With trucking rates so high, companies are wrestling with the new reality that a driver doesn’t need to work a full schedule to pull in a decent salary, David Parker, chief executive of Covenant Logistics…
Data from the Council of Supply Chain Management Professionals’ Logistic Managers Index shows that between May 2020 and February, inventory costs, warehouse prices and transportation prices were between 27 to 39 points higher than the…
The list of things to like from the current economic, freight and commercial vehicle demand perspectives is long, according to ACT Research’s latest release of the North American Commercial Vehicle Outlook. “From the freight perspective…
Record freight rates continue to push commercial vehicle demand beyond truck and trailer manufacturers’ ability to supply equipment in a timely manner, according to ACT Research. Preliminary reports indicate that February’s net order volume of…
Many publicly traded fleets are optimistic about growth this year, saying they expect rate increases ranging from high single digit to low double digits. One carrier even anticipates rate increase percentages in the mid-teens. As…
Amazon last month rolled out its freight brokerage operation nationwide, a strategic move that not only brings the company into competition with other large digital brokerages like Uber Freight and Convoy, but also is intended…
The Owner-Operator Independent Drivers Association (OOIDA) wrote to Congress in May asking for intervention to make sure that freight brokers are paying truck drivers fairly. For several weeks, truckers across the country have been demonstrating
The business fundamentals of freight brokerage — using an operations call center to find trucks to move freight — have not changed in the past 10 years. Volume per broker per day, gross margins and…
Shippers and carriers of international freight remain optimistic about 2019 as the spot market starts to level off and a rate recession becomes a possibility for the trucking industry.
In a recent report on a…
The slide in spot rates over the last few months is more a function of a shift in driver and shipper behavior than the start of any sort of broader slide in the freight market…
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