Many truckload carriers are on their second round of pay hikes this year as freight demand grows faster than driver supply. Can they keep pace with the peak?
William B. Cassidy
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Acquisitions boost revenue, profit for Iowa-based Heartland Express as US freight demand pushes the limits of ‘transportation infrastructure.’
Shorter (and sometimes longer) contracts, volume commitments, and even higher rates are among the many types of bait shippers are using to capture elusive truckload capacity.
Once cyclical, problems such as the driver shortage are becoming systemic. That threatens to ‘bake’ higher costs into transportation rates.
There's no 'leisurely summer' for Union Pacific CEO Lance Fritz; he's working to build capacity and work through short-run imbalances, while bracing for impact of trade disputes.
The question shippers are asking is, “If you see the freight, can’t you let me know where there’s carrier capacity available?”
The trucking and logistics operator — the 15th largest in the United States — may issue new stock or consider new equity or debt capital as it restructures.
The world’s biggest transport operator sees a combination of fuels and technologies as necessary to meet shipper sustainability goals.
The Landair Holdings acquisition underscores strong shipper demand for dedicated services to meet delivery demands.
A petition calling for a ‘small business’ exemption to the electronic logging device (ELD) mandate has failed, and that means the ELD era has become more entrenched.
It’s a stronger US truck market than even 2004/2005, drivers are aware that they are in short supply, and there is no end in sight — hence there is an obvious reason why both shippers and trucking...
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