Loadsmart, a logistics technology company that uses data analytics to provide instant quotes and capacity, has raised its Series A financing led by Maersk Growth.
FreightWaves triples the lanes available for the tender rejection indices along with diesel price and volume data. Highly regarded Institute for Supply Management indices have also been added to deepen the macro-economic section.
Wolfe Research downgraded several trucking stocks Friday after their analysts revealed concerns over spot rates, according to Seeking Alpha
A whopping 97 percent of the employers in the transportation industry feel fatigue impacts their business.
FreightWaves reached out to OOIDA for their perspective on the current state of affairs in trucking. We also want to engage in a dialog from the fragmented industry interests, seeking points of agreement, as well as naming points of contention.
Indices are clearly signaling that the container volume coming in through the Long Beach/LA port is surging and bodes well for the holiday shopping season.
North American Class 8 net orders came in around 42,800 units in September, falling 19 percent from August’s 53,069 units, according to preliminary data released by ACT Research.
Rising driver wages and fuel costs pushed up the cost per mile to operate a commercial vehicle in 2017, according to an annual report released by the American Transportation Research Institute (ATRI). The group said it cost $1.69 per mile to operate a truck last year, up 6% from 2016’s cost.
Tired truck drivers? That’s a big concern based on a new survey by the National Safety Council that found 97% of transportation employers are worried about employee fatigue.
Tender volumes are taking many by surprise, but not those that understand what is happening with the use of ELD’s by small carriers, especially in the dry van segment.
In the latest BiTA webinar, we reviewed the state of blockchain with industry experts. Mitch Hixon, Executive Vice President of Membership Engagement, BiTA spoke with Rachel Parker Sealy, Partner, PwC Advisory and Kris Kersey, Director, PwC Advisory, providing insights from PwC’s 2018 Global Blockchain Survey of 600 executives from 15 territories.
How good is the technology and powertrains on modern tractors? A group of journalists driving similarly spec’d Mack Anthem sleeper models, achieved over 8 mpg – even as high as 10.5 for one day – with the trucks on a three-day run from Asheville, NC, to New Orleans.
There is plenty of evidence for increased capacity in the freight market. Volumes are higher than they were in March when the spot market was considered more volatile.
Bernd Heid from McKinsey elaborated on the future of mobility, drawing instances of disruptions in the transportation industry and the need for adapting business models to market and regulatory requirements.
It also marks the sixth time in eight months NA Class 8 net orders topped 40,000 units, according to ACT Research.
The smartest minds on Wall Street use charting analytics to quickly identify and then track trends in multiple data sets. Why? Because it works. And now freight professionals are learning how to do the same.
ZF, the German automaker has released innovative trucks that can load and unload at the warehouse and last-mile electric delivery vans with level 4 autonomy.
With ELDs in nearly every truck, it was only a matter of time before insurance companies started to utilize the devices. Progressive is among the first, launching a new discount program for truckers that provide Progressive access to their ELD data.
The full brunt of Florence has yet to be felt in the freight market, but there was plenty of regional impact as carriers and shippers scrambled over the past week to mitigate damages.
Cashflow Corner presented by TriumphPay …Factoring can be a great way for small businesses, especially trucking companies, to manage their cash flow effectively and not devote valuable time that can be better spent hauling the next load because you are chasing down a late payer.
It may no longer be a hurricane, but Florence is still expected to exact a toll on the Carolinas and then further inland over the next several days as the slow-moving storm drops rain measured in feet rather than inches across a wide swath of area.
The underlying science of glider kit emissions was the topic of a hearing on Thursday in Washington, although opponents of glider kits were not part of the panel.
As bands of Hurricane Florence are beginning to hit the East Coast, DTN provided a storm update.
FEMA stands ready to address the aftermath of Hurricane Florence and the Federal Motor Carrier Safety Administration has now issued a “Regional Emergency Declaration” for 13 states and the District of Columbia as the southeast braces for the historic storm.
Cashflow Corner presented by TriumphPay …There may never be a better time to replace your current truck, and while It may not be a new one, a low mileage, high-quality used truck could also provide a big tax benefit.
Speaking at the American Trucking Associations’ (ATA) 2nd Annual Economic Summit on Thursday in Washington, DC, ATA President & CEO Chris Spear touted the accomplishments of the association but told attendees now is not the time to become complacent.
Which jobs in the trucking industry are most at risk to autonomous trucking, and what can we do to prepare?
FreightWaves releases the Headhaul Index, a measurement of the discrepancy between inbound and outbound volumes.
For gay, lesbian, transgender and black truck drivers, life on the road can be a comfort and provide a level of safety and security, in part because of the way the trucking community has accepted them.
One year later the memories of Harvey are still fresh. With the peak of the Atlantic hurricane season approaching the first real tropical threat to the U.S. mainland is targeting the central Gulf Coast with flooding rain and storm surge potential.
Wipro Limited, a leading global information technology, consulting and business process services company, has joined the Blockchain in Transport Alliance (BiTA).
The Blockchain Research Institute (BRI) and Blockchain in Transport Alliance (BiTA) today announced a new partnership to improve coordination, cooperation and governance within their respective memberships.
Peter Stefanovich of Left Lane Associates, an M&A advisory firm for the transportation industry, talked to us about the current outlook for M&A and why now is the perfect time to sell.
It looks like the freight market is waking up from the long running summer doldrums, or is it just a byproduct of the pre-holiday shipper procrastination.
ELDs are one part of the overall telematics picture that fleets can utilize to greater efficiency, according to a new survey of fleets.
With a vision of bringing “trucks, trailers and goods online,” KeepTruckin continues to innovate and invest in technologies that improve the lives of drivers.
Mexico will enact a law regulating truck drivers’ hours of service this week. It is the first law of its kind in Mexico, as driving time has never been managed on the federal level before.
Cashflow Corner presented by TriumphPay …Regular budget forecasting can help businesses better manage their cash flow and help identify potential revenue problems.
As schools are back in session this month, students across the country are stocking up on easy, cheap, dorm-friendly foods. Most notably, instant ramen noodles. They’re certainly a hot commodity this time of year—so hot, in fact, that thousands of dollars worth of ramen has gone missing outside of Atlanta.
Joe DeLorenzo, director of the Office of Enforcement and Compliance for FMCSA, went through some of the common problems the agency is seeing since the ELD mandate went into effect, and there have been plenty.
The Dry Van Weekly Barometer is predicting stronger contract pricing in coming months. Even though it has pulled back from extreme highs, it continues to reflect one of the highest levels of demand in excess of capacity in the history of the barometer.
Uber Freight is gobbling up $500M per year; the US and China hit each other with a new round of tariffs; Georgia Ports extends its inland intermodal network; Saudi Arabia’s Aramco IPO indefinitely delayed; cannabis supply chains mature; Houston is now an oil exporter.
Uber Freight continues to gain scale as the company doubles-down on the business
For those in the trucking industry, Mack Trucks – with its 111-year heritage – is certainly an iconic brand. For new Mack Trucks President Martin Weissburg, that was reinforced over the past four years as he led Volvo Construction Equipment in Europe.
All three modes of truckload freight are reflecting an environment in which demand exceeds capacity by a wide margin, which sets up for continued strong contract pricing.
Shippers feel like they’re in uncharted territory even a year into an extremely strong trucking cycle, and they’re adapting in a number of ways, including building depth into routing guides, accepting lower service levels, and extending tender lead times.
In partnership with Reliance Partners …If you’re obsessed with growth, you’ll love the report. If you’re obsessed with logistics and the movement of freight, you’ll love the news even more.
While carriers and shippers can’t change the weather, they can learn to work with it – or at least around it. That’s where the expertise of a company like AccuWeather comes in handy.
This week’s freight market continues the same patter toward stability, but volume remains steady as we move towards a more volatile time of year.
Land O’Lakes is moving Purina Feed loads via the Uber Freight app along several lanes, including one in Texas where 100% of the loads are posted to the app.
The Freight Movement is in partnership with Arrive Logistics …The continued speculation over global trade and tariffs has increased the uncertainty that manufacturers and the businesses that support them face, but it hasn’t dampened optimism.
In partnership with Reliance Partners …Among other things, women are known to take fewer risks on the road and also drive more carefully compared to men, thereby reducing the number of accidents caused due to negligence.
The transportation industry continues to problem-solve the driver shortage, and carrier-created training programs are on the rise. One such program is offered by Holland, a regional carrier based in Holland, Michigan.
As polls open today for Tennessee primary elections, you might see an unfamiliar name on the ballot: Aaron Pettigrew. Currently an over the road driver for Big G Express—based in Shelbyville, Tennessee—Aaron Pettigrew has been in the industry for 14 years and has over a million and a half miles to show for it.
Schneider National became the latest carrier to announce that it has benefited financially from the strong pricing and capacity squeeze when it announced its second-quarter operating revenues were up 15% year-over-year.
Stifel’s super-team of equities analysts took a hard look at trade war risk for carriers in every mode and various types of logistics service providers. Dry bulk maritime is the most exposed, while air cargo is the least. Railroads and intermodal carriers like JB Hunt and HUB Group also have significant risk.
Sponsored by Reliance Partners…The DOT’s pilot program to study the feasibility of 18-21-year-old drivers will have an insurance impact, but what exactly do insurance providers think of the proposal?
Recently we had the honor of hosting Ellen Voie, founder, President, and CEO of Women In Trucking Association (WIT) at Convoy HQ. WIT’s mission is to encourage the employment of women in the trucking industry, promote their accomplishments, and minimize obstacles faced by women working in the trucking industry. Read the Full Blog Post
There’s a side of the trucking industry most don’t see. Look behind the hardened exterior and you’ll find a community of people dedicated to both their profession and their community. Read the Full Article
The current freight marketplace makes one thing clear, America needs more trucking companies. Capacity is at historic lows and rates are skyrocketing nationwide. Read the Full Blog Post
The trucking industry is responding to the driver squeeze in a myriad of ways, from increasing pay per mile to offering competitive sign-on bonuses. While carriers continue to try make the job appealing to drivers, community colleges across the nation are also doing their part to fight against the shortage.
From the first DOT week with ELDs to unprecedented load-to-truck ratios in California to the start of the summer season, the past few weeks have been overwhelming for many shippers. Companies are paying more than ever to move their products and carriers are failing on loads or rejecting primary freight, leading to a very hot […]
Solar power may not be the cure-all for reducing fuel costs, but it can provide assistance and achieve payback in relatively short time if used in the right applications.
To successfully market a new or existing product, a company needs the right mix of product innovation, marketing, sales and promotional efforts. Some companies are finding that outsourcing some or all of these functions can provide many benefits over in-house teams.
Alleging that Prime Inc. put female truck drivers in harm’s way, the U.S. Equal Employment Opportunity Commission (EEOC) filed suit this week against the carrier, alleging Prime did not take adequate steps to prevent sexual harassment of a female truck driver.
After leveling off in April, pricing in the trucking industry rose again in May, with local trucking prices posting their largest month-over-month gain in the post-recession era with a 1.7% increase, according to May Producer Price Index.
RevUnit, a digital strategy and product studio with clients in the logistics space, has joined the Blockchain in Transport Alliance (BiTA) to help industry leaders work toward common blockchain standards.
No longer just a tire company, Michelin is quickly becoming a “solutions” company as it positions itself as a business its customers can rely on regardless of their needs.
Most may not associate the World Wildlife Fund (WWF) with freight movement, but the organization is working hard to change that and the industry, launching a new transport decarbonization tool on Wednesday.
As fleets adopt more advanced safety system, the issues of initial and ongoing driver training become the primary vehicle to the success of those system.
Retail sales are in. One more indicator the economy is still rolling along. Trucking companies show signs of continuous improvement.
Brokerage firms struggle with finding carriers for loads and real visibility in the industry is still a concern. Trucker Tools is providing a solution to this predicament through its Smart Capacity feature.
A Walmart worker loads a trailer inside a distribution center. Private fleets can provide significant value to their broader organizations, but they still must compete for business, which is why customer service ranks so high as a top concern.
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.
Anheuser-Busch will purchase up to 800 Nikola Motor Company hydrogen-electric trucks as part of a plan to convert its dedicated fleet to alternative fuel by 2025.
The first month of the second quarter is in the books. While the economy shows it is still going strong, there is some tempering in the freight market. Trucking companies are still uncertain with what lies ahead.
Cashflow Corner presented by TriumphPay …Summer is almost upon us and with that comes hot temperatures. So how can you stay cool, and just as importantly, how can you keep your truck running?
Trimble has announced that David Wangler, president and CEO of TMW Systems, passed away on April 26.
The year 2018 is shaping up as one not seen in trucking in more than a decade, explained Chris Lofgren, CEO of Schneider National, on the company’s earnings call on Thursday morning.
California is applying meal and rest break provisions to truck drivers that are in conflict with federal hours-of-service regulations, according to many in the industry. That is why so many are pushing to include the Denham Amendment in the FAA authorization bill.
Covenant Transportation Group saw revenue and earnings increase and predicted that the second quarter presents an even bigger opportunity for the carrier.
Cashflow Corner presented by TriumphPay …Truck operators have a number of regulations they must meet to operate in California, including trailer and refrigeration unit mandates. Failure to do so can lead to big fines.
The first quarter of 2018 has come to a close. While volatile, many transportation companies saw growth and shippers are recognizing a potential shift in who has the leverage in the marketplace for the first time in years.
Cashflow Corner presented by TriumphPay …The interview process is just one area where companies can be tripped up by asking the wrong questions, which could potentially place them in legal jeopardy.
Shippers are anticipating continued volume increases, tighter capacity, and further rate increases according to a Morgan Stanley survey.
The first major transportation provider out of the box with first-quarter earnings has posted a better-than-expected result in revenues with J.B. Hunt Transport Services topped revenue estimates for the quarter.
Presented by Reliance Partners …CAB compiles data and translates that into actionable information for insurers and underwriters to make more informed decisions on carriers.
After strong fourth-quarter earnings results, weather and other external forces are expected to weigh on earnings reports in the first quarter, resulting in a mixed bag for public companies.
Shippers and trucking companies can be charged high fees and detention costs by cargo lines and marine terminal operators for not picking up loads on time, but the Federal Maritime Commission is now going to investigate that practice.
Wages continue to rise for America’s truckers as the trucking industry contends with driver shortages coupled with an increased demand for shipping services.
To help fleets maximize the value of their equipment, Ryder has launched an Airbnb-type sharing platform that facilities the rental of idle equipment to those in need.
PAM Transport, Inc., a top 100 largest For-Hire Carrier in North America, announced today that it has joined BiTA.
One thing that hasn’t changed (yet) with the ELD mandate is the way drivers get treated at shippers and receivers. The old adage of “hurry up and wait” has never been more apt, especially in the over-the-road truckload sector.
Presented by Reliance Partners …Cargo theft doesn’t just happen on the road, it can also happen at the warehouse. To prevent it, leading experts noted some of the approaches that scare away thieves.
Shippers are increasingly being held responsible for actions of carriers hauling their freight, says a leading transportation attorney.
Shippers that work closer with carriers and treat drivers with respect can see lower transportation costs as a result.
If you want to make a million dollars, all it takes is a little hard work and creating something that has value.
Last fall, it was revealed that Hino – traditionally a medium-duty truck company owned by Toyota – would build a Class 8 truck for North America. That truck was unveiled on Wednesday at the Work Truck Show in Indianapolis.
Mack Trucks is hoping its Mack Over The Air remote software update program brings as much success to customers going forward as it has for early adopters.
The Starship is a futuristic-looking, but completely road legal, Class 8 tractor-trailer unit built through a collaboration between Shell and AirFlow Truck Company.
