July shipments, at 1.171, were off 5.9% compared to a very strong July 2018 and down 0.8% compared to June. On the expenditures, side, the report noted that July came in at 2.861, which represented a 1.4% annual decline and a 2% decline compared to June. Source: logistics Mgmt
July spot truckload freight volumes and rates saw gains from June to July, according to the most recent edition of the DAT Truckload Freight Volume Index, by Portland, Oregon-based freight marketplace platform and information provider DAT Source: logistics Mgmt
The report’s National Shipment Index, at 131.3 (2011=110.1), rose 9.7% over the first quarter after a 9.7% first quarter decline and was down 5.3% annually. On the pricing side, the report's National Spend Index, at 201.3, headed up 4.3% from the first quarter and rose 6.4% annually, following a 2.7% annual first quarter increase. Source: logistics Mgmt
Recent research issued by Seattle-based digital freight broker Convoy takes a long look at the empty miles issues impacting trucking, including how when miles are wasted so is fuel, coupled with more carbon emitted, and drivers spending more idle hours on the road and at docks. Source: logistics Mgmt
Revenue-at $4.24 billion-was down 2.7% annually, and net income attributable to common shareholders-at $122 million-was down compared to $132 million a year ago. Operating income-at $258 million-was up 11.7%, and diluted earnings per share-at $1.19-topped $1.03 from a year ago and Wall Street estimates of $1.04. Source: logistics Mgmt
While it is true that 2018 marked what could be described as a boom year for the freight economy, a new report issued this week by the American Trucking Associations (ATA) revealed that the trucking sector needed 60,800 more for-hire over-the-road truckload drivers at the end of the year to meet the nation’s freight services demands. Source: logistics Mgmt
It’s become a favorite parlor game wherever shippers, carriers and logisticians meet. It could be called “How long can this fantastic economy last?” Or more accurately, “When is the next recession coming? Nobody knows, of course. And the joke among some transport veterans is that economists have forecast 20 of the last three recessions. In fact, there’s some truth to that. Source: logistics Mgmt
Company officials said that the driver for this new location was to provide the company with the opportunity to be closer to its shipper customers in Maine and northern New Hampshire. And they added that Pyle will offer customized less-than-truckload (LTL) and Custom Dedicated operations out of the facility, which it said will provide greater flexibility and higher service levels for shippers in this region. Source: logistics Mgmt
The first quarter turnover rate for large fleets with more than $30 million in revenue increased 5% to 83%, which was lower than the 2018 average rate of 89% and down 11% compared to the first quarter of 2018. For small fleets, the ATA said the turnover rate fell 4% to 73%, from the first quarter to the second quarter. Source: logistics Mgmt
For May, the most recent month for which data is available, the TCI was -2.3, a retreat from March’s -1.18. March represented the first time the TCI turned in a negative reading for the first time “in several” years,” according to FTR. Source: logistics Mgmt
Alireza Tangsiri, head of the Iranian Revolutionary Guards...