Schneider National

Frozen Food Express is raising linehaul driver pay by 25% for new solo drivers and 20% for team drivers.

C.R. England is boosting driver pay an average of 15.5%, and when combined with a new bonus program, means some drivers could see a 25% pay increase.

2006: Schneider National CEO called for a return to a national speed limit, saying it was the most important thing that the federal government can do to improve highway safety.

Elevated demand and tight capacity have highlighted the trucking market for a few months now. Recent data points and commentary suggest this dynamic may not abate anytime soon.

Recent data points as well as updates from retailers suggest this inventory restocking cycle may take a few quarters to fix, meaning the current supply-demand dynamic in trucking could linger.

In today’s edition of The Daily Dash, spot rates could be heading higher yet again. Plus, truckload carriers wonder if we are in peak season or a new normal; and a Texas group tackles tort reform.

Trucking executives were on hand at Stephens Annual Investment Conference this week, making it known that this cycle is different and that the current market dynamics are here for a while.

Management from Schneider National expects tightness in the trucking markets to continue. Inventory restocking will keep truck demand elevated and new capacity is entering the market at a slower pace than in previous cycles.

Daimler Trucks’ electric truck mileage milestone and new orders for battery-powered trucks at Workhorse Group and Motiv Power Systems keep the juice flowing in industry’s nascent transition from diesel.

Project will inform regulators on ADS safety rules.

In today’s edition of The Daily Dash, shippers want to know how a broker transparency rule would impact them. Plus, Schneider and Werner are among those reporting earnings and carriers weigh in on the election.

The strength in truckload fundamentals didn’t really show in Schneider National’s third-quarter report. Lower revenue per truck, intermodal rail congestion and brokerage malaise overshadowed the announcement of a $2 special dividend.

Schneider National announces a $2 special dividend answering the mounting questions around the carrier’s future cash deployment. After the $355 million payment, the company still has ample cash to pursue other initiatives.

Demand for drivers described as ‘insatiable’ as Schneider appears to be leading the way in hiking compensation

Truckload giant appears to be out ahead of others as driver market tightens

To ensure social distancing, eight backup facilities at nearby hotels will be ready to go if the regular training sites get too full

With many data points sitting at cycle highs, several industry participants are calling for the trucking market’s bull rally to last well into 2021.

Companies have organized giveaways, promotions to recognize professional truck drivers during National Driver Appreciation Week, Sept. 13-19.

Tightening truckload and intermodal markets have carriers expecting the hot freight market to carry forward. One carrier is calling for large rate increases in 2021.

Strong spot market fundamentals and low inventories prompt UBS analyst Tom Wadewitz to raise truckload carriers’ earnings estimates for the second half of 2020.