Stifel’s John Larkin captivated the audience with a wide-ranging presentation on transportation and logistics across modes during Tuesday’s lunch at the McLeod User Conference 2018.
FreightWaves spoke to ArcBest officers about Off Wall Street’s research report, which they said raised concerns about off-balance sheet liabilities related to pensions.
FreightWaves spoke to GlobalTranz CEO Bob Farrell and AFN Logistics CEO Owen Schnaper about the deal.
Amazon is scaling up its asset side on both last mile delivery and linehaul, pursuing a low-cost strategy of leased vehicles, independent contractors, and power-only deals with enterprise carriers.
Overall revenue at Roadrunner is up, but it remains burdened by high interest charges necessary to have given the company a strong capital base.
Opus9 launched its digital platform, automating every step of the truckload and LTL shipping process, Tuesday. The new platform is intended to “digitize an old industry and bring it forward,” according to Vice President of Product Management Jeff Hiller.
It’s the first time LTL carrier Old Dominion has ever posted an OR under 80, even as it added more than 900 new employees.
The asset-light expedited LTL carrier posted strong volume and yield growth, and is tacking on intermodal businesses by M&A, but playing catch up with its truckload brokerage.
Data on producer prices shows that overall inflation pressure cooled in the economy last month, as big declines in food prices offset gain in other areas of the economy. Trucking prices remained essentially unchanged for the second consecutive month, but remain elevated relative to this point last year.
ts best performance in year-over-year increases in revenue per hundredweight (excluding fuel surcharge) in years was not enough to turn a first quarter profit for YRC Worldwide.
PT expenditures rose about 40% for the quarter.
Even with a higher cost burden, it still managed an improvement in its operating ratio.
A push for density-based pricing is happening in the less-than-truckload (LTL) segment of the transportation industry, but it’s nothing new.
Data from the Producers Price Index showed that prices for trucking services remain high, and a spillover in demand may be causing a surge in intermodal rates.
Stifel returns to trucking with an array of notes on individual carriers and a comprehensive industry update. Analysts expect 12% increase in truckload rates y/y, spillover into LTL and intermodal, and no relief in sight for the driver shortage.
Producer price inflation remained relatively modest in February, but trucking prices grew at the fastest pace since 2011
E-commerce sales are putting pressure on retailers and that is leading to additional changes to the movement of freight and logistics.
While producer price inflation for the overall service sector has remained fairly benign, hovering between 2-2.5%, freight trucking inflation has been accelerating rapidly. After a dismal 2-year period of declining rates within the trucking industry, prices have picked up, with inflation reaching a 6-year high in January.
Blockchain is a foundational technology, said Jason Kerner, vice president of sales engineering for Project44, that will allow the building of transformational technologies in the future.
According to the Department of Transportation, nearly 20% of all trailers are traveling empty down the highway. That doesn’t account for trailers that are running less than full. That empty space, whether it is enough room for one pallet or ten, is a revenue opportunity lost.
