The trucking industry is rapidly changing with new technology offering an opportunity to improve bottom-line results, changes that new U.S. Xpress Enterprises CEO Eric Fuller told Transport Topics will make or break companies over the next decade or so.
March 21, 2017Business, Government, Safety, Logistics, Technology, Equipment
Truckload Driver Pay Inches Up in 4th Quarter
Salaries for truckload drivers rose at the low rate of 0.04 point in the fourth quarter year-over-year, according to the latest National Transportation Institute index (or 0.03% on a preliminary basis), the slowest in 2016.
March 20, 2017Business
Feb. Turn Times Rise at SoCal Ports Despite a Drop in Container Traffic
The total time it took a truck to enter and exit the two largest ports in North America rose a few minutes in February on a sequential basis, despite a double- digit percentage drop in container traffic in Los Angeles and Long Beach, California, due to the earlier Chinese New Year.
March 20, 2017Business
Cowan Systems Purchases Dick Harris & Son Trucking
Jim Harris, whose family owned Dick Harris & Son Trucking Co. Inc. for nearly 50 years, sold his business at the end of February to Cowan Systems, another family-owned company, which began in 1924.
March 15, 2017Business
TIA Says Loads, Revenue Up on Truckload, Intermodal Strength
Freight shipments increased 9.2% in the fourth quarter year-over-year, and 3.7% sequentially, as truckload capacity tightened, intermodal activity picked up and less-than-truckload business remained flat, according to the Transportation Intermediaries Association and industry executives.
March 6, 2017Business
Burlington Northern Santa Fe Profits Drop 8.4%
Burlington Northern Santa Fe, the parent company of BNSF Railway, reported net income fell 8.4% in the fourth quarter but, similar to other Class I railroads, the decline in the final three months was significantly less than earlier in 2016.
February 28, 2017Business
January Tonnage Rises 2.6% on Contract, Spot Market Gains
Truck tonnage rose 2.6% in January compared with the same month in 2016, reversing a decline in December, according to the monthly American Trucking Associations index.
February 27, 2017Business, Logistics
CSX Shakeup: CEO to Retire, 1,000 Managers to Be Laid Off
CSX Corp. CEO Michael Ward and President Clarence Gooden will retire May 31, and the company will lay off 1,000 managers by the end of March as it decides whether to hire former Canadian Pacific Railway CEO E. Hunter Harrison to take the reins at the Class I railroad.
February 27, 2017Business
Trucking Futures Exchange Could Launch This Summer
DAT Solutions has teamed with TransVix to establish a futures exchange that’ll allow trucking companies, third-party logistics providers and shippers to hedge against uncertainty in spot market rates, a venture that could launch as early as this summer.
February 22, 2017Business
New Jersey’s Bayonne Bridge Reopens, But Work Remains to Remove Old Deck
The Bayonne Bridge opened Feb. 20 in New Jersey after work was completed to raise the surface to 215 feet to ensure larger containerships can fit underneath and call the Port of New York and New Jersey.
February 22, 2017