July Trailer Orders Increase 36.7%, Fueled by Surge for Reefer Units
An 80% jump in orders for refrigerated trailer units helped fuel a 36.7% gain in industrywide orders in July from the same month a year earlier, ACT Research reported.
September 1, 2014Brokers’ Truckload Profit Margins Reach Three-Year High
Brokers’ profit margins for truckload freight hit a three- year high during the second quarter as capacity continued to tighten, a new report said.
September 1, 2014Video: Google Takes Amazon Rivalry to the Skies with Drone Tests
Google's laboratory division is developing drones that can handle deliveries, a move that would be in direct competition with Amazon.com.
August 29, 2014Boyd Bros. Raises Driver Pay
Boyd Bros. Transportation is increasing average driver pay to 54 cents per mile and increasing seasonal bonus by 2 cents per mile for company drivers, the company said.
August 29, 2014US Tightens Rules Amid Worst Barge Spills Since 2008
Tighter regulation of U.S. ships carrying record exports of diesel and gasoline is coming amid the worst year for oil spills from barges since 2008.
August 29, 2014Consumer Sentiment in US Increases in August
Consumer confidence unexpectedly rose in August, showing a brightening in Americans’ moods as the labor market gains traction.
August 29, 2014Intermodal Traffic Rises for Week Ended Aug. 23
U.S. rail intermodal traffic increased 3.4% in the week ended Aug. 23 compared with the same week last year, the Association of American Railroads reported.
August 29, 2014Consumer Spending Falls for First Time in Six Months
Consumer spending in the U.S. dropped in July for the first time in six months, a sign households are lagging behind as wages fail to accelerate.
August 29, 2014Chicago Manufacturing Index Climbs to 64.3 in August
Business activity in the Chicago area climbed in August as orders accelerated, a sign that manufacturing will continue to add momentum to the economy.
August 29, 2014Roadrunner Completes Acquisition of Active Aero
Roadrunner Transportation Systems Inc. has completed the acquisition of logistics company Active Aero Group from Aero’s parent company, Platinum Equity, for about $115 million.
August 28, 2014