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
Business, Logistics

Tough Times for Intermodal as Freight Slows, Execs Say

HOUSTON — Intermodal businesses that have become accustomed to long-term growth likely are facing tougher times ahead in the form of a recession, changing freight patterns and other obstacles.

Rip Watson | Special to Transport Topics
September 26, 2016
Business, Logistics

Experts Paint Grim Picture for Intermodal Growth

HOUSTON — Intermodal businesses that have become accustomed to steady long-term growth are facing the prospect of tougher times ahead in the form of a likely recession and changing freight patterns, three industry experts said Sept. 19.

Rip Watson | Special to Transport Topics
September 19, 2016
Business

Driver Pay Levels Flatten

Driver pay increases during the second quarter sank to the lowest level in seven years as fleets show almost no interest in raising compensation to attract drivers when lackluster freight levels don’t require that step, according to an industry official who studies pay levels.

Rip Watson | Special to Transport Topics
September 19, 2016
Business, Logistics

Hanjin’s Stranded Cargo Begins to Flow at US Ports

Cargo stranded by the Hanjin Shipping bankruptcy slowly began to flow through U.S. ports last week, offering the first small signs of relief for truckers and their customers.

Rip Watson | Special to Transport Topics
September 19, 2016
Business

CRST Buys Gardner to Broaden Services

CRST International Inc. last week announced it has acquired Gardner Trucking Inc., the largest trucking acquisition announced so far in 2016, a move that lets CRST broaden its service offerings.

Rip Watson | Special to Transport Topics
September 19, 2016
Business

Teamsters Car Haulers Again Reject Tentative Deal

Teamsters who deliver new cars and trucks have again rejected a tentative contract agreement, prompting union leaders to evaluate the next step in the long-running saga.

Rip Watson | Special to Transport Topics
September 16, 2016
Business

Some Freight Carriers Raising Rates Despite Uncertain Market Conditions

Several freight companies, including UPS Inc., have announced rate increases in the early fall despite the uncertain freight market.

Rip Watson | Special to Transport Topics
September 12, 2016
Business, Logistics

Largest Ever Ship Line Failure Triggers Broad Cargo Turmoil

Truckers and the entire global shipping supply chain faced a broad array of complicated choices last week arising from Hanjin Shipping Co.’s bankruptcy that has left tens of thousands of shipments in limbo — stranded at sea, idle in ports or a burden for truckers.

Rip Watson | Special to Transport Topics
September 12, 2016