The trucking spot market has remained in a down cycle for more than a year as the number of trucks and drivers diminished — albeit at a slower rate than the decline in overall freight demand.

Forward Air Corp. experienced a 138% earnings drop year-over-year during the fourth quarter of 2023, the company reported Feb. 28.

Used Class 8 truck sales in January increased 17.3% compared with the same period the prior year, ACT Research reported.

American Trucking Associations’ Technology & Maintenance Council is set to explore the importance of proper spec’ing during its annual conference starting March 4.

Flexport launched a new technology platform that offers global shippers access to a trucking capacity marketplace of small carriers and owner-operators, the company announced Feb. 22.

J.B. Hunt Transport Services announced Feb. 22 that subsidiary J.B. Hunt Transport has entered into a multiyear intermodal service agreement with Walmart Inc.

U.S. trailer orders in January declined sequentially and from the prior year, according to ACT Research. The sequential fall-off was the first since November.

The U.S. transportation sector is in a better position to handle disruptions from the Red Sea with efforts to improve capacity amid a slowdown in freight, according to experts.

Universal Logistics Holdings beat fourth-quarter expectations despite experiencing a year-over-year decline in revenue and earnings, the company detailed Feb. 15.

GXO Logistics reported an increase in revenue and earnings year-over-year during the fourth quarter, despite the softer freight market, the company detailed Feb. 14.