Top executives resigned at ELMS Inc. following a board probe into their discounted stock purchases before a SPAC merger.
Los Angeles-based Virgin Hyperloop, formerly Virgin Hyperloop One, has raised more than $400 million in private capital since its founding in 2014.
