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 […]
WHAT TO WATCH FOR IN 2021 AS WE WIND DOWN 2020 Download Digest • Federal Motor Carrier Safety Administration’s Drug and Alcohol Clearinghouse reported positive test results for 46,000 drivers through October. To date, less than 10% of the drivers who tested positive have completed the return to work process after testing positive for drugs. […]
Download Digest According to CargoNet, the third quarter of 2020 saw an increase of 23% in cargo theft events in comparison to the third quarter of 2019. The risk of fraud and theft in the non-asset trucking arena requires continuous vigilance, great processes and caution. Capacity is still tight, which creates a situation whereby the […]
INDUSTRY NEWS Download Digest 3rd Quarter earnings report are starting to illustrate where the larger asset carriers are at for equipment with Swift reporting a 2.3% drop in available trucks in the 3rd quarter compared to last year. According to ATA’s chief economist, Bob Costello, 30,000 truck drivers have tested positive since January of this […]
INDUSTRY NEWS Download Digest September class 8 truck orders cleared 31,000 units, the highest volume since 2018. The order rate surged beyond the replacement level of 22,000 monthly units. German truckload broker, Sennder, acquired Uber Freight’s European business unit in an all-stock deal to bolster its growth and eliminate a competitor. The acquisition adds 50 […]
INDUSTRY NEWS Download Digest DAT Solutions, a freight and analytics company, reported that its average national dry van rate, excluding fuel, rose from $1.81 per mile in June to $2.22 per mile in August and $2.40 per mile to date in September. (joc.com September 2020) RLS Logistics expanded its national network of cold storage providers […]
Speak to a Representative