The new year will be a story of contending tailwinds and headwinds,’’ according to a 2021 economic forecast by U.S. Xpress. The forecast, from one of the country’s largest truckload fleets, looks at economic indicators…
The trucking merger and acquisition arena was anything but ordinary in 2020. Within the liquid/dry bulk vertical we saw several transfers of ownership. A few notable transactions included: Kenan Advantage’s purchases of Fort Transfer, Paul’s…
A survey of shippers optimistic on freight volumes increasing this year. In its sixth annual State of The North American Supply Chain Survey, Averitt Express surveyed about 1,800 shippers from a wide variety…
Despite the plunge in new-truck orders during the spring COVID-19 pandemic shutdowns, orders of Class 5 through 8 trucks closed out 2020 in near-record territory, according to industry analysts FTR and ACT Research. Preliminary North…
The economic softening and slowdown of freight in the second half of 2019, combined with factors such as lower fuel prices, decreased the marginal cost of trucking last year, according to an annual survey by…
Many trucking companies are asking Tenney Group a serious question. “How do we build value during these uncertain times.” Whether your concern or worry is tied to Covid-19, the election, or the economy, our answer…
One large trucking company recently renewed its insurance coverage at a lower cost than it paid in 2019. In 2020, that statement is as implausible as it gets when it comes to trucking insurance, but…
What this virus-induced recession will mean long term for the trucking industry is at this point subject more to conjecture than certainty. What is guaranteed, however, is that this second quarter will be brutal for…
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…
Every year, the American Transportation Research Institute (ATRI) releases a survey that identifies the U.S. trucking industry ‘s most pressing issues, in addition to strategies on how to deal with these dilemmas…
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