Chris Henry, Program Manager, TCA Profitability Program (PHOTO: SHUTTERSTOCK) Two years ago, I had a very enlightening conversation with Thom Albrecht (now CFO at Celadon). We were talking about why innovation was so rare within trucking companies. Two key items came up during this discussion that rang true to me then, and still do now. […]
Ashley Coker (PHOTO: TRUCKSTOCKIMAGES.COM) While some truckload carriers tend to treat their brokerage operations as hobbies or support functions, Chattanooga-based Covenant Transport (NASDAQ: CVTI) is committed to fostering a relevant and prosperous brokerage firm with Covenant Transport Solutions. New hire Ben Caplenor, vice president of customer service, plays an integral role in that mission. Caplenor’s […]
Ashley Coker (CHART: DATA FROM TRUCKLOAD CARRIERS ASSOCIATION INSIDE FREIGHTWAVES’ SONAR) Despite many truckload carriers reporting record revenues and strong operating ratios in the second and third quarters, TCA data housed inside FreightWaves’ SONAR shows an anomalous jump in insurance expenses, spiking as high as 4.45% of total revenue at the end of October 2018. […]
John Paul Hampstead (CHART: DATA FROM TRUCKLOAD CARRIERS ASSOCIATION INSIDE FREIGHTWAVES’ SONAR) Roughly 65% of Truckload Carrier Association member fleets have structured brokerage operations, estimates Chris Henry, program manager of the TCA Truckload Profitability Program (TPP), but very few companies have insight into how their asset-light division stack up against their peers. The TCA is […]
Ashley Coker (CHART: DATA FROM TRUCKLOAD CARRIERS ASSOCIATION AND DAT INSIDE FREIGHTWAVES’ SONAR) Whether you call it a driver shortage or a driver squeeze, it’s no secret that the trucking industry is struggling to attract and keep qualified drivers. HealthCheck360 Director of Health Coaching Trent Tangen focused on another issue he considers paramount in the […]
Ashley Coker (CHART: DATA FROM TRUCKLOAD CARRIERS ASSOCIATION AND DAT INSIDE FREIGHTWAVES’ SONAR) Brokerage revenues dropped at asset-based carriers as the market deteriorated between June 2018 and August 2018, according to Truckload Carriers Association data and DAT spot rate data housed inside FreightWaves’ SONAR. TCA’s brokerage revenue data is collected from a sample of asset-based […]
Chris Henry, Program Manager, TCA Profitability Program (PHOTO: SHUTTERSTOCK) You’ve done it a thousand times. Walking through operations, you’ve asked yourself, “Why am I paying these smart people to spend half their time doing mindless tasks and data entry? What if I could free up their time to allow them to do what they do […]
Ashley Coker (PHOTO: KENWORTH) Central Oregon Truck Company will wrap-up its cross-country tour hauling the 49th U.S. Capitol Christmas Tree with one last stop at Andrews Air Force Base in Maryland this weekend before the tree is dropped off at its final destination. The Capitol Christmas Tree, dubbed “The People’s Tree,” is a tradition that […]
Ashley Coker (PHOTO: SWIFT TRANSPORTATION) Drivers at Swift Transportation, a subsidiary of Knight-Swift Transportation Holdings Inc. (NYSE: KNX), now have the opportunity to earn college degrees online through Southern New Hampshire University’s College for America program. Swift announced that the company will cover tuition costs for drivers and eligible dependents as part its Drive for […]
Ashley Coker Used Class 8 truck pricing held strong in October and same dealer sales volumes rebounded after a slight dip last month, according to preliminary data from ACT Research. “The average used Class 8 selling price recorded a sixth straight month above the trend reading,” ACT Research Vice President Steve Tam said. “On a […]
Ashley Coker (CART: DATA FROM DEPARTMENT OF ENERGY AND TCA INGAUGE IN FREIGHTWAVES’ SONAR) Even though the Department of Energy’s reported diesel per gallon price has risen 27% since early 2017, carriers have seen their net fuel expense per mile remain largely neutral, actually dropping 12% in that same time frame, according to TCA data […]
Executives from MoLo, Steam, and Arrive gave insight into the complexity of West Coast freight market volatility, which goes beyond tariffs, and talked about how brokerages and shippers are responding.
U.S. Xpress CEO Fuller warns that a lot of companies are still working with 30-year-old technology.
Fresh off strong third quarter earnings, Werner Enterprises (NASDAQ: WERN) President and CEO Derek Leathers was optimistic about the company’s future moving into peak season and beyond.
TCA’s David Heller discusses game-changing ELD data and the ways it may impact driver detention and retention trends.
The TCA and FreightWaves announced “Truckload Indexes”, a benchmark and commentary partnership that will provide near-time benchmarking of major operational and financial KPIs from best-in-class truckload carriers. This exclusive set of data points enable carriers of all sizes to compare how different data points impact the overall profitability and operating efficiency of truckload carriers.
Ontario California has toppled the Atlanta market, the reigning capital of freight volume in the country. Surging volume is to blame. How long will the elevated volume last?
