Spot market trucking rates for loads in the US are taking a slide in January, as slower freight demand frees up more equipment. The DAT Solutions U.S. average dry van spot rate fell to $1.98 Jan. 17, dropping below $2 per mile for the first time since last May. Read more…
Senators Rand Paul (R-Ky.) and Barbara Boxer (D-Calif.) may soon unveil a highway funding bill that would direct money to the struggling Highway Trust Fund from taxes on companies’ overseas earnings,according to Politico’s Morning Transportation report from Jan. 22. Read more here.
J.B. Hunt Transport Services and Covenant Transportation Group reported stronger fourth-quarter profits, providing a positive early look at quarterly financial results for large, publicly traded trucking companies. J.B. Hunt said its fourth-quarter net income rose to $110 million, or 93 cents per share, from $92 million, or 77 cents, a…
Erwin joined Saddle Creek in 2011 as director of operations support/maintenance. Since then, the company’s fleet has more than doubled in size. In his new role, Erwin will be responsible for leading approximately 60 percent of Saddle Creek Transportation’s fleet operations, including those based in Lakeland, Fla., Jacksonville, Fla., Atlanta,…
Industry analysts are continuing to try and quantify just how tight trucking capacity is getting in the U.S. freight market, with rate increases being used as one way to measure the severity of the current capacity crunch. Read more here.
“By searching for equipment proactively rather than waiting for carrier responses, a broker can gain an edge over the competition by booking equipment before anyone else,” Aljex CEO Tom Heine said in the Jan. 19 announcement. Read more here.
Werner Enterprises, in an update on the progress of its campaign to hire veterans, announced it has employed more than 5,100 veterans in the past three years, surpassing the pledge it made in 2012 under the White House campaign Joining Forces when Werner pledged to hire 1,000 veterans a year…
Eaton has expanded its line of UltraShift PLUS automated transmissions with the new A-Ratio model designed for a wide range of extreme applications. The new Multipurpose Extreme Performance transmissions have lower overall numerical ratios and higher torque ratings. Read more here.
Mercedes-Benz will take the wraps off its new mid-sized commercial van at the NTEA Work Truck Show, which runs March 4-6 in Indianapolis. The new Metris van is one of more than 100 new commercial vehicles that will be displayed at the show, organizers say. Read more here. …
The December Cass Freight Index followed expected seasonal trends with a 6.3% drop in shipment volume from the month before and a 6.7% decline in freight spending. Despite the drops the December figures mark the highest end‐of‐year values for both indexes since the beginning of the recession in 2007. Read…
