Lower freight volumes drove YRC Freight to a loss in the fourth quarter, but the loss wasn’t enough to erase gains the less-than-truckload carrier made throughout the rest of 2015.
Efforts to improve chassis quality and availability in the Port of New York and New Jersey are inching forward despite the long delay in the launch of a common chassis pool, a Port Authority of New York and New Jersey official said.
Trucking employers defied transportation hiring trends in January and added 1,500 jobs, putting more truck drivers in trucks.
Federal Maritime Commission Chairman Mario Cordero said he sympathizes with Los Angeles and Long Beach port users seeking less truck congestion and more transparency from the ports’ PierPass program for off-hours truck gates.
At a time when LTL shipments and freight volumes in general declined, ODFL increased its fourth-quarter shipment count 8.2 percent, while increasing revenue and profit. Lower fuel surcharges slowed revenue growth, but the carrier outperformed its peers.
Organic and acquisition-fueled growth in 2015 were not enough to offset declining freight volume and falling fuel surcharge revenue in the last three months of the year for Roadrunner Transportation Systems.
ABF Freight, the less-than-truckload arm of ArcBest, laid off more than 200 dock and yard workers as LTL shipments and tonnage dropped in the fourth quarter. ArcBest's asset-light businesses saw volumes rise in the same period.
DP World Nhava Sheva, which last month fought a long battle to end slowdowns brought on by industrial unrest, has upgraded its automated gate systems, allowing much faster truck turnarounds at India’s biggest container gateway, Jawaharlal Nehru Port Trust.
USA Truck recorded improved profits and operating ratios for both the fourth quarter and full year of 2015, despite double-digit drops in revenue, even excluding fuel surcharges, for both periods.
Lower fuel prices and a softening used truck market constrained fourth-quarter revenue growth at Ryder System, but demand for Ryder’s fleet and supply chain services remained strong.