Pricing power in the freight market moves like a pendulum, and in 2020 the buyers (shippers and 3PLs) and sellers (carriers) of transportation capacity have seen the direction change multiple times. Buyers gained an unexpected pricing advantage in the first and second quarters when capacity flooded the market from hard-hit sectors like automotive, manufacturing and foodservice […]
Following a record year in 2018 for freight demand and the highest tonnage in 20 years, trucking in 2019 saw a contraction that resulted in a dramatic per-mile cost decrease for fleets across the country, according to the latest Operational Costs report from the American Transportation Research Institute. Carriers responding to ATRI’s report saw in […]
According to the 2020 third-quarter cargo theft trend data released by cargo theft recording firm SensiGuard, cargo theft volumes increased by 7% when compared to the third quarter in 2019. The firm’s data is based on reports from law enforcement, insurance companies and more, and does not represent 100% of all theft activity. During the […]
DHL (No. 41 on the CCJ Top 250) announced it is piloting four BYD Class 8 battery-electric trucks in the Los Angeles market, just in time for the holiday shipping season. The electric trucks are manufactured by BYD Motors and built to be capable of running all day on a single charge, DHL says.
A wave of good news over the past week from major pharmaceutical companies regarding the success of experimental COVID-19 vaccines could lead to the deployment of tens of millions of doses to be administered by year’s end. Pfizer, who said its vaccine trial showed an effective rate of 95%, hopes to administer some 50 million […]
Goodyear to supply tires for autonomous developer TuSimple Goodyear Tire & Rubber Company announced a strategic relationship with autonomous trucks developer TuSimple to provide tires and tire management services to TuSimple’s Autonomous Freight Network. As part of the collaboration, Goodyear will provide products and repair services to TuSimple trucks. Additionally, the two companies will conduct tire […]
FMCSA blocks Washington state’s meal and rest break laws The U.S. DOT has blocked another state from enforcing state-level laws that require motor carriers to grant truck drivers periodic meal and rest breaks. The DOT’s Federal Motor Carrier Safety Administration, in a notice issued Tuesday morning, granted a petition from the Washington Trucking Association that […]
The coronavirus pandemic battered just about every business segment imaginable for at least some period of time this year, but the trucking industry fared better than many. Trucking lost almost 100,000 jobs as COVID-19 and ensuing lockdown orders and a soaring national unemployment rate sapped consumer spending. Trucking employment has rebounded every month since April, but still has not […]
