The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index for March, at 113.2 (2015=100) was down 2.3%, following a 1.5% February decline, to 115.8, which was downwardly revised from an original reading of a 0.2% decline. Source: logistics Mgmt
Source: logistics Mgmt
The Department of Transportation (DOT), reacting to more than 5,200 comments filed on potential changes to truck driver hours-of-service (HOS) and other regulations, is moving in that direction. Source: logistics Mgmt
Following the late March update that YRC Freight the largest subsidiary of less-than-truckload (LTL) transportation services provider YRC Worldwide, and the Teamsters National Freight Negotiating Committee (TNFINC) had come to terms on a tentative agreement in principle for a new collective bargaining agreement, YRC Teamsters this week at its YRC Freight Holland, and New Penn subsidiaries, with the exception of one local unit, this week unanimously voted to endorse the tentative National Master Freight Agreement. Source: logistics Mgmt
This marks the sixth time in the last eight weeks has seen a gain, and it also marked the eighth consecutive week that the national diesel average has topped the $3 per gallon mark. Source: logistics Mgmt
ODFL said that its service centers are strategically placed and built with best-in-class technology, and reduce shipping time, increase daily volume, and enhance delivery flexibility. Source: logistics Mgmt
Freight transportation consultancy FTR reported today that final Class 8 trailer orders for January, at 26,300 units, were down 3% compared to December and down 39% annually. While orders were down, FTR said that this tally was higher than expected, with the order level in line with current trailer production rates and backlogs near record levels. 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
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