Operations at the APL terminal at the Port of Los Angeles were back to normal this afternoon after several weeks of congestion that frayed the nerves of harbor truckers and tarnished the reputation of a terminal that had been considered a model of efficiency in the industry.
The strength of the 2014 economic recovery isn’t being questioned at Old Dominion Freight Line and Saia, two of the most profitable U.S. less-than-truckload carriers.
Spot rates have remained high as the trucking industry recovers from a tough winter and works its way through a capacity tightening, but freight rates are starting to trend toward more typical levels.
The strengthening U.S. economy, a second-quarter surge in freight and higher rates boosted revenue and profit at Con-way’s less-than-truckload, logistics and truckload divisions.
Roadrunner Transportation Systems reaped the benefits of an aggressive acquisition strategy in the second quarter, as truckload revenue soared year-over-year. Robust truckload and brokerage revenue helped compensate for weaker growth in less-than-truckload sales.
Over-the-road shippers worried about peak-season capacity this fall need to focus on the front of the truck, not the back. There will be trailers available ready to receive freight, and enough trucks to pull them. What may be missing is the key ingredient in truck capacity: the driver.
More shippers contracting with C.H. Robinson Worldwide shifted loads from railroad to highway in the second quarter after seeing intermodal rail service deteriorate.
XPO Logistics will add more than half a billion dollars in revenue to its top line by acquiring New Breed Logistics for approximately $615 million.
Manila’s choked container port will finally have some relief as sweeper ships arrive to clear the thousands of empty boxes clogging the city terminals.
A long-awaited tunnel linking Miami’s port to the interstate highway system will be open for business at the beginning of next week, after months of delays.