Old Dominion Freight Line promoted veteran executive Greg C. Gantt to president, while David S. Congdon remains CEO and takes on added responsibilities as vice chairman of the company's board.
Contract truckload rates are defying economic gravity, rising in April when truck tonnage and spot market rates slipped. The cause: capacity. Shippers apparently are willing to pay more to secure it for the long-term.
The Harbor Trucking Association of Southern California has formed its own chassis pool to ensure its member companies will have access to the equipment they need even when terminals in Los Angeles-Long Beach are experiencing equipment shortages or dislocations.
Demurrage and per-diem detention fees at gridlocked U.S. ports have turned into a multimillion-dollar hot potato. Cargo interests, truckers, ocean carriers and marine terminals are locked in noisy, seemingly nonstop argument over responsibility for the fees. It’s a complex problem with no easy solution — but plenty of finger-pointing.
Spot market truck freight volumes in the U.S. dropped 10 percent in April from March, but remained above April 2013 levels, according to DAT Solutions. The sagging spot market is another indication that the U.S. economy has yet to find the lever to pull to restore the stronger growth it enjoyed in 2014.
Marine terminal operators, warehouses and truck facilities in California could be called upon to manage harmful emissions under the California Air Resources Board’s proposed Sustainable Freight Plan, according to a shipping industry representative.
In an attempt to ensure sufficient availability of chassis during the summer-fall peak-shipping season, the Port of Long Beach Thursday will meet with potential bidders interested in managing a peak chassis fleet.
Palletways, one of several groups offering shippers a palletized freight network in Europe, says it plans eastward expansion as cross-border volume within its network grows.
The acquisition of Hazen Final Mile gives TransForce and same-day logistics subsidiary Dynamex a longer reach in e-commerce shipping markets.
Online retails sales in the U.S. marked another record-breaking quarter in the first three months of 2015 after an especially harsh winter kept many consumers inside, shopping from the warmth of their own homes.