Business, Technology, Logistics

Blockchain’s Promise for Trucking

The next phase in the evolution of freight transportation may very well be blockchain, a shared digital ledger that could increase the speed and accuracy of many kinds of transactions

Seth Clevenger | Managing Editor, Features
February 12, 2018
Government, Business, Equipment, Logistics

Tax Law Sparks Questions on Purchases, Raises in Trucking

Dohrn Transfer Co. truck Dohrn Transfer Co. gave $1.2 million to its employees by including $1,000 bonuses in their Jan. 29 paychecks (TT File Photo)

As transportation companies reap the rewards of tax relief stemming from the new tax law, some CEOs have reinvested the extra cash into new tractor-trailers or bonuses for their employees.

Ari Ashe | Staff Reporter
February 12, 2018
Business, Logistics

There Aren’t Enough Truckers, and That’s Pinching US Profits

Mack Trucks

Tyson Foods Inc. expects to pay $200 million extra for freight this year. Kellogg Co.’s logistics costs will rise nearly 10%. McCormick & Co. blamed increased shipping expenses for its failure to achieve a profit target.

Thomas Black | Bloomberg News
February 12, 2018
Business, Technology, Equipment, Fuel, Logistics, Autonomous

Technology of Tomorrow to Be Key Topic at TMC Annual Meeting

TMC 2017 exhibit floor A view of the exhibit floor during TMC 2017 in Nashville, Tenn. This year's annual meeting will be in Atlanta. (John Sommers II for Transport Topics)

Future advancements in the trucking industry will be at the forefront of the Technology & Maintenance Council’s 2018 Annual Meeting and Transportation Technology Exhibition set for early next month.

Fran Matso Lysiak | Equipment Editor
February 9, 2018
Business, Logistics

Maersk Drops as Company Misses Estimates After an ‘Unusual’ Year

Maersk Line

A.P. Moller-Maersk A/S fell short of earnings expectations last year but promised its shareholders that profit at the world’s biggest shipping company will grow as much as 43% in 2018.

Christian Wienberg | Bloomberg News
February 9, 2018
Business, Logistics

Analysis: The US Is Running Out of Truckers

Mack Trucks

Without enough trucks and drivers on the road, some combination of things is going to happen: Shipments will be delayed, and producers will have to pay higher prices to get goods to market.

Conor Sen | Bloomberg News
February 9, 2018
Government, Logistics

Trudeau Threatens to Leave NAFTA Rather Than ‘Take Any Old Deal’

David Paul Morris/Bloomberg News

Canadian Prime Minister Justin Trudeau made some of his most aggressive comments to date on dealing with U.S. demands to rework the North American Free Trade Agreement, adding he still thinks he can get the right deal for his country.

Greg Quinn | Bloomberg News
February 9, 2018
Business, Logistics

Fulfillment Centers Moving Closer to Consumers

Workers process boxes at a distribution center Getty Images

The growth in e-commerce is driving up demand for smaller industrial spaces nearer to cities so fulfillment firms can quickly get their products to customers, but it remains to be seen if fulfillment centers will start operating in suburban neighborhoods.

Burney Simpson | Staff Reporter
February 8, 2018
Business, Logistics

Echo Global Logistics Revenues Surge 34.6%

Echo Global Logistics coffee mug Echo Global Logistics

Echo Global Logistics revenues surged 34.6% and profits beat analysts’ expectations by a large margin in the three months ended Dec. 31.

Daniel P. Bearth | Transport Topics Senior Features Writer
February 7, 2018
Business, Logistics, TCA

Old Dominion Freight Line Helps MLB Teams Move

Old Dominion Freight Line

Continuing its partnership with the league and MLB teams across the country, Old Dominion Freight Line, along with fans and players, celebrated the beginning of a new season during the traditional spring training send-off known as Moving Day, according to a release.

The Dispatch | Lexington, N.C.
February 7, 2018