Trucking News

Average US truckload pricing has hardly risen since last June, while less-than-truckload costs continue to climb due to tighter capacity.

Increased negative sentiment toward inventory growth among surveyed shippers points to “no-build-and-hold” leaner inventory strategies that would dull freight demand.

The expedited surface transportation provider said it has kept customers and is adding business but needs to “aggressively” address profitability after a first-quarter loss.

The Journal of Commerce Truckload Capacity Index dropped to its lowest level since 2017 as large truckload carriers cut trucks loose, but excess capacity remains.

Candor Expedite’s new service is designed to let perishables shippers use lower-cost freight modes and reduce product spoilage.

The exercise equipment maker alleged in a complaint to the Federal Maritime Commission that the forwarder failed to meet its obligations under a carrier haulage agreement.

A rise in US imports is fueling optimism, especially among ocean carriers, but manufacturing’s malaise is tempering hopes for a broader transportation recovery.

The third-largest US LTL provider is joining competitors renovating and opening terminals acquired from Yellow and expects to complete that work by early 2025.

Continued year-over-year contraction in truckload shipments and shipper spending in the first quarter means the next pricing upswing is likely to be slow, rather than sudden.

Although electric trucks are improving, the electricity and charging networks needed to power them are not ready, Pitt Ohio’s Taki Darakos told a US House committee.

The impact of companies relocating manufacturing to Mexico is beginning to be felt, with Ryder’s freight volumes rising all along the US-Mexico border.

The LTL carrier said it will open 15 to 20 terminals this year in a cadence that will help improve efficiency in its network.

The federal grants lean heavily on further electrification of heavy-duty trucks, but also look to other methods for reducing emissions.

The transportation holding company has set a multi-year “medium-term” LTL revenue target of $2 billion, nearly double its 2023 LTL revenue.

Cost and pricing pressures are tightening truckload margins, but Knight-Swift CEO Adam Miller sees supply and demand getting “closer to a balance.”

The second-largest US LTL provider is protecting its “excess capacity,” and investing in terminals, equipment and people while waiting for improved freight demand.

With Class 8 truck orders dropping, ACT Research believes rising US freight demand will hit tightening truck capacity sooner rather than later.

XPO, Estes and Saia are starting to reopen terminals they acquired from bankrupt Yellow, adding to LTL trucking capacity as they pursue new business.

Knight-Swift and rival J.B. Hunt both say shippers are pushing hard for lower truckload and intermodal rates in service contracts as freight demand remains soft.

A machine learning-based platform will access data on more than 400,000 vehicles to help shippers evaluate the performance and cost of in-house trucking operations.

The country’s largest intermodal trucking provider was hit by a see-saw effect in early 2024 as a “dogfight” with truckers in the East balanced import gains in the West. 

There are signs of growth in the latest Cass Freight Index, but US transportation markets lack a catalyst that would accelerate volumes.

A rebuilt facility with 75 dock doors and parking for 300 trailers will anchor Roadrunner’s network in the Southeast as the less-than-truckload carrier expands.

Improving economic indicators are drawing small carriers back to trucking, while the LTL market continues settling post-Yellow, analysts told a Journal of Commerce webcast.

A rebound in the US Freight Transportation Services Index is the latest of several indicators pointing to stronger seasonal freight activity, but excess capacity is diluting the impact of demand. 

A cross-border temperature-controlled truckload and LTL service will connect key facilities in the company’s North American cold chain distribution network.

US trucking companies hired more workers than expected last month as stronger manufacturing and service sectors are beginning to generate more freight.

The largest truckload carriers increased revenue 40% from 2020 through 2022, but their rocket ran out of fuel last year amid tumbling spot market prices, lower contract rates and falling fuel surcharges.

A 6% reduction in overall freight helped depress LTL revenue in 2023, the top 40 carrier rankings show, despite a gain in shipments many carriers enjoyed after Yellow’s collapse.

The partnership takes advantage of growing demand that is encouraging more cross-border LTL shipping between the US and Mexico.

Nearby gateways are preparing to handle the diversion of vessels and freight that would have landed at Baltimore at least through May following the port’s indefinite closure.

The cost of moving flatbed loads from Baltimore to warehouses in western Maryland jumped more than $100 per load compared with February’s average cost, according to data from DAT Freight & Analytics.

US importers accustomed to shipping through Baltimore are facing the prospect of higher drayage and warehousing costs as they look for drivers, chassis and space at alternate ports.

Some of the 18 container ships that were due to arrive at the now-closed Port of Baltimore over the next couple of weeks are now scheduled for new calls at New Jersey, Norfolk and Philadelphia.

Freight diversions to more distant ports will raise trucking costs for US importers and shippers, but excess truckload capacity is expected to dilute the disruption. 

The bankrupt LTL provider failed to exhaust grievance procedures in its own contract as it battled the Teamsters over restructuring plans, a US District Court ruled.

Maersk is the first container line to publicly promote a direct pipeline of ocean freight to what’s known as Section 321 shipments, though the model has been used for years by freight forwarders.

The freight hauled by the largest LTL trucking company in the US will become more global under a reorganization of FedEx’s varied domestic and international networks.

The digital freight marketplace is making new software tools that target fake brokers and fraudulent pickups available to customers as well as competitors.

The Chicago-based third-party logistics provider said demand from US shippers is drawing it and its competitors deeper into the cross-border freight market.