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117 trucking groups push for temporary excise tax repeal in next round of federal relief
Because the FET is part of the Highway Trust Fund, any suspension of the tax is bound to come up in talks over an infrastructure bill.
By Jim Stinson • April 30, 2020 -
Daimler expected normalization of the truck market in Q1, and then came coronavirus
OEMs already anticipated lower production, because fleets had bought so many units during the freight boom of 2017-2018.
By Jim Stinson • April 30, 2020 -
Schneider's Q1 benefits from dropping last-mile service
The carrier is seeing signs of the economy beginning to recover, CEO Mark Rourke said.
By Jim Stinson • April 30, 2020 -
Courtesy of Werner
Werner's early bet on retail and food pays off in Q1
The carrier used criteria developed by major credit rating agencies to assess industries' risks and classified its 100 largest customers into categories of low risk, moderate risk and high risk.
By Jim Stinson • April 29, 2020 -
UPS Freight takes $10M hit from coronavirus, sees slight rebound in Asia
International air freight tonnage rebounded in March and was up more than 15%, "primarily on Asia outbound lanes, as the China recovery took hold," UPS' CFO said.
By Jim Stinson • April 29, 2020 -
20K signatures: Calls grow for targeted federal relief
A KeepTruckin petition calls for targeted economic relief for insurance and truck payment costs, as officials warn of a "freight cliff" that could leave small carriers with inadequate liquidity to survive past the coronavirus crisis.
By Jim Stinson • April 28, 2020 -
FourKites: Data can help prepare for delays as New York City dwell times surge
Although the data is available, fleets are still in the process of transitioning to artificial intelligence to sort through the incoming gigabytes of information per hour, and make simple recommendations to drivers and dispatch offices.
By Jim Stinson • April 27, 2020 -
Volvo to restart production at 'low levels' as OEMs face slumping market
Fleets are hitting pause on buying during the coronavirus pandemic, meaning truck manufacturers have to manage a new, troublesome environment.
By Jim Stinson • April 27, 2020 -
Coca-Cola reports border bottlenecks, touts localized supply chain to keep products flowing
As health screenings and policy changes slow traffic at border crossings around the world, Coca-Cola's ingredients are facing delays en route to plants.
By Emma Cosgrove • April 27, 2020 -
Knight-Swift's essential goods mix up to 72% in Q1
Experts are unsure essential goods are the tide that will lift trucking during the pandemic, because food, paper products and other items are only so much of the freight market.
By Jim Stinson • April 23, 2020 -
Courtesy of Old Dominion Freight Line
Old Dominion touts price discipline, holds firm on rates in Q1
The LTL firm is not witnessing market share loss in any part of the United States, the CFO said.
By Jim Stinson • April 23, 2020 -
Courtesy of Landstar
Landstar: Industrial load declines like 'nothing experienced in the history of the company'
Company officials mentioned April, a month not yet reported, as seeing serious drop in automotive freight.
By Jim Stinson • April 23, 2020 -
Paccar Parts has record-setting Q1 while truck sales dip
Increased shipments of medical supplies, food, infrastructure materials and goods stimulated parts demand in the first quarter of 2020.
By Jim Stinson • April 21, 2020 -
Permission granted by Walmart
Coronavirus pushes fleets to rethink the last mile
The pandemic has thrown a wrench into route optimization planning and could accelerate e-commerce in the long term.
By Jim Stinson • April 21, 2020 -
PPE shortages, driver health spell further trouble for trucking
FEMA, Congress, industry groups and fleets have flagged the health of drivers as a growing concern as the coronavirus persists.
By Jim Stinson • Updated April 21, 2020 -
FTR: Tough trucking conditions to persist until 2021
Trailer orders dropped 54% in March, and volumes and rates could hit bottom in April and May, said FTR.
By Jim Stinson • April 17, 2020 -
XPO Logistics
XPO CEO is a 'mega-bull' in the long term, despite coronavirus
Brad Jacobs, XPO CEO, said 2020 will be a lost year for earnings, but big things will follow.
By Jim Stinson • April 16, 2020 -
Coronavirus prompts JB Hunt to reallocate resources
The carrier saw Q1 revenue rise as the COVID-19 pandemic spiked trucking demand, but CEO John Roberts anticipates "near-term turbulence."
By Jim Stinson • April 15, 2020 -
March TL linehaul rates lowest since 2009, Cass says
Shipper spending on transport fell 8% in March, and Cass said it expects transport pricing to remain low through May.
By S.L. Fuller • April 15, 2020 -
FedEx Freight furloughs undisclosed number of workers
FedEx officials said the action was due to the economic impact of COVID-19, and was necessary "to protect the financial stability of the company."
By Jim Stinson • April 14, 2020 -
Danielle Ternes/Trucking Dive
Deep DiveCoronavirus slowdowns and shutdowns: What's next for trucking?
With COVID-19 cases reaching peak in parts of the U.S., fleet executives turn their attention to post-pandemic demand.
By Jim Stinson • April 14, 2020 -
After March panic peak, load volume returning to normal
Coronavirus-driven demand boosted trucks in March, but now load normalcy may be returning.
By Jim Stinson • April 13, 2020 -
Lower oil and diesel prices are a mixed bag for trucking
Cheap oil could mean layoffs for some fleets.
By Jim Stinson • April 9, 2020 -
Pixabay
WTO predicts dismal trade levels in 2020, spelling trouble for intermodal, owner-operators
Optimistically, global trade would decline by 13% year over year. In a pessimistic outlook, the decline is 32% or more YoY.
By S.L. Fuller • April 9, 2020 -
Imports reach 5-year low, signaling drop in demand for transport
The National Retail Federation expects below-normal import volumes through early summer and said cargo could sit longer than usual at ports.
By Shefali Kapadia • April 9, 2020
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