Tougher ELD rules take effect in mid-December, ending AOBRD grandfather exemption
Source: logistics Mgmt
Source: logistics Mgmt
FTR reported that preliminary North American Class 8 orders, at 17,300 units, was down 21% compared to October, representing the lowest November tally going back to 2015, while marking a 39% annual decline. ACT’s data was in line with FTR’s, with the firm reporting that preliminary Class 8 net orders, for November, at 17,500, were off 20% compared to October. Source: logistics Mgmt
Echo officials described EchoDrive Preferred as a tiered program comprised of three levels of benefits, with what it called a strategic approach to attract and reward the most loyal carriers and drivers. Source: logistics Mgmt
October shipments, at 1.152, were down 3.9% compared to September and down 5.9% annually, and October expenditures, at 2.800, dropped 1.9% compared to September and were down 4.1% annually. Source: logistics Mgmt
Seattle-based digital freight broker Convoy said it has made continued inroads on the investment front in securing $400 million in Series D funding. Company officials said that a key objective with this round of funding is to eliminate hundreds of billions of dollars of waste in the trucking industry. Source: logistics Mgmt
Data recently issued by Portland, Oregon-based freight marketplace platform and information provider DAT, a subsidiary of Roper Technologies, for the month of October, in its DAT Truckload Volume Index, pointed to the highest number of spot market loads in any month going back to January 2015. Source: logistics Mgmt
With a 1.1-cent gain, this week’s average came in at $3.073 per gallon. Source: logistics Mgmt
A challenging third quarter freight environment pushed the parent company the largest unionized trucking company back searching for the road to sustained profitability. Source: logistics Mgmt
A new offering released today by Seattle-based digital freight broker Convoy offers motor carriers access to ten times the amount of spot freight from the biggest shippers in the United States. Entitled direct-from-shipper loads, Convoy said this offering removes the need for shippers to work with multiple brokers and subsequently provide each carrier with a small fraction of their spot loads that is typically at 10% or less. Source: logistics Mgmt
After earning $2.9 million in the 2018 third quarter, YRC sustained a $16 million net loss in the most recent quarter. The quarterly loss was exacerbated by an $11.2 million loss on extinguishment of debt associated with a refinancing of the term loan agreement, which resulted in a negative impact of $0.34 cents per share for the third quarter 2019. Source: logistics Mgmt
Sizing Up IMO 2020 CSPDailyNews.com Source: Google Shipping News