Class 8 truck orders come out of the gate slowly to start 2019
Class 8 commercial truck orders were down in January, according to recently issued data from two U.S.-based companies tracking commercial truck buys and orders. Source: logistics Mgmt
Class 8 commercial truck orders were down in January, according to recently issued data from two U.S.-based companies tracking commercial truck buys and orders. Source: logistics Mgmt
The national diesel average, at $2.965 per gallon, dropped 1.1 cents compared to last week’s $2.976 per gallon average, marking the second straight week the average has fallen below the $3 per gallon mark since coming in at $2.972 per gallon the week of March 19, 2018. Source: logistics Mgmt
YRC Worldwide, which controls the fourth- and eighth-largest LTL companies with its long-haul YRC Freight and YRC Regional units, is embarking on what could be a make-or-break contract with its 24,000 Teamsters union. Because YRC has struggled to regain profitability following its decision to buy rival Roadway Express in a debt-laden $1.1 billion transaction in 2003, any significant change in either units’ wage structure or fringe benefits could trigger another downturn for the Overland Park, Kan.-based company. Source: logistics Mgmt
While holiday shopping activity continues to accelerate in the remaining days up to Christmas, spot market activity has not followed the same path, based on data published this week by Portland, Oregon-based freight marketplace platform and information provider DAT, Source: logistics Mgmt
The Thomasville, N.C.-based carrier reported that LTL tons per day increased 3.1% in November on an annual basis, which it said was driven by a 7% increase in LTL shipments per day that was offset by a 3.6% decrease in LTL weight per shipment. Source: logistics Mgmt
Earlier today, freight transportation services provider Hub Group announced it plans to acquire CaseStack for $225 million in cash. Established in 1999, Santa Monica, Calif.-based CaseStack has two primary business units. One unit, CaseStack Logistics Services, provides consolidation services for consumer packaged goods (CPG) companies that sell into the North American retail market. And its other unit, CaseStack Technology Services functions as a technology-enabled truck brokerage serving the LTL (less-than-truckload) market. Source: logistics Mgmt
Thomasville, N.C.-based Old Dominion Freight Line (ODFL), the number three less-than-truckload (LTL) carrier by revenue, said today that it has made upgrades to six of its 233 national service centers so far this quarter. Source: logistics Mgmt
But plans to create a combined fleet of...
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