At times, there can be such a thing as too much freight. When total shipments per day at YRC Freight rose 4.8 percent in the second quarter, and freight tonnage was up 5.9 percent year-over-year, the increase meant more hiring, more handling and higher operating costs.
The JOC For-Hire Trucking Employment Index rose for the fifth straight month in July, driven by steady improvement in the U.S. economy, stronger industrial output and freight demand.
The first half of 2014 saw the start of several stories that JOC.com will most likely be covering for the next year and perhaps beyond.
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.