Operations: Page 56
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Fleets struggle to recruit, bring back drivers for growing volumes
Training schools that have been closed or limited, competition for drivers, and federal benefits are hurdles for bringing more drivers to work, according to a report by Transplace.
By Jim Stinson • Aug. 21, 2020 -
Spot rates are sky high. Will contract rates follow?
Contract rates typically catch up to spot rates in three to six months, but weakness in the economy could stall an increase.
By Jim Stinson • Aug. 20, 2020 -
Trendline
Top 5 stories from Trucking Dive
These five stories detail the top trends and issues facing the trucking and transportation industry.
By Trucking Dive staff -
Retail seeks spot market as capacity issues arise for contracted carriers
With more volume in retail than industrial, the trucking market is stronger than tonnage numbers indicate, according to ACT Research's VP.
By Jim Stinson • Aug. 19, 2020 -
Roadrunner finishes divestments in return to LTL roots
Shedding business lines reduced the company's balance sheet liabilities by about $400 million, allowing the carrier to invest in technology, lane enhancement and driver experience.
By S.L. Fuller • Aug. 18, 2020 -
Wood, wind lift flatbed business as industrial sector shrinks
Flatbed is responding to higher-than-normal demand for pressure-retreated lumber, which consumers are snapping up because of household improvements, according to DAT.
By Jim Stinson • Aug. 17, 2020 -
Study: Dedicated contract carriage will grow modestly as shippers seek capacity safe haven
Revenue in the segment fell 3% year over year in the first half of 2020, but the uncertain market will play into the hands of dedicated carriers.
By S.L. Fuller • Aug. 14, 2020 -
YRC/Yellow's survival tale
After 100 years and a loan, YRC readies for another long run
The LTL carrier, whose continued survival has perplexed analysts, escapes the jaws of dissolution once again.
By Jim Stinson • Aug. 11, 2020 -
Strike ends at Port of Montreal, trucking operations resume
During the 11-day strike, container terminals closed their gates to trucks as port workers protested overtime cuts and changes to premium pay for nights and weekends.
By Jim Stinson • Updated Aug. 21, 2020 -
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 -
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 -
YRC/Yellow's survival tale
YRC 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 -
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 -
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 -
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 -
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