The planned merger of GlobalTranz and Worldwide Express, creating the fourth-largest freight brokerage in North America, allows the third-party logistics providers to pool parcel, less-than-truckload, and truckload capabilities in tight surface capacity market.
William B. Cassidy
William B. Cassidy
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As the US economy reopens, more states are speeding up the permitting process for oversize/overweight flatbed loads, as cargo diversion complicates routing.
Housing, energy, and manufacturing are generating intense demand for flatbed transportation at a time when a shortage of materials is disrupting supply chains.
The US for-hire trucking industry has added 25,100 jobs over the past three months, but the US economy appears to be expanding faster than trucking recruiters can hire workers.
Double-digit year-over-year increases in volume and revenue at Old Dominion Freight Line set a benchmark for US economic and LTL sector growth since the worst point of the recession.
High consumer demand for electronics drove many US importers back to China in 2020, but alternative markets such as Vietnam, Thailand, and Mexico are still growing as well.
The Coyote Curve truckload market forecast calls for a new spot pricing peak in the third quarter, but the pricing cycle may not turn downward until 2022.
The largest US truckload operator, Knight-Swift, acquired non-asset 3PL UTXL to gain access to additional trucks and drivers, as well as new logistics services.
US produce and food shippers are short on trucks as heightened demand for grocery and restaurant food meets shortages of everything from ketchup to truck drivers to pallets.
As container vessels and freight clog major ports, oversized and overweight project cargo is being rerouted coast to coast, driving up ocean shipping and inland transportation costs.
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