Operations: Page 71
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Spot market rates shoot up as capacity tightens
Truckload capacity usually declines at this point in the year, DAT said, but supply chain disruptions are pushing more freight into the market.
By Jim Stinson • Aug. 7, 2020 -
As retailers file for bankruptcy, fleets find new demand on the spot market
Consumer demand has shifted from services to goods, creating stronger-than-normal freight volumes.
By Heather Larson • Aug. 7, 2020 -
Explore the Trendlineâž”
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TrendlineTop 5 stories from Trucking Dive
These five stories detail the top trends and issues facing the trucking and transportation industry.
By Trucking Dive staff -
Fleet finds listening to drivers helps reduce 'out of control' turnover
After conducting a study with WorkHound, USA Truck said it knew why 75% of its turnover was occurring.
By Jim Stinson • Aug. 4, 2020 -
Courtesy of YRC Worldwide
YRC/Yellow's survival taleYRC says new trucks will help with safety, operating ratio
In its first earnings call since getting a federal loan, the LTL giant said increasing efficiencies in fleet operations would help it return to profitability.
By Jim Stinson • Aug. 4, 2020 -
PwC: Transportation, logistics M&A activity to pick up speed
Though investors are expected to remain cautious, the focus on liquidity should spark divestments in the industry, the firm said.
By Ted Knutson & S.L. Fuller • Aug. 4, 2020 -
TFI buys Keith Hall & Sons in 3rd specialized TL acquisition of 2020
The Montreal-based fleet is snapping up specialized TL carriers as the economy creates buying opportunities.
By Jim Stinson • Aug. 3, 2020 -
XPO says LTL tonnage trending in right direction after 19% Q2 drop
Weak industrial activity weighed on LTL, but executives called last mile a "real highlight" as demand was strong for big and bulky e-commerce shipments.
By Jim Stinson • July 31, 2020 -
Schneider bullish on intermodal after segment's revenue falls 16%
The carrier expects tighter capacity and increased volumes from consumer-goods shippers in the remainder of 2020.
By S.L. Fuller • July 30, 2020 -
Courtesy of Old Dominion Freight Line
Old Dominion grabs clients from other LTLs by focusing on customer service
The LTL carrier reacted to the pandemic with a plan to save money and tighten productivity.
By Jim Stinson • July 30, 2020 -
Weak LTL, brokerage demand drags on UPS
Freight revenue fell nearly 16% year over year as a result of excess capacity and low industrial demand.
By Shefali Kapadia • July 30, 2020 -
Courtesy of Ryder
Used truck market won't fully recover until 2022, Ryder says
The company expects to spend less on new tractors, as 2020 yields fewer lease sales.
By Jim Stinson • July 29, 2020 -
Drivers speak up: Dwell times are costing us
Truckers told WorkHound they are often stuck waiting for freight to be loaded at shipper terminals.
By Jim Stinson • July 29, 2020 -
Roadrunner splits from Ascent, shedding logistics services in favor of LTL
The carrier has downsized in pursuit of an asset-light LTL strategy, selling more than $300 million in assets since last year.
By S.L. Fuller • July 28, 2020 -
Firms should revisit financial controls as pandemic amplifies risk, accounting experts say
With staff remote, executives in survival mode and hundreds of billions in assistance pouring into the economy, the chances of mistakes and abuse are heightened.
By Robert Freedman • July 28, 2020 -
The image by TruckPR is licensed under CC BY-ND 2.0
FBI poses 5 questions to assess ELD security
The agency urged carriers to lower the risk of cyberattacks by asking the ELD manufacturer or supplier about its security systems.
By Jim Stinson • July 27, 2020 -
Permission granted by Home Depot
Home Depot leans on efficiency analysis for sustainable transport plan
The retailer's bulk freight business makes electrifying its fleet more difficult. But one company VP said electrification is looking more likely every year.
By Emma Cosgrove • July 27, 2020 -
Deloitte: Transport faces $30B profit loss in 2020, but some firms could emerge stronger
Financially weak companies should focus on liquidity management, while stronger firms can use strategic investments and improve margins, Deloitte said.
By S.L. Fuller • July 24, 2020 -
Courtesy of Landstar
Landstar earnings get hit by pandemic, insurance costs
The carrier reported its profits were more than cut in half by the COVID-19 pandemic, dropping 58.7% from the same quarter last year.
By Jim Stinson • July 23, 2020 -
Knight-Swift restores 2020 earnings guidance, assumes 'modest' business in Q4
The carrier expects earnings per share between $2.15 and $2.30 — 15 centers higher than the guidance it issued in January before the pandemic.
By Jim Stinson • July 23, 2020 -
AI begins to take the wheel in trucking, from routing to driving
The technology must prove itself in billing and routing before becoming ubiquitous through autonomous trucks.
By Jim Stinson • July 23, 2020 -
Paccar says worst of COVID-19 economic damage over after 58% revenue drop
Paccar Parts began to show recovery in June, because "as trucks move, parts move," the CEO said.
By Jim Stinson • July 22, 2020 -
How to retain customers for the long term
Retention is the single most important factor in product success, according to product and growth specialists.
By Robert Freedman • July 21, 2020 -
'We've never seen something like this': Volvo North American truck deliveries plunge 79%
The unprecedented drop shows the size and scope of the COVID-19 pandemic's effects on OEMs.
By Jim Stinson • July 17, 2020 -
JB Hunt optimistic as demand increases for niche final-mile deliveries
Business for intermodal has gradually increased, with the second half of June seeing more business than April or May, the carrier said.
By Jim Stinson • July 17, 2020 -
BlackRock votes against Daimler, Volvo for inadequate climate disclosure
The asset manager later called Daimler's progress "encouraging."
By Emma Cosgrove • July 17, 2020
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