ATA reports solid truck tonnage volumes in January

The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index for January, at 117.3 (2015=100) was up 2.3% compared to December, which was off 1%, and not seasonally-adjusted (NSA) index, which represents the change in tonnage actually hauled by fleets before any seasonal adjustment and the metric ATA says fleets should benchmark their levels with, came in at 113.1 in January, up 2.9% compared to December. Source: logistics Mgmt

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In stunning development, NEMF and 10 related subsidiaries declare bankruptcy

In a financial development that shocked the trucking industry, 101-year-old New England Motor Freight and 10 related subsidiaries (including truckload giant Eastern Freightways) voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey in Newark on February 11. Source: logistics Mgmt

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Americans for Modern Transportation makes renewed case for increasing twin-trailer size to 33 feet

In advance of today’s House Committee on Transportation and Infrastructure’s (T&I) first full committee hearing of the 116th Congress, which is addressing the current state of United States transportation infrastructure, the Washington, D.C.-based Americans for Modern Transportation (AMT) wrote a letter to the committee’s leadership calling for Congress to increase the national twin-trailer standard as a “common sense” approach to augment the current state of U.S. infrastructure, which remains mired in a long period of decline. Source: logistics Mgmt

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U.S. Xpress announces exit move out of U.S.-Mexico cross-border business

Chattanooga, Tennessee-based truckload and full-service freight transportation provider U.S. Xpress recently announced that it plans to formally divest its U.S.-Mexico cross-border investment. The company said that this move is part of ongoing capital allocation and profit improvement efforts. And it explained that this initiative is expected to reduce current and planned invested capital by roughly $40 million, and also improve its consolidated operating margin, and provide customers with continued access to cross-border service through what it described as a variable...

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