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LTL carrier Estes Express bids on NEMF flatbed assets

[caption caption="LTL operator Estes Express Lines plans to bolster its non-LTL logistics business through a bid for flatbed equipment owned by subsidiaries of bankrupt New England Motor Freight. Photo credit: Estes Express."][/caption]Estes Express Lines, the fifth-largest US less-than-truckload (LTL) carrier, is pursuing truckload assets, especially flatbed trailers, as it builds...

Big US truckload operators drive profits despite slowing volume

[caption caption="Despite gloomy freight economy indicators, publicly owned truckload carriers are rolling into the second quarter with stronger bottom-line profits. Photo credit: Shutterstock.com."][/caption]The largest US truckload carriers are boosting profitability and gaining freight despite an overall downward trend in shipping volumes, according to data from corporate earnings reports and research...

Increase in US truck registrations eases capacity

[caption caption="New trucks are hitting US highways at a faster pace in early 2019, according to IHS Markit, following a surge in orders last year. Photo credit: Shutterstock.com"][/caption]A nearly 20 percent increase in the number of new heavy trucks and tractors hitting US highways in early 2019 is another sign...

Capacity ‘overshoot’ pulls down truckload contract rates

[caption caption="Truckload carriers added enough capacity in 2018 to"][/caption]Truckload pricing power has swung back to US shippers, and it’s difficult to see when that might change as the US economy expands more modestly in 2019 than last year, Kevin M. Zweier, vice president of transportation practice at Chainalytics, said during...

Small US truckers feel pinch as pricing drops

[caption caption="Two-thirds of small trucking carriers reported losing business to competitors charging “unsustainably low prices” within the past year, while 55 percent said customers have requested price cuts. Photo credit: Shutterstock.com."][/caption]Small US trucking companies are feeling the sting from falling prices and heightened competition for freight, but those carriers remain...

CBP takes aim at border freight delays

[caption caption="About 300 CBP officers are being deployed to the Southwest border from other parts of the country in an effort to alleviate crippling cargo congestion at key crossings. Photo credit: Shutterstock.com."][/caption]US Customs and Border Protection (CBP) is rushing to get Customs agents back in position at clogged Southwest border...

Need for speed trumping UK emissions efforts

[caption caption="More than 1.5 billion tons of goods were transported within the UK in 2016, with more than three quarters traveling by road. It is a source of carbon emissions that the industry wants government support to tackle. Photo credit: Lambert Brothers."][/caption]The demand for faster delivery in the United Kingdom...

US-Mexico truck delays forecast to last weeks

[caption caption="US-bound trucks arriving at Mexican border face weeks of further delays, as immigration crisis spawns a freight crunch. Photo credit: US Customs & Border Protection."][/caption]Shippers dealing with trucking delays and congestion at the US-Mexico border must make changes to their supply chains if they want to minimize the cost of...

Few signs of economic spring for US truckers

[caption caption="A lackluster spot market is putting more pressure on truckload contract rates, as a sodden spring, higher inventories delay the seasonal retail freight surge. Photo credit: Shutterstock.com."][/caption]This is not expected to be a recession year, but it may feel like one for many truckload carriers. Weaker freight demand and...

US-Mexico border backup pummels supply chains

[caption caption="US Customs and Border Protection (CBP) is transferring agents at the US-Mexico border from freight inspection to immigration duties, causing widespread cargo delays. Photo credit: Shutterstock.com."][/caption]Freight processing capacity at the US-Mexico border has been slashed 30-40 percent in a week by the transfer of US Customs and Border Protection...

Pending US truck regulations to curb capacity

[caption caption="Once the National Drug and Alcohol Database is established, information on failed drug tests will become part of a driver’s permanent record, accessible to any prospective employer. Photo credit: Shutterstock.com."][/caption]After experiencing the disruption caused by the electronic logging device (ELD) mandate in 2018, US shippers and truckers could be...

Truckers seek safe harbor at larger US carriers

[caption caption="A sudden drop in driver numbers at small US motor carriers hints at a market shift that would benefit larger shippers. Photo credit: Shutterstock.com."][/caption]A shift of US truck drivers from small to large motor carriers could make it easier for large shippers to find capacity and keep downward pressure...

US-Mexico freight slows as potential shutdown looms

[caption caption="North- and southbound truck delays are mounting on the US-Mexico border as a wave of immigrants stretches US Customs and Border Protection thin. Photo Credit: US CBP."][/caption]Freight costs and congestion are rising along the dividing line between Mexico and the United States, and will continue to do so whether...

PE firm reacquires GlobalTranz nine months after selling

[caption caption="Phoenix-based freight broker and third-party logistics provider GlobalTranz has more than 25,000 customers and a network of 34,000 carriers. Photo credit: Shutterstock.com."][/caption]GlobalTranz has been acquired by a not-so-new private equity owner, Providence Equity Partners, just nine months after the firm sold its previous stake in the Phoenix-based freight brokerage.Financial...

Private equity to fuel Truckstop.com expansion

The wave of private equity investment aimed at transportation technology has hit the truckload spot market, with ICONIQ Capital buying a majority stake in Truckstop.com for an undisclosed amount. Truckstop.com said Wednesday the investment will fuel technology research and expand the spot-market services it offers to freight brokers and trucking...

US truck shippers grapple with legal weed, driver regulations

[caption caption="Truck capacity is still top of mind for shippers, but issues from the impact of legalized marijuana to new federal regulations and how to automate operations are not far behind. Photo Credit: William B. Cassidy"][/caption]Truck capacity, driver shortages, and transportation costs were top concerns for the nearly 300 executives...

Biggest US truckers grab larger market share

[caption caption="The 50 largest US trucking operators now claim 38 percent of the for-hire trucking market, up from 27 percent in 2009, indicating long-term sustained growth in a volatile market. Photo Credit: UPS."][/caption]Trucking may be a fragmented market, but the largest trucking companies in North America are increasing their market...

US truckload contract pricing falls as market swings

[caption caption="Truckload contract rates are heading down 5 percent after climbing 20 percent over the past two years, Chainalytics. Photo credit: Shutterstock"][/caption]MEMPHIS — US truckload pricing is no longer rising but dropping. Truckload contract rates will fall 5 percent on average over the course of the first half, Matt Harding,...

Retail shippers raising supplier delivery standards

[caption caption="Suppliers to stores such as Dollar General can arrange their own transportation or outsource back to the retailer, which uses Werner Enterprises, among others, to haul merchandise. Photo credit: Shutterstock.com."][/caption]Walmart’s recent announcement of new tighter delivery standards for suppliers, starting in May, signals how retailers are ramping up the...

Higher ‘accessorials’ raising costs for US shippers

[caption caption="Pressure on truck rates may lead to greater use of accessorial charges to capture costs not always covered by pure pricing, a transportation consultant warns."][/caption]As US freight rates decelerate from the breakneck pace of 2018, shippers need to watch for rising accessorial charges on freight bills, according to the...

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