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 […]
INDUSTRY NEWS Download Digest Roadrunner Transportation Systems continues its transformation to focus on its LTL business after announcing plans to spin off its 3PL business, Ascent Global Logistics. The spin off to shareholders is expected to be completed in August. As a sign of our current environment, UPS exceeded 2nd quarter forecasts with a […]
Industry News Download Digest YRC Worldwide (YRCW), parent to YRC Freight and regional LTL carriers Holland, New Penn and Reddaway, announced the U.S. Treasury will provide a loan of $700 million under the CARES Act. The loan agreement calls for the U.S. Treasury to receive 29.6% equity ownership in YRCW. Class 8 retail truck sales […]
Industry News Download Digest JOC’s Truckload Capacity Index (TCI)(TCI) continued its decline for the 4th straight quarter as large carriers eliminated capacity. The large carriers reduced capacity upwards of 4% by reducing their independent contractors and foregoing hiring new drivers. DAT Solutions has acquired Freight Market Intelligence Consortium (FMIC) from Chainalytics. The acquisition highlights the […]
2019 has shown that technology adaption in supply chain is moving at a rapid pace. What is now available is an array of technology solutions that can directly address the concerns of shippers. The key concerns for shippers still remain cost reduction, enhancement of the customer experience and controlling market variables that impact carrier pricing. […]
As we have seen by the recent storms, winter has arrived to most parts of the U.S. It does not take a great deal of unsettled weather for driving conditions to deteriorate and late deliveries begin piling up. Regional weather impacts can have the most dramatic impact on customer service as carriers will shut down […]
We have been seeing new ways carriers are reacting to shippers and receivers that take productive time out of a driver’s day. Picking up a shipment and delivering a shipment are the necessities to bill revenue, however it is the movement of the shipment that drives the revenue. Regardless of mode, carriers are increasing existing […]
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