By Jeff Berman ·
May 26, 2022
April’s TVI dry van freight reading—at 273—was off 10% compared to March, with the refrigerated TVI—at 190—and the flatbed TVI—at 229—down 10% and 6%, respectively, for the same period. DAT observed that while truckload volumes usually see a decline from March to April, “with freight movement in a seasonal lull,” that was not the case this April, with the April TVI seeing van freight up 12%, reefers up 10.5%, and flatbed loads up 15.1%, which DAT said serves as an indicator of strong overall demand for truckload services.
By John Schulz ·
May 2, 2022
Leading carrier executives say a key strategy for staying on top is creating a company culture that “sets the tone for everything and everybody.” Investing in new equipment, driver training and salaries doesn’t hurt either.
By Jeff Berman ·
April 28, 2022
Earlier this month, Frisco, Texas-based Transplace, a non-asset-based third-party logistics services provider and subsidiary of Uber Freight, rolled out a new addition to its Transplace Network Services offerings, with a new tech-enabled service—entitled OptiPro—that identifies cross-customer opportunities for both LTL (Less-than-Truckload) and partial truckload freight.
By Jeff Berman ·
April 20, 2022
The new edition of the Cowen/AFS Freight Index, which was recently released by New York-based investment firm Cowen Inc. and Shreveport, La.-based 3PL and freight audit and payment company AFS Logistics LLC, highlighted how rising fuel prices are having a significant impact on both parcel and LTL (Less-than-Truckload) rates, whereas things are somewhat lessening on the truckload side.
By Jeff Berman ·
March 3, 2022
Entitled Beon, TI said that this new platform gives shippers and carriers a single point of access to access both TI’s and Atlanta-based Nolan Transportation Group’s (NTG) logistics network and services, “from port to porch.”
By Jeff Berman ·
February 8, 2022
Quarterly revenue—at $3.4 billion—increased 14% annually and was up 30% compared to 2010, representing the fourth straight quarter XPO’s revenue has set a new record, topping Wall Street estimates, of $3.269 billion. Adjusted earnings per share also set a new company record, at $1.34, and adjusted EBITDA, at $323 million, represented its highest fourth quarter level in company history, while posting a 15% annual gain, beating analysts’ estimates of $302 million, and setting a quarterly EBITDA record for the sixth quarter in a row.
By Gary Forger ·
January 13, 2022
Cowen/AFS Freight Index sees continued rising shipping costs across all modes of transportation through the first quarter of this year.
By Jeff Berman ·
January 11, 2022
Ascend’s primary focus will be on serving shippers in various verticals, including the consumer goods, packaging, and industrial supply chain, which, they added, usually require products to be shipped quickly and regionally, coupled with what the company called “exacting service requirements.”
By Jeff Berman ·
January 5, 2022
Winnipeg, Manitoba-based Bison Transport, an asset-based freight transportation services provider owned by James Richardson & Sons, Limited, said it has acquired Bangor, Maine-based truckload carrier Hartt Transportation Systems Inc. Bison said it acquired 100% of the issued and outstanding shares of Hartt, but financial details of the transaction were not issued.
By John D. Schulz ·
December 9, 2021
Amid what one trucking analyst calls “an everything shortage,” shippers enter 2022 with heavy volumes of truck shipments bracing for continued higher ground freight rates. Those rates can run in the double-digit percentage increases—on top of 2021’s increases. Those increased freight rates tended to be upward of 10% for shippers whose freight did not match carriers’ needs in this sellers’ market.
By John D. Schulz ·
November 8, 2021
Economic recovery and pandemic relief upstage harsher rules on truckers, as the overall industry applauds productivity goals. In the meantime, big environmental rules loom at EPA, while one large TL carrier wants to speed up the process to obtain a Commercial Driver’s License.
By John D. Schulz ·
November 8, 2021
Constraints on capacity and bullish demand send truckload carriers rolling into 2022 with “very robust” market conditions. However, carriers remain concerned about finding drivers, higher equipment costs, tight supplies, and infrastructure delays. Times are good for carriers, but challenges remain.
By Jeff Berman ·
November 3, 2021
Coming in at $3.27 billion, quarterly revenue posted a 22% annual gain, topping industry analyst estimates, at $3.093 billion. And XPO’s quarterly adjusted EBITDA, at $307 million, set a new third quarter record, increasing 15% annually, as well as representing the fifth consecutive quarter XPO set a quarterly adjusted EBITDA record.
WEBCAST
By LM Staff ·
October 21, 2021
While pandemic restrictions have loosened compared to a year ago, COVID-19 has not gone away entirely, and neither has the strength of today's truckload market.
WEBCAST
By LM Staff ·
September 28, 2021
This webcast will address these key themes and others, including what may be in store for the remainder of this year and into 2022, things to watch on the regulatory front and Peak Season expectations, too.