Download Digest INDUSTRY NEWS LTL accessorial fees have come under greater scrutiny by LTL carriers as usage and charges increase. The latest hit to LTL pricing over is Old Dominion’s announced flat fee of $1,000 for over length shipments. The wake up call arrived with the announcement by the Port of Los Angeles to move […]
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 Import contingency plans are in full swing as C-19 restrictions are put into place to stop the spread of C-19 at south China ports of Yantian, Shekou and Nansha. The Yantian International Container Terminals in South China are creating disruptions that exceed the impact of the six day Suez Canal blockage. […]
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 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, […]
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. […]
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. […]
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