Download Digest INDUSTRY NEWS September 9th saw a record 134 vessels in the LAX-LGB San Pedro Bay port complex, which includes 74 vessels counted as “in port” waiting offshore. Of the 134 vessels, 86 are containerships. Kansas City Southern has selected Canadian Pacific as the best of two offers to buy the railroad. The $31 […]
Download Digest INDUSTRY NEWS • Uber Freight is acquiring Transplace. The $2.25 billion acquisition of Transplace jumps Uber deeper into the shipper market and the managed transportation sector. • U.S. Xpress’s Dive Insight provided to SupplyChain Drive, offers agreement that our heightened nrate and volume will persist through 2021 with Q1 illustrating a downturn. • […]
Download Digest INDUSTRY NEWS • Knight-Swift Transportation Holdings has acquired less than truckload carrier AAA Cooper at $1.35 billion. The deal propels Knight-Swift into the LTL market. • Werner Enterprises is acquiring ECM Transport Group, a regional truckload carrier based in Pennsylvania. This will add 500 trucks to Werner’s pool in a key regional market. […]
Download Digest INDUSTRY NEWS On the resource side, the U.S. added 266,000 payroll jobs in April. The call to discontinue the Federal supplement to unemployment insurance is spreading. In addition, reinstatement of work search requirements are being activated. As reported by the U.S. Department of Labor, the number of job openings reached a high of […]
Download Digest INDUSTRY NEWS Virginia joined a state trend allowing defendants in Motor Vehicle accidents jury trials to introduce evidence that injured drivers or passengers had not buckled their seat belts. Trucking leaders hail the bill as a step in the right direction to reform the industry’s litigation environment. The chip shortage is illustrating how […]
Download Digest INDUSTRY NEWS At the top of the list this week is the cost of fuel. The Rockfarm FSC index shows diesel now at $3.14 per gallon midway through March, a 16% increase in expense since the beginning of the year. As we can see by the chart below, the cost of crude has […]
Download Digest Industry News Carrier 2020 Q4 earnings reports have been positive as 2020 ended strong with XPO reporting its highest quarterly revenue at $4.67 billion. LTL motor carrier SAIA reported net income of $40.2 million while truckload carrier Werner posted a 25% jump in net earnings to $60.6 million. Jumping to maritime financial news, […]
Industry News Download Digest Pent up demand triggered the fourth highest sales volume for Class 8 trucks in December as volume rose past 50,000 units for the second straight month. Amazon has moved from leasing to purchasing aircraft with its first purchase of 11 used Boeing 767-300 planes. Competition for drivers is heating up with […]
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