Trucking News

The Journal of Commerce’s trucking news and analysis encompasses full truckload, less-than-truckload (LTL), private fleet trucking, refrigerated trucking, regulation, drayage, and transloading. Reporting centers on pricing, volume demand, capacity, labor, regulation, and service levels in US and Canadian trucking networks. 

The latest Trucking News & Analysis

As Yellow ‘distortion’ fades, US LTL market searches for a catalyst

William B. Cassidy, Senior Editor |
US less-than-truckload pricing is moderating as waves of disruption caused by Yellow’s bankruptcy recede, fuel prices fall and demand remains soft. 
SurfaceTrucking NewsLTL

US truck shippers seen prizing stability, capacity in 2024 bids

William B. Cassidy, Senior Editor |
Growing shipper preference for longer-term contracts shows they believe the truckload market has hit bottom and are concerned about late-2024 capacity, analysts say. 
SurfaceTrucking NewsTruckload

US LTL trucking market still in flux as freight shifts among carriers

William B. Cassidy, Senior Editor |
Large LTL carriers were the biggest winners from Yellow’s shutdown, but smaller regional carriers are making significant volume gains as well, according to SJ Consulting Group.
SurfaceTrucking NewsLTL

Soft seasonal spot gains deflate US truckload expectations for rebound

William B. Cassidy, Senior Editor |
Shipper-paid spot rates rose only marginally in December and are likely to stay close to the bottom established over the last six months, absent a sharp increase in demand.
SurfaceTrucking NewsTruckload

Still-swollen US truckload capacity tamping down rate hikes

William B. Cassidy, Senior Editor |
With the market still replete with carriers and trucks, shippers can expect to keep pricing power for most of 2024.
SurfaceTrucking NewsTruckload

US Labor Department resets guidelines on contractor, employee status

William B. Cassidy, Senior Editor |
Trucking groups will be lining up to challenge a Labor Department rulemaking that will change guidelines used to determine when a worker is a contractor or employee.
SurfaceTransport, Trade, and Regulation NewsDrayageTrucking NewsTruckload

US trucking workforce on edge of seasonal cliff after job losses

William B. Cassidy, Senior Editor |
US trucking employment shrank last year, and seasonal trends point to more cuts in 2024 amid weak freight demand.
SurfaceTrucking NewsTrucking labor

3PL Kenco expands warehousing reach in key US markets

William B. Cassidy, Senior Editor |
The acquisition of The Shippers Group gives Kenco greater distribution capacity and underscores resilient demand for space and integrated logistics services despite a weak freight market.
SurfaceSupply chainTrucking NewsIndustrial Real Estate News

Yellow terminal auction redrawing US LTL map as pricing surge subsides

William B. Cassidy, Senior Editor |
With more than 160 facilities still on the auction block, a sizable amount of less-than-truckload capacity once provided by Yellow is up for grabs as the trucking market slows in early 2024.
SurfaceTrucking NewsLTL

California regulator gives temporary reprieve on zero-emission drayage enforcement

Bill Mongelluzzo, Senior Editor |
CARB is waiting for the federal Environmental Protection Agency to rule whether the clean fleets regulation the state adopted last April needs a waiver from the Clean Air Act before it goes into effect.
MaritimePort NewsNorth American portsTrucking News

A decade on, logistics industry still awaits proof that VC is a welcomed partner

Eric Johnson, Senior Technology Editor |
None of the most prominent venture-backed names in logistics has had a successful exit yet, but perhaps patience is still required before the industry can say for sure if venture capital is a worthy funding route for company founders.
Logistics Technology NewsForwardingTruck brokersSupply chain

Expected Q1 drop in US trucking jobs not likely to move needle on pricing, capacity

William B. Cassidy, Senior Editor |
Larger trucking employers may be reluctant to lay off workers ahead of what they hope will be an uptick in freight demand this coming spring or summer. 
SurfaceTrucking NewsTruckloadLTLTrucking labor

Freight transport’s ‘new normal’ marked by slower growth

William B. Cassidy, Senior Editor |
Lower consumer demand for imports and domestic goods reshaped international and US freight markets in 2023.
Supply chainContainer Shipping NewsSurfaceTrucking NewsNorth-American railAir Cargo

TFI gets even bigger role in heavy-haul trucking with $1.1 billion Daseke purchase

William B. Cassidy, Senior Editor |
The biggest trucking acquisition of 2023 gives Canada’s TFI an additional $1.8 billion in annual revenue and nearly 20 operating subsidiaries hauling oversized, heavy freight.
SurfaceProject cargoHeavy-haul transportTrucking NewsTruckloadFlatbed

Yellow sells 23 leased terminals to big LTL carriers for $82.9 million

William B. Cassidy, Senior Editor |
Six large US LTL carriers, led by Saia and Estes, acquired a small portion of Yellow’s remaining facilities at auction this week, keeping the lion’s share of properties sold to date out of the hands of developers.
SurfaceLTL

FedEx Freight keeping LTL gains from Yellow as market settles

William B. Cassidy, Senior Editor |
While the largest US trucking company increased its daily volume 4.6% this fall following Yellow’s summertime collapse, year-over-year comparisons reveal a soft market. 
SurfaceTrucking NewsLTL

Retailers retooling supply chains amid lower demand, excess capacity

William B. Cassidy, Senior Editor |
As conditions normalize, US retailers such as Dollar General are cutting unneeded resources, including temporary warehousing, while reinforcing their core business.
SurfaceSupply chainTrucking NewsIndustrial Real Estate News

Ongoing Yellow terminal auction seen reshaping a smaller US LTL sector

William B. Cassidy, Senior Editor |
Large LTL carriers are snapping up shuttered properties once owned by the bankrupt company, but US LTL capacity overall may shrink in 2024, industry experts warn.
SurfaceLTL

Software vendors seek opportunities in the smaller corners of logistics

Eric Johnson, Senior Technology Editor |
Cost and long implementation timelines are among the reasons software has been out of reach for smaller shippers, brokers and carriers, a dynamic that newer solutions providers are attempting to change.
Logistics Technology NewsTrucking NewsTruckloadTruck brokers

US truckload pricing expected to rise, but trajectory remains unclear

Ari Ashe and William B. Cassidy, Senior Editors |
Not all industry analysts believe a surge in demand is necessary for US truckload rates to rise in 2024, but some say capacity levels remain too high for a big move upward.
SurfaceTrucking NewsTruckload

Yellow attorneys quash ‘going concern’ bid for LTL network, equipment

William B. Cassidy, Senior Editor |
An attempt to buy and revive some version of Yellow was called “not viable” after a terminal auction raised $1.9 billion from 22 bidders.
SurfaceTrucking NewsLTL

Bankrupt Yellow suspends auction of 147 leased terminals until Dec. 18

William B. Cassidy, Senior Editor |
Suspending the auction of its remaining leased properties may give defunct LTL provider Yellow time to work out difficulties with landlords over the leases of potentially valuable properties.
SurfaceTrucking NewsLTL

ODFL Q4 operating data underscores softness in US LTL trucking market

William B. Cassidy, Senior Editor |
The second-largest US LTL provider saw daily shipments increase less than 1% year over year in November, signaling continued softness in underlying LTL demand as the post-Yellow market settles.
SurfaceTrucking NewsLTL

Big US LTL carriers reap lion’s share of Yellow terminals in auction

William B. Cassidy, Senior Editor |
XPO, Estes, Saia and R+L collectively put up more than 80% of the $1.9 billion bid for terminals of bankrupt LTL provider Yellow, while more sites, including some major facilities, have yet to be auctioned. 
SurfaceTrucking NewsLTL

Wakeo lands fresh investment in far less heated freight visibility market

Eric Johnson, Senior Technology Editor |
The company, which caters to shippers like Uniqlo and Michelin, will use the new round of funding to spur a global expansion of its multimodal freight visibility product.
Logistics Technology NewsContainer Shipping NewsTrucking NewsSupply chain

US truckload rates unlikely to see major holiday bump amid tepid peak season

Ari Ashe, Senior Editor |
As US port volumes remain lackluster, there is not as much freight to move on trucks, causing the market to stay relatively stagnant ahead of what typically is the busy holiday season.
Trucking NewsTruckload

Roadrunner to enter Canada as K+N, Canada Cartage make cross-border acquisitions

William B. Cassidy, Senior Editor |
The expansion of the three companies, all representing different modes across the US-Canadian border, underscores the depth of the relationship between the two economies.
SurfaceForwardingTrucking NewsTruckloadLTL

Control of US LTL capacity in 2024 hangs on sale of Yellow terminals

William B. Cassidy, Senior Editor |
An auction of Yellow’s 174 owned terminals is scheduled for Tuesday, with winning bids to be disclosed on Friday while a separate battle continues over 149 leased terminals.
SurfaceTrucking NewsLTL

European truckers brace for hefty toll hikes in Germany linked to CO2 emissions

Greg Knowler, Senior Editor Europe |
The CO2 charge on commercial vehicles is aimed at incentivizing the use of green fuels and lower-emissions trucks, but it will come at a significant cost to the road haulage industry.
SurfaceTrucking NewsTruckload

Estes commits to more technology spending after October cyberattack

William B. Cassidy, Senior Editor |
With its systems restored, the LTL carrier plans to “lean into” technology development and investment for greater security and visibility.
SurfaceLTL

LTL carriers aim high in pricing as market continues to settle post-Yellow

William B. Cassidy, Senior Editor |
Large LTL trucking providers are raising tariff rates 5% to 8% on average, but the LTL PPI slowed its growth to under 1% in October.
SurfaceTrucking NewsLTL

Oversupply weighs heavily on US truckload market, keeping prices in check

William B. Cassidy, Senior Editor |
Although small trucking firms are folding, there is still a large supply of carriers and trucks keeping a lid on pricing amid soft demand. 
SurfaceTrucking NewsTruckload

Forward Air formally moves to terminate Omni Logistics merger

William B. Cassidy, Senior Editor |
The expedited less-than-truckload provider has asked a Delaware court to let it kill the controversial deal that has caused its share price to plummet and raised the ire of activist investors.
SurfaceForwardingTrucking NewsLTL

US shippers expanding private fleets in uncertain truck market

William B. Cassidy, Senior Editor |
The need for greater supply chain stability, not just control over on-time service, is driving growth in the number of private fleets run by shippers even in a time of cheap truck rates.
SurfaceTrucking NewsTruckloadSupply chain

Bid from car hauler to revive defunct Yellow has shippers skeptical

William B. Cassidy, Senior Editor |
Jack Cooper Transport wants to outbid other truckers for the assets of the bankrupt less-than-truckload provider, but it’s not clear how the bid would work.
Trucking NewsLTL

US truckload shippers urged to launch bids now to get best 2024 rates

Ari Ashe, Senior Editor |
An uptick in the West Coast share of Asian imports has already translated into heightened demand for surface transportation.
TruckloadTruck brokers

‘Aggressive’ truck brokers stuck in soft market: C.H. Robinson

William B. Cassidy, Senior Editor |
The largest US freight broker expects more companies to follow Convoy and exit the market as demand remains weak and rates stay low. 
SurfaceTrucking NewsTruckloadTruck brokers

Omni Logistics sues Forward Air to enforce completion of merger deal

William B. Cassidy, Senior Editor |
Freight forwarder Omni isn’t giving up on a merger with Forward and is moving to force completion of the deal despite Forward’s cold feet. 
SurfaceForwardingTrucking NewsLTL

Dry van truckload capacity in no hurry to exit despite bear market: analyst

Jason Miller, associate professor of logistics at Michigan State University, and Journal of Commerce analyst |
It is unlikely that supply and demand for dry van trucking will reach an equilibrium before the second quarter of 2024, and that is likely an optimistic date, writes analyst Jason Miller.
SurfaceTrucking NewsTruckload

US LTL carriers expanding terminal networks amid post-Yellow recalibration

William B. Cassidy, Senior Editor |
With hundreds of terminals on the market, LTL trucking companies are setting their sights on Yellow’s sites and other properties as they expand and optimize networks to handle more freight.
SurfaceTrucking NewsLTL