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…
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…
The North American Council for Freight Efficiency (NACFE) has issued an updated report on the changing trends of light-weighting technologies since the council last published a study on the topic in 2015, including strategies to…
Expectations around long-term intermodal margins were the main topic at J.B. Hunt Transport Services’ appearance at the Citi 2021 Global Industrials Virtual Conference in February. John Roberts, the company’s president and chief executive, said management…
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…
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…
During previous recessions and regional downturns, trucking recruited workers laid off from other industries. That built freight supply just at the moment when aggregate demand was typically soft.
Consider what happened during two recent downturns…
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