Con-way Freight said it will boost truck driver pay by $60 million in 2015, restructuring pay rates for more than 14,000 line-haul and pickup-and-delivery drivers nationwide.
Old Dominion Freight Line is expanding its U.S. intermodal drayage network at ports and inland railheads, strengthening the less-than-truckload carrier's connections with global shippers.
A big hike in truck driver pay seems to be paying off handsomely for Swift Transportation. The number of Swift trucks lacking drivers has dropped about 20 percent from the end of the second quarter, and line-haul truck utilization has improved more than 3 percent.
One of the unintended consequences of the Los Angeles-Long Beach PierPass program, which includes a traffic mitigation fee on containers that move during the day peak-time hours, is that retailers send their trucks to the harbor at night specifically to avoid the fee.
Ryder System is expanding its inland distribution network in Mexico, starting with a transloading center for Chrysler at the Gulf Coast Port of Altamira.
American Trucking Associations Chairman Philip L. Byrd Sr. said the ATA is "bound and determined" to roll back changes to federal rules on drivers' hours of service, and to win revisions in the Federal Motor Carrier Safety Administration's Complaince Safety, Accountability program .
The Carlyle Group took advantage of a short spike in YRC Worldwide's stock price last week to sell more than 4 million shares for $89.4 million.
Average U.S truckload spot market rates slipped slightly in the week that ended Sept. 20 as the number of shipments on the market dropped 3.5 percent, DAT Solutions said. However, both rates and freight activity are “robust” when compared with a year ago.
Equipment finance activity jumped 13 percent year-over-year in August, a sign of stronger transportation and construction demand and an increase in line with other economic indicators.
Truck tonnage rose to a record high in August, while intermodal and truckload pricing saw continued strength, signs that intermodal rail and trucking are ramping up for their fall peak seasons.