flatbed News Updates

Diesel prices are climbing, ocean vessels are rerouting and U.S. trucking rates are responding as war in Iran ripples through energy and freight markets.

Alabama-based Second Mile Transport will begin with 145 power units. The company has ordered 195 aluminum 53-foot trailers and already has 70 drivers signed up.

The Birmingham, Ala.-based firm ceased operations after a deal to sell the company to an affiliate of fellow Birmingham-based carrier PS Logistics collapsed.

High unemployment and interest rates have historically contributed to more people defaulting on their mortgages, particularly in the Greater Toronto Area.

The drop in builder sentiment was concentrated in the Northeast, where the gauge slid to its lowest level in years. Confidence was unchanged in the South and Midwest but edged up in the West.

The purchase of Milton Transportation and BTR will add 40 trucks, 300 trailers, two maintenance facilities and a body and alignment shop to the Watsontown Trucking portfolio.

Trimac Transportation acquired flatbed and specialized haulage carrier Watt & Stewart for an undisclosed sum.

Minnesota carrier aims to meet the growing needs of existing shippers, particularly in industries requiring transportation of construction materials, machinery and equipment.

Housing starts decreased 1.8% to an annualized rate of 1.29 million, the slowest since July, according to government data released Dec. 18. The metric can help project the flatbed sector.

Since 2016, Birmingham, Ala.-based PS Logistics has acquired 27 trucking operations and five non-asset-based logistics operations in the U.S.