Download Digest INDUSTRY NEWS Knight-Swift continues investment in its LTL network with over 13% of its revenue now generated by its LTL subsidiaries. About 5% of the U.S.’s oil refining capacity remains shut since the pandemic. To make matters worse, 1.69 million barrels of U.S capacity is targeted for closure compared to 2019 levels, according […]
Download Digest INDUSTRY NEWS The inspections are over. On Friday, Governor Abbott of Texas repealed his order requiring stepped up inspections of all commercial truck from Mexico. The resultant backlash from the border congestion caused by the increased inspections gave way to the last of the bordering Mexican states, Tamaualipias, signing new commitments to border […]
Download Digest INDUSTRY NEWS Preliminary February numbers on Class 8 truck orders came in even with January’s volume. Overall, orders are down 50% from last year. ACT Research has the 2022 forecast sitting at 294,600 trucks versus 221,000 trucks produced in 2021 according to Ward Intelligence. XPO Logistics announced it is spinning off its North […]
Download Digest INDUSTRY NEWS Moller-Maersk intends to acquire Pilot Freight Services, for a planned transaction price of $1.68 billion. Maersk’s vision is to keep building an integrated logistics offering for its customers. Pilot brings 87 stations and hubs throughout North America. The ability to acquire is driven in A.P. Moller-Maersk’s record earnings in 2021. Maersk […]
Download Digest INDUSTRY NEWS As of January 16th, the Port of Los Angeles is reporting 16 container ships in port with 9 awaiting berth within the 40 nautical miles of both LAX and LGB ports. In addition, there are another 94 container ships en route to the San Pedro Bay, home for both LAX and […]
Download Digest Top 10 Challenges for 2022 LTL capacity: Acquisitions create constraints and carrier shutdowns add fuel to the fire. Broker Financial Stability: Small and midsize brokers are being constrained by credit limitations due the rising cost per load. Longer shipper terms and increased volume can create challenges for brokers trying to pay their carriers […]
Download Digest Industry News: LEADING TRENDS IN 2022 Editor’s Comments: I do not believe you will get much argument that 2021 has been a year of disruption. The general consensus was hoping that 2021 would see the recovery from the pandemic continue on a positive trend as we grasped for the pre-Covid normalcy. Obviously, events […]
Download Digest As we wind down 2021 and look ahead to 2022, truckload bid strategies are taking on a whole new meaning as forecasts become challenging based on the volatility we have seen over the last two years. Strategies being deployed include: Shorten the annual bid term to quarterly or six months, increasing tender acceptance […]
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