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Trucking News

Shift higher coming for truck spot rates, demand: forecast

[caption caption="Small carriers are hurting this year with falling spot market rates, but Coyote Logistics says the industry has hit bottom and business should improve to end 2019. Photo credit: Ari Ashe/JOC.com"][/caption]Truckload spot rates have been down more than 20 percent from a year ago for several months, but a...

US truck index signals rebounding demand

[caption caption="A Werner Enterprises truck on Interstate 40 in Arizona. Some data shows the trucking industry is contracting while others have a stronger view of business conditions. Photo credit: Wikicommons."][/caption]Despite gloomy indicators from some quarters, a closely watched index shows trucking industry conditions might not be all that bad.The American...

Midwest, NE truck lanes buck falling US rates

[caption caption="Trucking rates have climbed in August out of Chicago and nearby Joliet (above), a silver lining in the 2019 freight downturn. Photo credit: Shutterstock.com."][/caption]Despite the talk of apocalyptic conditions in US trucking this year, there are markets where shipping activity is picking up in August.In the Midwest and Northeast,...

2019 JOC Directory of Trucking Companies

[caption caption="The 2019 JOC Directory of Trucking Companies is a one-stop source of information for North American shippers and third-party logistics providers on nearly 180 select trucking companies in the United States and Canada. Photo credit: Shutterstock.com."][/caption]The 2019 JOC Directory of Trucking Companies is a one-stop source of information for North...

US truckload rates remain depressed this summer

[caption caption="The Cass Truckload Linehaul Index was flat in July and is expected to go negative in August for the first time since March 2017. Photo credit: Shutterstock.com."][/caption]Although United States trucking companies were hopeful that a strong June was signaling an end to what’s been called a freight recession, the...

US truckload rates remain depressed this summer

[caption caption="The Cass Truckload Linehaul Index was flat in July and is expected to go negative in August for the first time since March 2017. Photo credit: Shutterstock.com."][/caption]Although United States trucking companies were hopeful that a strong June was signaling an end to what’s been called a freight recession, the...

Top 50 trucking company rankings 2018

[caption caption="Combined truckload revenue at the top 50 US operators jumped 13.8 percent to $42.26 billion in 2018, while total LTL revenue rose 10.6 percent year over year to $42.93 billion. Photo credit: Shutterstock.com."][/caption]Strong domestic economic growth and the tightest trucking market on record translated into double-digit percentage gains for...

Seed investment targets carrier cash flow woes

[caption caption="A soft freight environment is placing trucking companies in a precarious position and compelling them to look for technological solutions where they don"][/caption]Momentum continues to grow for tools enabling truckers to get paid faster amid a tepid freight environment that is stressing the cash flow of carriers. Freight invoicing startup...

Not enough trucks leaving market to dent oversupply

[caption caption="Two trucks on Interstate 95 in Maryland. Trucking overcapacity has driven down rates in 2019 and bankruptcies have made only a small dent in the imbalance. Photo credit: Ari Ashe."][/caption]Despite an uptick in truckload companies filing for bankruptcy, not enough capacity has been removed to fix the supply-demand imbalance...

Trucking searches for 2020 vision

[caption caption="With rates depressed and freight demand low, US trucking firms hope to exit 2019 on a better note than they entered it. Photo credit: Shutterstock.com."][/caption]US truck shippers are enjoying the feast stage of a feast-and-famine cycle, as last year’s tightest trucking market on record gives way to an all-time...

Schneider closes final-mile division

[caption caption="Schneider will close the former Watkins & Shepard and Lodeso businesses after a three-year venture into final-mile deliveries, citing the persistent operating losses in the business unit. Photo credit: Ari Ashe."][/caption]Three years after making a major splash into the last-mile business, Schneider National has pulled the plug on the...

Large US truckload carriers surgically trim capacity

[caption caption="US truckload capacity will be hard to rein in after last year’s truck-buying spree. Photo: Shutterstock.com."][/caption]A correction in truckload capacity has begun, as some of the largest United States truckload operators cull excess capacity from their fleets, pulling the quarterly JOC Truckload Capacity Index (TCI) down by 80 basis...

Werner’s tech spending pays off in ‘lackluster’ market

[caption caption="Werner is increasing its use of real-time data and machine learning to better match shipments with truck capacity. Photo credit: Werner Enterprises."][/caption]Trucking may depend on heavy equipment such as Class 8 tractors and 53-foot trailers, but it is increasingly powered by technology, both in the truck and in the...

US truckload carriers still short drivers: ATA

[caption caption="The truck driver shortage will shrink in 2019, but the ATA expects it to worsen past 2020. Photo credit: Shutterstock.com"][/caption]Shippers may have no trouble finding a truck this year, but trucking companies still say they have a hard time finding drivers.The truck driver shortage has diminished in 2019, but...

1847 Holdings acquires Chicago-based trucker

[caption caption="The slow freight market could create a buyer’s market for trucking assets. Photo credit: Shutterstock.com."][/caption]As trucking bankruptcies large and small grab headlines, investors still see potential in small trucking companies and are buying them.According to a filing with the US Securities and Exchange Commission (SEC), 1847 Holdings, a New...

US truckload, LTL pricing slip, but at different rates

[caption caption="A more concentrated industry and disciplined pricing strategies underpin LTL truck pricing. Photo credit: Shutterstock.com."][/caption]US truckload and less-than-truckload (LTL) pricing are headed in the same direction, but at different speeds, according to data from IHS Markit. Truckload price increases are slowing much more quickly, provisional data from IHS Markit’s...

Mexico trucking benchmarks to launch in August

[caption caption="Trucking rate information from nine shippers underpins the launch of a benchmarking system that will enable shippers to compare the rates truckers are offering with a market average. Photo credit: Shutterstock"][/caption]Mexican shippers trying to cut trucking costs amid the country’s tight capacity and elevated rates will soon be able...

US shippers seek balance on truck capacity seesaw

[caption caption="Truck capacity is overflowing, but not all shippers are chasing the cheapest rates. Photo credit: Shutterstock.com."][/caption]The “mother of all truck capacity shortages” came to an end last year, and shippers in 2019 are awash in trucks — outside, perhaps, of a smattering of temporary, regional shortages that may accompany the...

US truckload spot rates slip, uncertainty stays

[caption caption="June proved the best month so far this year for US truckload carriers, but shipment volumes have dropped again. Photo credit: Shutterstock.com."][/caption]Spot truckload rates that increased sequentially in June are beginning to slip toward the summer doldrums, as the muted and late spring freight surge evaporates in the post-holiday...

Integration of 3PL, software systems comes to forefront

[caption caption="Shippers might soon come to expect tools like in-transit visibility and access to instant freight quotes will be provided within a 3PL"][/caption]System integrations between 3PLs and niche software providers are moving from the background to become clear, shipper-facing functions, with two notable examples in the last week highlighting the...

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