Burgeoning back orders: Fleets reluctant to book new trucks in October
October was another month of “why bother” as fleets desperate for new Class 8 trucks held off adding bookings to a morass of back orders.
October was another month of “why bother” as fleets desperate for new Class 8 trucks held off adding bookings to a morass of back orders.
Forward Air announced the acquisition of two Minnesota-based intermodal transportation outfits on Wednesday.
Trucking companies dispute the widely reported message that a driver shortage is largely to blame for the port congestion issues in California. In fact, drayage companies are laying off drivers because of port delays.
From merger to business combination in less than four months, self-driving startup Aurora Innovation expects to begin public trading on Thursday.
The DOE SuperTruck program shifts to stretch goals for battery-electric and fuel cell trucks along with megawatt charging and green hydrogen.
An October supply chain survey shows transportation capacity falling at a faster pace while freight rates keep stepping higher.
Germany-based Rhenus Logistics is acquiring Global Net Logistics, an international freight forwarding company based in Dallas.
When people think about security breaches, they often think about hackers in dark hoodies hiding behind computer screens. While some attacks do come from malicious outside parties, logistics companies should also be aware of threats coming from inside their own buildings.
Company plans to double LTL trailer capacity and add 900 dock doors.
Engine maker Cummins reduces its outlook for the full year amid the supply-constrained inability to meet elevated demands.
The new location in Woodbridge, New Jersey, will offer services such as overseas cross docking, overseas container plugs, port drayage, LTL/FTL transportation and same-day orders.
ArcBest reported record quarterly results on Tuesday, and management sees the possibility of incremental improvement moving forward.
The company announced a 5.9% general rate increase for next year, but that has no bearing on the pain many shippers will feel.
Cowen’s survey, released to the public for the first time, shows a mixed reaction on the question of whether a vaccine mandate will affect carrier business operations.
ArcBest posted record quarterly results for the third time this year on Tuesday. Each of its segments reported double-digit top-line growth.
The ports of Los Angeles and Long Beach are turning into makeshift warehouses. Officials hope new fines on lingering cargo will end the practice.
Federal regulators have vastly improved the ability to keep unsafe drivers off the road but the trucking industry is scrambling to make up the shortfall.
The front-month price of ultra low sulfur diesel on the CME commodity exchange is at its lowest level in several weeks.
TA’s diesel sales figures are a strong indicator of demand for the fuel, and they suggest that the third quarter wasn’t that much stronger than the second.
ArcBest announced Monday that it has closed on the previously announced acquisition of Chicago-based truckload brokerage MoLo Solutions.