TUCSON, Ariz. — Technology similar to Uber and other apps that allow big-city users to call a taxi or black sedan with their smartphones could soon hit the U.S. trucking industry, potentially displacing freight brokers that fail to adapt, a senior equity research analyst warned on April 12.
Trucking Freight Brokers
News & Analysis
16 Apr 2014
14 Apr 2014
The 50 largest U.S. trucking companies raised their combined revenue 5.5 percent last year to $106.6 billion, but expanded at a slower pace than in 2012.
11 Apr 2014
A national standard of care is needed to give freight brokers guidelines on how to use federal CSA safety data when contracting carriers, the Transportation Intermediaries Association says.
31 Mar 2014
With truckload capacity tight across the U.S., carriers are rethinking their rate expectations for 2014, preparing for higher price hikes, a first quarter Transport Capital Partners survey shows.
28 Feb 2014
The second lowest reading yet for JOC Truckload Capacity Index reflects lower truck counts at some of the largest U.S. carriers in the fourth quarter. The actual drop in capacity is likely deeper, as carrier bankruptcies hit a three-year high in the quarter.
26 Feb 2014
Encouraged by signs of a stronger U.S. economy and recent acquisitions, XPO Logistics is raising its revenue run rate target for 2014 to $2.75 billion, almost triple the $1 billion run rate the company achieved in 2013.
18 Feb 2014
Shippers aren't convinced 2014 will bring a truckload “capacity crunch" and don't expect rates to rise that much. Carriers have a different view, based on increasing freight demand and rising costs.
12 Feb 2014
Shippers must be more proactive to mitigate rate increases, meet truck capacity and supply chain challenges in 2014, says Andy Moses, senior vice president of global products at Penske Logistics.
31 Jan 2014
Shippers that were complacent about reports of tightening truck capacity in 2013 could be in for a shock this year, especially if weaknesses in transportation networks exposed by this winter’s severe storms are taken as a warning sign.
23 Jan 2014
Despite the noise from winter storms, holiday backlogs and an early Chinese New Year, there are signs that higher manufacturing activity is boosting freight demand and transport revenue, speakers say at SMC3's JumpStart 2014 conference.