The combination of volume weakness, excess capacity, declining rates and formidable year-over-year earnings comparisons have resulted in the public carriers finally waving the white flag and acknowledging that 2019 will be a struggle.
The transportation and logistics industry is evolving at breakneck speed, and keeping up has never been more important.
The trucking industry’s technical recession is causing real-world impacts to the used truck market, where sales continue to fall and even sought-after low-mileage rigs are under pressure. Preliminary used Class 8 same dealer sales fell 8 percent in June compared with May, according to ACT Research. Used truck sales were down 25 percent compared with […]
Ashley Coker IMAGE: JIM ALLEN/FREIGHTWAVES Carriers steering clear of Louisiana due to precarious weather conditions can start accepting loads into the state again. While Hurricane Barry caused serious flooding over the weekend, most of the damage was limited to rural areas with little freight activity. “Most of the damage occurred in rural areas where there […]
ACT Research says the trucking industry meets the definition of being in a technical recession as all major metrics it tracks have declined for two consecutive quarters.
The Truckload Carriers Association (TCA) announced its support of S. 2033, The Cullum Owings Large Truck Safe Operating Speed Act of 2019. The bill would require new trucks weighing over 26,000 pounds to be equipped with speed limiters set at a maximum speed of 65 mph. Existing trucks already equipped with the technology would be required […]
Ashley Coker PHOTO: SHUTTERSTOCK Small business owners across the nation slipped off their rose-colored glasses last month. The National Federation of Independent Business (NFIB) Optimism Index fell 1.7 points to 103.3 in June, reversing May’s gains. The NFIB Optimism Index is intended to track small business sentiment and is released each month. The index takes […]
R. Eddie Wayland, TCA Legal Counsel The employer ejected two union organizers from its public cafeteria where the organizers were meeting with employees. The union organizers challenged these actions and won before an administrative law judge. Following an appeal, however, the National Labor Relations Board (NLRB) overruled the administrative law judge on two of the […]
Guest post by FreightWaves’ Noi Mahoney More than $400 billion in freight crossed in both directions through the United States-Mexico border by truck in 2018. In Laredo, Texas, alone, more than two million trucks carried goods across the border last year. While President Donald Trump’s trade wars with Mexico and China have destabilized business markets, […]
Job growth rebounded nicely in June as the economy added 224,000 workers to payrolls during the month. The transportation and logistics sector was one of the many areas of strength in June, led by improved gains among parcel and trucking companies.
Guest post by FreightWaves’ Alan Adler Class 8 new truck orders rose in June from a three-year low a month ago, but the first six months of the year accounted for the slowest first half since 2010. June orders of 13,100 were 69 percent below one of the peak months of a 2018 ordering spree, […]
IMAGE: TCA Professional truck drivers Scott Wagner of Spartan Direct, based in Pevely, Missouri, and Robert Barnette of Swift Transportation Company, based in Phoenix, Arizona, have each been named a Highway Angel by the Truckload Carriers Association (TCA). They are being recognized for their willingness to drive nearly an hour to rescue a colleague stranded […]
TCA Vice President of Government Affairs, Dave Heller and TCA Manager of Government Affairs, Kathryn Sanner IMAGE: JIM ALLEN/FREIGHTWAVES The day of reckoning is finally upon us. On June 13th, Canada’s Minister of Transportation, the Honorable Marc Garneau, announced that Canada’s electronic logging device (ELD) mandate will take effect on June 12th, 2021. This means […]
PHOTO COURTESY OF OTAY MESA CHAMBER OF COMMERCE Post by FreightWaves’ Noi Mahoney Business is good at the Otay Mesa port of entry, California’s largest commercial land port of entry, which tallied a record $50 billion in two-way trade with Mexico during the last fiscal year. For June, the latest SONAR data shows outbound tender […]
Agency wants to reduce time and costs for driving schools and applicants
BiTA’s Patrick Duffy informs committee of blockchain approaching critical mass
R. Eddie Wayland, TCA Legal Counsel The employee here requested intermittent leave under the Family and Medical Leave Act (FMLA) but was instead forced to go out on continuous leave. Under the FMLA, “intermittent leave” is taking leave in separate blocks of time for a single qualifying reason. Reducing the employee’s usual weekly or daily […]
Daimler AG announced a “high-three digit million” hit to second quarter 2019 earnings related to ongoing expenses to remedy its diesel emissions woes.
Guest post by FreightWaves’ Kevin Hill Amazon’s entry into online freight matching is being met with skepticism and unease by much of the logistics industry, according to a market research report from the FreightWaves Freight Intel Group. The report, Amazon and the Logistics Industry, builds on the news FreightWaves broke on Amazon’s beta version of its online […]
Guest post by FreightWaves’ Todd Maiden The Cass Freight Index Report showed further deceleration in the freight markets in May. Donald Broughton, Founder and Managing Partner of Broughton Capital and author of the report, warns an economic contraction could be underway. Cass’ May 2019 report shows signs of weakness with both the shipments and expenditures data sets […]
