Trucking Logistics

C.H. Robinson reported higher net revenues on land and sea as shippers apparently turned to the largest U.S. logistics company to secure capacity in the second quarter. The acquisition of Freightquote last year contributed to higher net revenue and higher truckload and LTL volumes.

Swift Transportation last year led the trucking industry in raising driver pay, and that pay raise, however costly, is paying off handsomely for the largest U.S. truckload carrier as driver retention improves and profits rise 27 percent from a year ago.

Roadrunner Transportation Systems has acquired Stagecoach Cartage and Distribution for $35 million, continuing the buying spree it embarked on in 2013 as merger and acquisition activity dominates the transportation and logistics industries.

Universal Truckload Services’ second quarter profit and revenue slipped amid reduced truckload demand, but the company said volume and pricing strengthened for other businesses, notably intermodal drayage.

Old Dominion Freight Line, the fifth-largest U.S. less-than-truckload carrier, has opened a 24-door terminal at Sidney, Montana, to handle growing traffic from the region’s oil and agriculture businesses.

Truck maker Paccar expects to sell more Class 8 tractors this year than last because motor carriers are enjoying higher rates and seeking more demand.

If U.S. shippers feel less pain when it comes time to pay freight bills this year, they can thank the worldwide oil glut. With the third quarter under way, the very significant impact of the collapse in oil and fuel prices over the past year on U.S. freight transportation is clear.

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.

Truck and traffic moving across America on interstate I-10, Arizona
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.