Rip Watson

Business, Equipment, Top 100

Truck Orders Slow to Crawl Amid Pandemic

Engine assembly Employees lower an engine into a truck at Volvo's New River Valley assembly plant in Dublin, Va. (Justin Ide/Bloomberg News)

Market uncertainty due to the effects of COVID-19 has depressed demand for new trucking equipment, with new Class 8 truck orders sinking to a 25-year low.

Rip Watson | Special to Transport Topics
June 22, 2020
Business, Top 100

One Small Fleet’s Role in the COVID-19 Response

Boyle Transportation Workers at Boyle Transportation Pose with masks on that display fun drawings. (Boyle Transportation)

Boyle Transportation, which has been hauling medical supplies and equipment during the pandemic, is among the many small trucking companies that have played a direct role in the nation's response to COVID-19.

Rip Watson | Special to Transport Topics
June 22, 2020
Business, Top 100

Pandemic Exacts Heavy Financial Toll on Trucking Companies

Covid store closed Much of the U.S. economy shut down as businesses closed their doors during the coronavirus pandemic. (Steven Senne/Associated Press)

COVID-19 has delivered a powerful shock to the economy and freight transportation, creating significant financial challenges for many trucking companies.

Rip Watson | Special to Transport Topics
June 22, 2020
Business, Logistics, Top 100

LTL Carriers See Slower Growth, but Economic Outlook Remains Positive

Old Dominion Freight Line double trailer Old Dominion's first-quarter profit climbed 22% from a year earlier. (Old Dominion Freight Line)

Less-than-truckload carriers are settling into a more modest growth scenario as 2019 unfolds, with widely shared expectations that a still-solid U.S. economy and favorable industry fundamentals will keep fleets on a positive course.

Rip Watson | Special to Transport Topics
June 24, 2019
Business, Technology, Top 50

Rail Profits Rise, But Intermodal Growth Not Certain

(Source: Transport Topics from company reports)

As motor carriers enjoy the fruits of the tight freight environment, railroads are continuing their push to boost earnings while they adjust to a market that increasingly is shifting toward intermodal.

Rip Watson | Special to Transport Topics
September 17, 2018
Business, Equipment, Logistics, Top 100

LTL Carriers Refine, Expand Services

ABF truck pulls out from a loading dock An ABF truck pulls out from a loading dock. (John Sommers II for Transport Topics)

Leaders at prominent less-than-truckload carriers are optimistic about the future as their companies adapt and expand services to capitalize on favorable long-term trends, such as the move toward smaller shipments and the growth of e-commerce.

Rip Watson | Special to Transport Topics
July 16, 2018
Business

Panama Canal Authority Gives First Look at Increased Cargo Following Expansion

Panama Canal Authority

The Panama Canal Authority has disclosed the first cargo statistics that outline the increased activity since the expanded waterway was opened, including 238 transits by Neopanamax vessels that were too large to make the trip in the past.

Rip Watson | Special to Transport Topics
October 31, 2016
Business

Fleet Failures at 2-Year High in Weak 3Q Freight Market

Fleet failures, measured in trucks pulled off the road, spiked in the third quarter to a two-year high, propelled by deteriorating rates, a stagnant freight market and gradually rising diesel prices, according to a new report.

Rip Watson | Special to Transport Topics
October 17, 2016
Business, Government, Autonomous

New Pension Proposal Surfaces; Won’t Fix Some Teamsters Funds

Draft legislation that’s intended to preserve retiree pensions has surfaced in the House of Representatives, but the proposal won’t offer any relief for about 400,000 Central States Pension Fund Teamsters who face an uncertain financial future.

Rip Watson | Special to Transport Topics
October 3, 2016
Business

Higher Driver Pay Overtakes Fuel as Fleets' Top Expense, ATRI Says

Trucking’s operational costs fell 6% per mile last year, on a year-over-year basis, helped by a 31% drop in fuel prices that outweighed the highest-ever driver pay as well as increased insurance and truck payment expenses.

Rip Watson | Special to Transport Topics
October 3, 2016

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