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 […]
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 […]
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