3Q Intermodal Freight Growth Slows to 3.4%; Fuel Prices, Capacity Stunt Domestic Business
Growth in truck-rail freight slowed to 3.4% in the third quarter, the Intermodal Association of North America reported, as domestic growth was stunted by truckers taking advantage of favorable fuel prices and capacity.
November 9, 2015XPO Completes Con-way Purchase; Picks LTL Chief, Begins Cost Cuts
XPO Logistics Inc. last week began consolidating its latest acquisition, Con-way Inc., and also announced higher profit targets as well as revenue that tripled in the third quarter.
November 9, 2015XPO Raises Profit Targets, Reports Loss, Revenue Growth
XPO Logistics Inc. set new, higher profit targets and reported a wider net loss in the third quarter as the buyer of Con-way Inc. continued to show revenue growth from multiple acquisitions.
November 5, 2015Firms Try to Mimic Uber for Freight Shipments; Analysts See Both Opportunities and Pitfalls
Fledgling companies are advancing the adaptation of Uber’s transportation model to arrange freight shipments, a step that experts believe offers a combination of opportunities in several trucking sectors as well as pitfalls.
November 1, 2015Truckload Rate Growth Eases as Freight Demand Sputters
The recent strong growth in rates is slowing as freight demand wanes and capacity loosens, industry statistics show.
November 1, 2015Truckload Carriers Report Higher 3Q Profits; Cautious About Future Industry Conditions
Third-quarter earnings rose at several truckload carriers amid growing caution about future industry conditions.
November 1, 2015Roadrunner Earnings to Fall Short of Expectations
Roadrunner Transportation Systems said third-quarter earnings would be 14 cents to 17 cents per share, far below the 44 cents per share average estimate, citing a combination of one-time costs and a weaker-than-expected freight market.
October 27, 2015Truck Tonnage Gains 3.1% in September; Overall Growth Remains Uneven, ATA Says
Truck tonnage rose 3.1% in September from a year earlier, American Trucking Associations reported, signaling further expansion in a freight market where growth patterns have been uneven this year.
October 26, 2015Driver Turnover Rates Dip
Two closely watched reports on trucking jobs last week delivered a mixed picture of fleet staffing trends, with progress on turnover rates but a worsening driver shortage.
October 12, 2015Railroads Seek Reprieve to Install PTC Systems
Efforts are being made in Washington to address the Dec. 31 deadline for U.S. freight railroads to comply with a federal mandate to finish installing the crash-avoidance technology known as positive train control.
October 12, 2015