US shippers are opening contract talks early, extending existing agreements, and seeking short-term contracts to hedge against expected 2021 rate increases.
Saturday October 31, 2020
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Trucking Logistics
Trucking Logistics
Trucking news and expert analysis of trucking companies across the United States, from trucking industry news about such leading freight carriers as Swift Transportation and Old Dominion Freight Line to smaller regional trucking firms plying various cross-border and domestic routes.
The trucking industry landscape — both for asset and non-asset companies — is being transformed by new customer expectations and an explosion in logistics technology that amounts to a digital revolution. JOC coverage analyzes why and how transportation and logistics providers can either harness that technology or risk falling behind their competitors, unable to meet rising customer demands. For trucking companies and their customers, automating and improving processes also provides greater efficiencies and greater return on their investment.
JOC.com ranks the largest trucking companies each year and also provides rankings of the largest truckload and less-than-truckload carriers.
News & Analysis
26 Oct 2020
More large goods are being sold online and delivered by LTL carriers such as Southeastern Freight Lines, as retailers seek multiple capacity options to reach consumers
22 Oct 2020
Freight brokerage software provider Parade has set up direct integration with two companies that focus on digitally enabling small carriers, which gives brokers using Parade access to that capacity.
21 Oct 2020
Margin transparency is taking root among early stage freight brokers, with cross-border 3PL Forager saying Wednesday it will provide clear pricing and service fees on any quote provided on its platform.
20 Oct 2020
A new drayage TMS provider aims to arm port carriers with modern technology to automate back office functions and better manage dispatch and customer engagement.
19 Oct 2020
Available drivers have been hard to find with such a sudden and sharp rise in domestic and international container flows, placing a great deal of strain on the fluidity of the supply chain.
16 Oct 2020
J.B. Hunt said intermodal results were worse than anticipated because of major network congestion in rail terminals and shippers sitting on containers, which may not ease until 2021.
15 Oct 2020
Long-haul trucking faces fiercer competition for truck drivers in the future and a shrinking pool of qualified driver candidates, ATA’s chief economist told the 2020 Transplace Shipper Symposium.
14 Oct 2020
The long run-up in spot market truckload rates and truck freight demand may be reaching its peak, but don’t expect a quick descent, speakers at the Transplace Shipper Symposium said Wednesday.
13 Oct 2020
An analysis of shipper transaction data shows a marked slowing of spot market rate hikes in September after a turbulent summer, perhaps pumping the brakes on the rise of contract rates
12 Oct 2020
This year’s peak season promises to be tumultuous, but 2021 could be just as difficult for shippers as 2020.
09 Oct 2020
Shippers are modifying their approach to truckload contracting, using more short-term “mini-bids” than ever before and turning to technology to improve a process that often breaks down when market prices swing quickly.
08 Oct 2020
As capacity tightens at the US-Mexico border, truckload carrier CFI is building a series of consolidation centers to expand its efforts to capture Mexico-bound less-than-truckload freight and provide shippers with more capacity.
07 Oct 2020
Logistics executives do not expect spot truckload rates to soar much higher, but they do not think they will drop either, forcing shippers to collaborate more.
06 Oct 2020
The purchase of Value Logistics gives Forward a bigger intermodal presence in the South-Central distribution hub as freight volumes of all types rise, said CEO Tom Schmitt.
06 Oct 2020
A widely-used drayage management solutions provider has added the truck parking marketplace SecurSpace to help drivers find parking and equipment storage options directly in their transportation management systems.
06 Oct 2020
DCLI is ending contracts with NVOCCs because it believes truckers are better partners in the merchant haulage business, but other chassis providers will not follow suit and plan to keep conducting business with everyone.
06 Oct 2020
The freight broker Transfix is providing small carriers with free standalone operational technology to align their capacity availability with needs from the company’s shipper customers.
05 Oct 2020
A substantial increase in heavy truck orders in September begs the question: Who will drive those trucks? Trucking employment is improving, but still down 4.7 percent year over year.
05 Oct 2020
Giving better volume forecasts to container lines and collaborating with truckload carriers can help shippers when capacity gets tight, but it’s higher rates that lock in the slot space on a vessel or guarantees a trailer load gets picked up when needed.
02 Oct 2020
A private equity group has plunged $500 million into Uber Freight, signaling that longer-term investors believe the business model of digital freight matching will gain traction in the years ahead.
01 Oct 2020
The new rate differential tracked by DAT chief scientist Chris Caplice is rising at a faster pace, a sign that shippers will see a greater increase in truckload contract rates.
30 Sep 2020
Shippers moving to mini-bids as truck capacity tightens need more detailed and near-real-time data to match freight lanes and tractor-trailers.
29 Sep 2020
TRAC chassis are in short supply in Columbus, Ohio, because the equipment provider said repairs were necessary on chassis returned from the cooperative pool that was disbanded last month.
28 Sep 2020
Rising local trucking employment in the US and higher pricing highlights a shifting balance in transportation networks accelerated by double-digit growth in e-commerce sales.
25 Sep 2020
Criticism of the truckload broker Convoy for using venture capital to expand its market share reached a fever pitch this week based on a new offering that helps shippers sidestep the annual bid process, a product incumbent brokers claim is not as innovative as Convoy suggests.
24 Sep 2020
US shippers are returning to the ‘shipper of choice’ model as a peak season unlike any other looms ahead, trucking executives told the virtual CSCMP 2020 Edge conference this week.
23 Sep 2020
Speaking at the virtual 2020 CSCMP Edge conference, Target’s Arthur L Valdez, Jr., forecasts a reinvention of retailing based on logistics and increasingly precise and rapid transportation.
23 Sep 2020
To mitigate sudden increases in demand for last-mile capacity and high peak season parcel surcharges, US retailers are extending sales promotions through the holiday season.
22 Sep 2020
Equipment providers and terminal operators say excessive container and chassis dwell times at import warehouses in Southern California are the main culprit in recent congestion at the ports of Los Angeles and Long Beach.
22 Sep 2020
A new service from C.H. Robinson could replace the annual truckload bidding process with a more dynamic approach to procuring trucks and increasing savings across networks of freight lanes.
21 Sep 2020
Global 3PL ACI Worldwide and ground transportation provider Forward Air have expanded their last-mile capabilities for large and bulky freight to compete with the growing FedEx Freight Direct service.
21 Sep 2020
Lawyers representing ocean carriers, OCEMA, and CCM have asked the FMC to dismiss ATA’s complaint into chassis, arguing the regulatory body lacks jurisdiction and only cargo owners can bring such a case.
18 Sep 2020
Large truckload carriers made their deepest capacity cuts in a decade in the second quarter, the JOC Truckload Capacity Index shows; they’re not likely to restore capacity quickly.
18 Sep 2020
Shippers using third-party vendors to help them manage auditing and paying their freight bills see a sizable advantage in process costs versus those that manage the function in-house, new research has found.
17 Sep 2020
A new integrated distribution center just outside Hagerstown, Maryland, will position regional LTL carrier A. Duie Pyle for greater growth in Virginia and along the I-70 and I-81 corridors as freight demand approaches 2019 levels.
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Commentary
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