FedEx Corp. reported profits rose 1.3% for its fiscal second quarter versus one year ago, as growth was hampered by a decline in profitability at the less-than-truckload division, according to the company’s Dec. 20 earnings release.
January 2, 2017Business
Truck Tonnage Jumps 5.7%
Truck tonnage increased 5.7% in November, the first year-over-year increase since August in American Trucking Associations’ monthly index, a sign that the industry could be turning a corner heading into 2017.
January 2, 2017Business, Logistics, Technology, Equipment, Safety, Government, Fuel
Schneider Files to Go Public; Family, Execs to Keep Control
Truckload and intermodal carrier Schneider National Inc., No. 7 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers, filed financial documents with the Securities and Exchange Commission on Dec. 22 as a prelude to the company going public, possibly later this year.
January 2, 2017Business
Driver Pay 'Flat as a Pancake' in 3rd Quarter; Wages Could Rise in '17
Driver pay grew in the third quarter at the lowest levels in seven years as fleets continue to hedge against soft demand, but two large truckload carriers have announced raises effective Jan. 1 that could catalyze others to follow in 2017, according to an industry official who studies salaries.
December 19, 2016Business, Logistics
XPO Weighs in on Optimizing Packaging
XPO Logistics and Sealed Air teamed up last month to announce a new product for shippers, a partnership that could reopen the discussion about how efficient packaging can boost profits for trucking companies, experts said.
December 19, 2016Business
November Truck Turn Times Tumble at Ports of L.A., Long Beach
The average time it took trucks to enter and exit the two largest container ports in the United States dropped 15 minutes in November compared with October, according to data from the Harbor Trucking Association of Southern California.
December 19, 2016Business, Government
Positive Traffic News at Ports of Virginia, Charleston, Jacksonville
November was a positive month for several of the top ports in North America, according to monthly statistics released in mid-December.
December 13, 2016Business
Driver Turnover Falls to Five-Year Low; Large Truckload Rate at 81%, ATA Says
Driver turnover fell 19 percentage points year-over-year to 81% in the third quarter for larger truckload fleets, dropping to the lowest level in five years due to the soft freight environment, American Trucking Associations reported last week.
December 12, 2016Business
ATA: Driver Turnover Hits Five-Year Low at 81%
Driver turnover fell 19 percentage points year-over-year to 81% in the third quarter for larger truckload fleets, dropping to the lowest level in five years due to the soft freight environment, American Trucking Associations reported last week.
December 9, 2016Business
DCLI to Raise Chassis Fees; Trucking Response Mixed
Direct ChassisLink Inc. will raise daily chassis rates it charges trucking companies to haul containers from ports in the Southeast, Gulf Coast and Midwest beginning Dec. 15, following similar increases from Trac Intermodal and Flexi-Van Leasing Inc. this summer.
December 5, 2016