U.S. freight volume will jump 29 percent in the next 11 years, with growing energy production resulting in pipelines taking a larger slice of total tonnage, and trucking and railroads’ seeing their share shrink, according to report released Monday.
Trucking companies may have eased back on the pricing pedal for a few months as the economy hit a soft patch, but they’re likely to regain some traction and exert more pressure in the coming year as the economy expands and capacity tightens.
New England Motor Freight will open a 44-door terminal in Indianapolis July 27 as the multi-regional carrier builds density in lanes connecting the East Coast and Midwest.
Canadian LTL and parcel operator Dicom is expanding in the U.S., completing its fourth acquisition in less than a year this week with the purchase of Extra Express in Los Angeles. The parcel and freight carrier seeks a bigger share of the final-mile transportation market on both sides of the U.S.-Canadian border.
A surge in freight demand from new and existing customers pushed Landstar System's second-quarter revenue and freight volumes up, in some cases by double digits. The company's owner-operator fleet is now larger than it was at the end of 2006, before the recession.
DHL Global Forwarding's new less-than-truckload cross-border service isn't just about US-Mexico trade. It's part of growing shipper demand for multimodal, multiregional logistics and transportation services.
PierPass Inc. on its 10th anniversary Thursday was basking in the warmth of comments from political and environmental leaders recognizing the program that was created by the terminal operators in Los Angeles-Long Beach for successfully mitigating daytime port-generated traffic.
Truckload carrier Knight Transportation increased revenue 14 percent in the second quarter to $302 million, despite lower "transactional customer demand." Net profit rose 7.3 percent to $28 million.
UPS reportedly is in talks to acquire fast-growing Coyote Logistics, as round after round of logistics acquisitions this year increase speculation about potential mergers.
The Federal Motor Carrier Safety Administration has declared a Kentucky-licensed truck driver an imminent hazard to public safety after his involvement in a fatal accident that claimed six lives on I-75 outside Chattanooga, Tennessee on June 25, 2015.