Between plummeting fuel costs, a surge in consumer spending and a worsening driver shortage, the last few years in the trucking industry have been characterized by extreme highs and lows. This year is shaping up much the same way, although with some new twists in the road.
Trucking Freight Brokers
Trucking Freight Brokers
News & Analysis
25 Jun 2015
The purchase of ReTrans, an intermodal and truck freight brokerage with more than $500 million in annual revenue, extends the reach of Kuehne + Nagel, the second-largest global 3PL, far beyond U.S. ports and into the nation's industrial heartland.
10 Jun 2015
A continent-wide roadside truck inspection program may have inadvertently pushed up spot market truck rates last week, when the number of loads far outstripped the number of tractor-trailers available. Many truckers reportedly take time off during the annual inspection blitz.
09 Jun 2015
XPO Logistics closed on the acquisition of 67 percent of European 3PL Norbert Dentressangle, adding the $5.5 billion company to its fold. The question is, what will XPO buy next?
01 Jun 2015
XPO Logistics raised $1.26 billion from institutional investors and plans a $2 billion bond sale to help finance its latest acquisitions and prepare for more.
26 May 2015
Freight broker Total Quality Logistics added voice search technology to its Carrier Dashboard smartphone app, letting drivers talk, not type as they search for freight.
22 May 2015
A bill introduced in the U.S. Senate would set national standards for shippers and third parties contracting or hiring trucking companies, complementing legislation in the House. Shippers and brokers want clarity, especially in courtrooms where they face negligent hiring claims.
19 May 2015
C.H. Robinson Worldwide is priming its $330 million Global Forwarding division for faster growth in 2015, naming Mike Short president and opening new offices in Asia and Europe.
15 May 2015
As truck driver pay moves up by double-digits, trucking operators need to look beyond a decades-old business model for new ways to attract, keep and satisfy drivers. Treating them better is step one, a trucking veteran says. Guaranteed salaries may be another.
12 May 2015
U.S. shipment volumes and spending rose in April from March, but were down year-over-year, thanks to tough comparisons with a booming economy in 2014, Cass Information Systems said. The freight payment provider expects more growth ahead.
05 May 2015
Fresh off the announcement of yet another acquisition, XPO Logistics’ hunger can’t be sated with CEO Bradley Jacobs eying more deals in Europe and North America.