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No logistics ‘normalcy’ in sight for US shippers: CSCMP
William B. Cassidy, Senior Editor | Jun 22, 2022, 2:49 PM EDT
Despite softening spot rates in some modes, overall supply chain costs are rising, with higher interest rates putting more pressure on inventories, according to the CSCMP State of Logistics report.
Trucking News
LTL
Truck brokers
Carrier Rankings: Large carriers see decline in Asia–US market share
Teri Errico Griffis, Associate Editor | Jun 21, 2022, 2:49 PM EDT
The market share of major carriers on the eastbound trans-Pacific fell through the first four months of the year amid the emergence of smaller players who took advantage of the import surge.
Maritime
Demand for digital truckload spot quotes rises as prices fall
William B. Cassidy, Senior Editor | Jun 17, 2022, 10:55 AM EDT
C.H. Robinson Worldwide says the changing trucking market is driving up demand for automated spot pricing quotes by double-digit percentages.
Truck brokers
Logistics Technology News
Long-haul truckload carriers continue regional buying spree
William B. Cassidy, Senior Editor | Jun 16, 2022, 2:10 PM EDT
P.A.M. Transportation’s purchase of Northeastern carrier Metropolitan Trucking is the latest in a string of regional acquisitions by large national companies aimed at expanding services for shippers.
Truckload
Truckload, LTL costs keep climbing for US shippers: S&P Global
William B. Cassidy, Senior Editor | Jun 15, 2022, 4:30 PM EDT
US producer price indexes show overall transportation costs and total trucking costs moved higher still in May, and S&P Global expects the trend to continue.
Truckload
LTL
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UK trucking operator plans entry into US LTL market
William B. Cassidy, Senior Editor | Jun 10, 2022, 11:15 AM EDT
Pall-Ex Group, a franchise network of more than 700 truckers hauling palletized freight across Europe, wants to set up shop in the US and is looking for a beachhead in the LTL market.
LTL
US trucking acquisitions gaining speed in a tough market
William B. Cassidy, Senior Editor | Jun 8, 2022, 4:49 PM EDT
Acquisitions are a tool with which profitable large carriers such as Schneider National and Heartland Express are expanding their footprints and their portfolio of services, despite market headwinds.
Truckload
Shippers adapting to ‘realignment’ of US trucking capacity, rates
William B. Cassidy, Senior Editor | Jun 7, 2022, 5:05 PM EDT
The cooling of trucking’s transactional spot market signals a “realignment,” not a contraction, as shippers cement contractual agreements and freight demand rises, albeit more slowly.
Truckload
LTL
Truck brokers
Top US Shippers: US auto trade rebounding despite disruption, parts shortages
Dustin Braden, Shipper Relationship Manager | Jun 6, 2022, 9:29 AM EDT
Despite strong demand both in the US and overseas, actual US vehicle production and sales remain restrained by parts shortages that forced automakers to halt production several times in 2021.
Maritime
US trucking’s hiring surge gaining momentum
William B. Cassidy, Senior Editor | Jun 3, 2022, 2:29 PM EDT
The addition of 22,500 trucking employees in May after a 14,900-gain in real jobs in April reveals a trucking sector confident in continuing freight demand as markets realign in 2022.
Trucking labor
LTL
Heartland Express expands as truck market rebalances
William B. Cassidy, Senior Editor | Jun 1, 2022, 2:57 PM EDT
The acquisition of Smith Transport by Heartland Express points to continued strong freight demand as the shipping market seeks a new balance between contract and spot freight.
Truckload
Severe scarcity of US trailers frustrating shippers
William B. Cassidy, Senior Editor | May 30, 2022, 8:00 AM EDT
Expanded use of trailer pools will help ‘consolidate truckload services’ and speed goods more efficiently, but first trucking companies, brokers, and shippers need more trailers.
Truckload
LTL
US data shows truckload, LTL pricing still rising
William B. Cassidy, Senior Editor | May 23, 2022, 4:03 PM EDT
US Labor Department data that includes contract rates shows no drop in overall truck pricing in April, despite a truckload spot market rate plunge.
Truckload
LTL
Truck brokers
JOC Top 100 US importer and exporter rankings 2021
JOC Staff | May 23, 2022, 9:43 AM EDT
Walmart remained atop the list of the 100 largest US importers by a wide margin in 2021, while Koch Industries retained the No. 1 export spot.
Container lines
US retailers struggle to ‘right-size’ inventories
William B. Cassidy, Senior Editor | May 20, 2022, 3:16 PM EDT
For some US retailers, inventories are too high, but others are steadily building stockpiles to mitigate supply chain risks ahead of the year-end holidays, keeping freight demand high.
Trucking News
Steady US manufacturing, retail sales growth keeps freight demand rolling
William B. Cassidy, Senior Editor | May 18, 2022, 4:58 PM EDT
Increases in industrial production and retail sales in April suggest continuing strength in overall freight demand, despite tumbling truckload spot rates.
Truckload
LTL
Cass sees freight demand ‘ebbing’ while others see slower growth
William B. Cassidy, Senior Editor | May 13, 2022, 4:20 PM EDT
The debate over whether a freight recession is starting in US trucking is getting hotter as spot rates decline but other demand and pricing indicators stay positive.
Truckload
LTL
Demand keeps pressure on US LTL capacity, rates
William B. Cassidy, Senior Editor | May 11, 2022, 5:08 PM EDT
Demand for LTL capacity is rising even faster than carriers can add terminals and doors, pushing rates higher still.
LTL
Forward Air expands drayage to feed LTL network
William B. Cassidy, Senior Editor | May 10, 2022, 3:54 PM EDT
Forward Air is acquiring a Seattle-based drayage company as part of its strategy to direct more transloaded international container freight to its expedited LTL network.
LTL
Hiring surge points to strong US trucking demand
William B. Cassidy, Senior Editor | May 9, 2022, 4:29 PM EDT
For-hire trucking employment soared past seasonal expectations in April, underscoring strong demand despite declining spot market pricing.
Trucking labor
JOC Rankings: North America West Coast ports lost share amid 2021 import surge
JOC Staff | May 9, 2022, 9:42 AM EDT
Only four of the JOC Top 25 North American Container Ports handled fewer imports in 2021, but growth at major West Coast gateways lagged that of their East Coast competitors, resulting in a shift in market share.
Port News
Rising inventories reshaping inland distribution: Ryder
William B. Cassidy, Senior Editor | Apr 29, 2022, 12:31 PM EDT
Shipper demand for more integrated port-to-door logistics is driving development of new, denser distribution networks, with facilities popping up in previously overlooked locations, Ryder System said.
Trucking News
Knight-Swift expands LTL reach with terminal buying spree
William B. Cassidy, Senior Editor | Apr 22, 2022, 5:41 PM EDT
Knight-Swift now gets 13 percent of its revenue from its regional less-than-truckload subsidiaries, as it adds terminals and expands from a “super-regional” to a national footprint.
LTL
Freight market death ‘greatly exaggerated’: Knight-Swift CEO
William B. Cassidy, Senior Editor | Apr 21, 2022, 3:24 PM EDT
US shippers’ need for truck capacity guarantees in a volatile market is pushing more freight away from the spot market to contract carriers, especially the largest fleets such as Knight-Swift.
Truckload
US freight market rebalancing: trucking executives
William B. Cassidy, Senior Editor | Apr 20, 2022, 12:25 PM EDT
Carrier executives say US transportation markets are stabilizing, with spot rates falling as freight shifts to contract carriers, but new approaches to contracting and planning are needed to control costs.
Truckload
LTL
Industrial demand gassing up US LTL market
William B. Cassidy, Senior Editor | Apr 18, 2022, 4:26 PM EDT
Recent gains in manufacturing activity, including consumer goods production, suggest continued expansion of US freight demand while dampening worries about retail spending.
LTL
Truckload rate cooling may be ‘delayed seasonality'
Ari Ashe and William B. Cassidy, Senior Editors | Apr 14, 2022, 4:39 PM EDT
Truckload spot rates have cooled considerably in the last 45 days, but a larger freight recession may not be on the horizon given demand remains strong in other modes of commercial transportation.
Truckload
LTL
Truck brokers
Lineage Logistics acquires Canada’s VersaCold
William B. Cassidy, Senior Editor | Apr 13, 2022, 2:33 PM EDT
Lineage’s latest acquisition expands the global food chain logistics company’s reach across Canada.
Logistics Technology News
US shippers consolidating loads to create truck capacity
William B. Cassidy, Senior Editor | Apr 12, 2022, 3:22 PM EDT
Better use of existing trucks and trailers is creating truckload capacity and reducing transportation costs, but it’s not clear how long that fresh capacity will be available, DAT principal analyst Dean Croke says.
Truckload
Port freight shift primes Gulf Coast spot truck rates
William B. Cassidy, Senior Editor | Apr 8, 2022, 8:00 AM EDT
The shift of containerized freight from the West Coast to the Gulf Coast and Southeast is absorbing truck capacity in those regions and pushing up spot rates, including rates from Houston to California.
Truckload
Higher fuel costs blunting US spot truck rate decline
William B. Cassidy, Senior Editor | Mar 25, 2022, 1:04 PM EDT
Base US truckload spot rates are falling, but higher fuel costs and market volatility are limiting over-the-road savings for shippers.
Truckload
US truckload capacity seen rising ‘on margins’
William B. Cassidy, Senior Editor | Mar 23, 2022, 4:39 PM EDT
After two incredibly tight years, the availability of truckload equipment and drivers is on the rise in the US, but constraints on capacity growth remain in place.
Truckload
LTL regional carrier Pyle expands into Virginia
William B. Cassidy, Senior Editor | Mar 16, 2022, 3:07 PM EDT
Growing e-commerce and import-export business is pulling Northeast regional LTL carrier A. Duie Pyle south to Virginia, where it plans to open three terminals and connect to ports.
LTL
Fuel price spike reshaping US shipping networks
William B. Cassidy, Senior Editor | Mar 14, 2022, 11:42 AM EDT
The sudden increase in fuel-related shipping costs caused by the war in Ukraine is already changing how shippers plan to move goods within the US, forcing them to consolidate shipments and even change modes.
Truckload
LTL
Yellow settles US overcharge claim for $6.8 million
William B. Cassidy, Senior Editor | Mar 11, 2022, 11:16 AM EST
Less-than-truckload provider Yellow denied liability but agreed to settle a longstanding allegation that it charged the US Department of Defense too much for certain shipments before 2013.
LTL
Shipper demand driving Knight-Swift deeper into LTL
William B. Cassidy, Senior Editor | Mar 9, 2022, 8:00 AM EST
The truckload and less-than-truckload markets are closer than ever, as retail demand and inventory replenishment put pressure on capacity, Knight-Swift CEO David Jackson says.
LTL
LTL volumes soar in February at truckers ODFL, Saia
William B. Cassidy, Senior Editor | Mar 7, 2022, 10:12 AM EST
Double-digit increases in tonnage and volume at two of the largest less-than-truckload carriers in February reflect strong overall demand from US retail and industrial shippers.
LTL
Restructured Roadrunner increases LTL freight velocity
William B. Cassidy, Senior Editor | Feb 28, 2022, 8:00 AM EST
On-dock automation and better analytical tools are helping linehaul LTL carrier Roadrunner cut transit times in 120 lanes as LTL shippers increase demand for speed, especially from ports.
LTL
US LTL revenue jumped 20 percent to $51 billion in 2021
William B. Cassidy, Senior Editor | Feb 23, 2022, 5:00 PM EST
Higher rates and accessorial charges helped the largest US less-than-truckload carriers add revenue at an unprecedented pace last year, with the five fastest-growing companies increasing their top line between 30 and 40 percent.
LTL
Transfix expanding brokerage platform as shippers increase demand
William B. Cassidy, Senior Editor | Feb 22, 2022, 3:40 PM EST
As it prepares to go public, Transfix is looking to derive more revenue from non-transactional shipper services, including its drop trailer program, and to draw smaller shippers to its platform.
Logistics Technology News
Trucking News
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