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.
William B. Cassidy
William B. Cassidy
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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.
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
This year’s peak season promises to be tumultuous, but 2021 could be just as difficult for shippers as 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...
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...
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.
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.
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.
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.
Shippers moving to mini-bids as truck capacity tightens need more detailed and near-real-time data to match freight lanes and tractor-trailers.
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Oct 29, 2020 1:00PM EDT
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