Trucking News

A dearth of consolidation means there are still plenty of visibility vendors for shippers to choose from, but it also means the market as a whole is on somewhat unsteady ground.

Brokers would have to make transaction records, including shipper rates, available to trucking companies electronically and the requirements could supersede non-disclosure agreements, according to a proposed rule from the Federal Motor Carrier Safety Administration.

GenLogs, founded by an ex-counterterrorism expert, is offering shippers and brokers a way to track lost trailers and trucks as cargo theft booms in the US.

Sean Duffy is the incoming administration’s pick for transportation secretary, with much of his prior legislative focus on issues related to trucking.

Shippers, brokers and trucking executives at a Traffic Club of Chicago forum all said the long freight downturn isn’t finished — but are hopeful it’s nearing an end.

The company sees its new Broker Access product as another channel for brokers to find capacity outside of contracts with truckload carriers and posting spot freight on a load board.

Customers of automated freight procurement tool Keelvar will get access to more than $1 trillion in truckload pricing data as part of a new arrangement with DAT Freight & Analytics.

After two years of shipping pricing power, analysts expect spot and contract truckload rates to rise over the course of next year, with the biggest hikes coming in the second half.

The Journal of Commerce Truckload Capacity Index indicates large US carriers pulled back on capacity cuts in the third quarter and are planning for expansion and higher rates.

Cross-border supply chains need to become more integrated and efficient to increase capacity on both sides of a constricted border, logistics executives say.

Shippers once saw small variances on freight bills as a nuisance too insignificant to dispute, but technology is enabling more efficient scrutiny across transportation modes.

Those companies are combining to get the terminals, talent and technology they need to compete as larger carriers increasingly seek business in their markets.

Less-than-truckload volumes may be down as much as 15% from 2021, but carriers are pushing for rate hikes in single-digit percentages as they plan expansion.

A stronger manufacturing recovery is needed to increase demand in both the truckload and LTL sectors, speakers said during a Journal of Commerce webcast.

Some freight brokers are increasing the number of loads they can book per day with software that automates repetitive components of the booking process.

Trucking companies large and small are considering adding more LTL providers to their portfolios, but finding the right acquisition targets is a challenge.

Freight marketplaces report a new storm-related surge in spot volume, lifting transactional pricing as trucking heads toward its peak holiday season.

The truckload spot market is cooling after a surge in rates and volume, but seasonality is expected to give it another boost as year-end holidays approach.

As damage from Helene and Milton is being tallied, logistics experts say the storms won’t do much to accelerate spot and contract truckload pricing in the long term.

Following Hurricane Helene by less than two weeks, Milton will draw more truck capacity to the Southeast, upsetting market balance and pushing spot prices higher.

Although ongoing softness in the US freight economy is tempering forecasts for higher truck pricing, both truckload and less-than-truckload carriers expect pricing gains next year.

Shipping executives say domestic intermodal rates are set for a rise as trucking pricing expands, but they’re not expecting significant increases.

The US economy will grow in 2025, but not by leaps and bounds, with consumer spending forecast to drop while freight rates rise, according to speakers at the Journal of Commerce Inland Distribution Conference 2024 (Inland24).

Recovery efforts are barely under way after a deadly and destructive storm ripped through several southern states, but reconstruction will draw on truckload supply nationwide.

A court has cleared the sale of the last batch of properties from the bankrupt LTL provider, more than two dozen of which are located near container ports.

Drayage and trucking firms say they are busy pulling containers from East and Gulf coast ports, sending them across the US on rail networks while locating storage space ahead of the Oct. 1 strike date.

GenLogs, a technology provider aiming to help US brokers track trucks, uses a network of roadside sensors to passively collect truckload carrier locations.

Brokers looking to tap into the booming US-Mexico trade now have a tool to serve shipper requests to handle cross-border truckload moves.

Cutting terminals as freight volume drops, FedEx Freight is positioning itself for growth and a possible separation from its parcel carrier parent company in 2025.

Higher-than-expected retail sales in stores and online last month helped increase truckload shipments, but excess capacity is keeping rates in a holding pattern.

An analysis of quarterly and monthly Labor Department data puts trucking employment at 2019 levels, and that could signal a quicker change in capacity if freight increases.

A soft freight economy and improved shipper scheduling and loading procedures are contributing to a decline in driver detention time, the American Transportation Research Institute says in a new study.

Shipper-paid spot truckload rates out of Southern California rose 6 cents per mile in August from July, despite the national shipper-paid spot rate average falling 6 cents during the same period.

The latest year-over-year comparisons are clearing up LTL market distortions caused by Yellow’s failure and revealing weak demand, but tight capacity is pushing up rates.

The ocean shipping line is the latest to plant a stake in a key manufacturing region along the US-Mexico border.

Post-Labor Day retail demand is tightening capacity in key distribution markets, but overall demand is depressed, partly because of a slowdown in manufacturing.

Investors have put $6.3 million into a startup aiming to provide a procurement and transportation management software alternative to enterprise-focused solutions.

The possible sale of DHL Freight’s US regional LTL arm to Jack Cooper would be the latest in a series of acquisitions aimed at building larger LTL networks.

Reduced overall capacity, higher pricing and more dense and efficient networks are defining characteristics of the post-Yellow LTL market.

The BlueGrace Logistics Confidence Index shows an uptick in negative sentiment about revenue and orders in late 2024, despite gains in freight volume this summer.