Transportation News

Landstar, YRC Worldwide, C.H. Robinson, Rise on Expected Demand for Harvey Cleanup

Expectations that trucking demand will increase for cleanup from Hurricane Harvey helped boost shares of Landstar System Inc., YRC Worldwide Inc., and C.H. Robinson Worldwide Inc.

As reported by Bloomberg, the cost to hire a flatbed truck, which can carry in equipment and haul out debris, could climb as much as 15 percent, said Josh Brogan, who specializes in logistics for consulting firm A.T. Kearney.

That expected jump and increases of perhaps 10 percent for other types of trucking services will ripple through the industry nationwide, he said

“There’s going to be a shortage of trucking equipment for a while and that’s going to drive up prices across the country and also drive up prices locally to a greater extent,” Brogan said.

Trucking will be among the first industries to experience higher demand in the storm’s aftermath.

As soon as flood waters recede and roads are reopened, trucks will begin moving supplies and equipment into the area.

Joshua Brogan, Vice President A.T. Kearney

“There’s going to be a shortage of trucking equipment for a while​”Joshua Brogan, Vice President at A.T. Kearney

Shares of Landstar, which has a flatbed unit, advanced an average of 15 percent in the two months following 13 of 14 major storms, said Jack Atkins, an analyst with Stephens Inc. 

“We expect the impact of the hurricane to further constrain capacity in a market that was already tight, which could drive an increase in spot-market demand and rates,” he said.

Jacksonville, Florida-based Landstar rose 4.4 percent to $91.90 at 1:25 p.m. in New York, adding to a 7.6 percent gain in the previous three trading days.

Since Friday, when the storm began approaching the Texas coast, the stock has recorded its biggest intraday advance since July 2014.

YRC Worldwide shares, which is based in Overland Park, Kansas, have jumped sharply, while C.H. Robinson shares increased yesterday have dropped slightly today.

Federal regulations that take effect in December also are expected to crimp capacity.

Because truckers’ hours automatically will be recorded electronically, and not be subject to fudging by hand on paper, drivers will have to park vehicles when they reach time limits.

Source: Bloomberg

Related Article: Commercial Vehicle Safety Alliance Announces Out-of-Service Criteria Date for Pending ELD Implementation
While the Federal Motor Carrier Safety Administration’s (FMCSA) electronic logging device mandate deadline remains intact for December 18, it comes with a caveat based on an announcement issued by the Commercial Vehicle Safety Alliance earlier this week.

Armstrong & Associates 2017 Top 50 U.S. & Global Third-Party Logistics Providers

Related 3PL White Papers

Download the Paper

21st Annual, 2017 Third-Party Logistics Study
The results and findings of the 2017 21st Annual Third-Party Logistics Study provide current perspectives on the nature of shipper and 3PL relationships, why they are generally successful and some of the ways in which they could be improved. Download Now!


Download the Paper

Selecting and Managing a Third Party Logistics Provider
If done correctly, the partnership with your Third Party Logistics, 3PL provider can truly be a source of competitive advantage for your company, in this white paper, we set out to provide a summary of the best practices for selecting and managing a 3PL. Download Now!


Download the Paper

How Non-Traditional Services are Revolutionizing the Supply Chain
This white paper will look at the impetus behind this change, as well as examples of non-traditional supply chain services, from there, the paper discusses how these value-added services impact the partnership between 3PLs and their customers. Download Now!


Download the Paper

Five “New Rules” of 3PL e-Commerce Fulfillment
The purpose of this white paper is to spell out “The Five New Rules of 3PL e-Commerce Fulfillment.” rules and explain how they will benefit your 3PL warehouse, it also provides the guidance you need to help your 3PL e-Commerce fulfillment business prepare for future growth. Download Now!


More SC24/7: Third-Party Logistics White Papers


Article Topics
News   Transportation   Transportation Management   A.T.Kearney   Electronic Logging Device   Third Party Logistics   Trucking   All topics


Comments
Be the first to post a comment.
You must be logged in to post a comment. Login.

 
Latest Transportation News
Transportation Predictions That Will Shake-Up the Supply Chain Industry In 2018
Dan Clark, Founder and President of Kuebix, gives his annual vision of what he sees happening in the transportation and supply chain industry including; tax reforms, decreased capacity, higher rates, and…

Home Depot Considers Buying $9 Billion XPO Logistics So Amazon Doesn’t
If Home Depot were to make an offer, one main impetus would be to keep XPO out of the hands of Amazon, which the home improvement retailer believes has also considered buying the logistics company, according…

CSX Provides Surface Transportation Board with Update on Precision Scheduled Railroading Progress
In a letter to leadership at the United States Surface Transportation Board, CSX CEO James Foote outlined the progress the Jacksonville, Fla.-based Class I freight railroad carrier has made in its ongoing…

The Five Ways 3PLs Can Retain Their Employees
Creating a positive work environment can help your 3PL improve its operational performance.


 

24|7 Pro Team

The 24|7 Team is your direct pipeline to solutions for your business challenges. It's your opportunity to have supply chain and logistics experts look at your specific challenges and needs, and give you free, no-obligation advice, solutions, and information.

The 24|7 Team will simplify the task of creating a database of likely partners, building your knowledge base, and preparing your Request for Proposal list.

1
  Choose a topic for your RFP

Transportation RFP/RFI

The Transportation RFP is your direct pipeline to solutions for your transportation challenges. It's your opportunity to have logistics experts look at your specific transportation challenges and needs, and give you free, no-obligation advice, solutions, and information specific to your request.

Choosing the perfect software or system can be an indomitable challenge. Using this transportation/TMS RFP will simplify the task of creating a database of likely partners, building your knowledge base, and preparing your Request for Proposal list.

Warehouse/DC Management RFP/RFI

The Warehouse Management Systems (WMS) RFP is your direct pipeline to solutions for your WMS challenges. It's your opportunity to have logistics experts look at your specific WMS challenges and needs, and give you free, no-obligation advice, solutions, and information specific to your request.

Choosing the perfect WMS solution can be an indomitable challenge. Using this WMS RFP will simplify the task of creating a database of likely partners, building your knowledge base, and preparing your WMS Request for Proposal list.

Supply Chain RFP/RFI

The Supply Chain RFP is your opportunity to have logistics experts look at your specific challenges and needs, and receive free, no-obligation advice, solutions, and information. It simplifies finding a pool of likely partners, building your knowledge base, and preparing your Request for Proposal list. The companies in the Logistics Planner have agreed to respond to your request for in-depth information and follow-up, and your request is totally confidential.

Software/Technology RFP/RFI

The Software/Technology is your direct pipeline to solutions for your logistics information technology challenges. It's your opportunity to have logistics experts look at your specific technology challenges and needs, and give you free, no-obligation advice, solutions, and information specific to your request. Whether it's WMS, TMS, Mobile or Cloud, our pros can help.

The companies listed below have agreed to respond to your request for in-depth information and follow-up. Your request is totally confidential.

Executive Education RFI

The Logistics and Supply Chain Education RFI can help you identify the schools, coursework, continuing education, distance learning and certification opportunities available from leading logistics educational institutions.

Upgrade and improve your logistics and supply chain skillsets. Whatever route you choose—advanced degree, executive education, certification or distance learning—the time and money you invest in your education today can pay off in continued career success tomorrow. Contact leading universities and professional institutions for the information you need to prepare for the future.

Third Party Logistics RFP/RFI

This 3PL Request for Proposal (RFP)/Request for Information (RFI) can help you find the 3PL and 4PL providers that can meet your specific 3PL service challenges and needs. The 3PL companies below will provide free, no-obligation third-party logistics advice, solutions, and information.

Ask your 3PL questions, you'll get answers. Simply complete the information, and detail your 3PL challenges. Then, check off the third-party logistics companies that you want to review your request.

1. Choose an RFI topic.
2. Enter your contact information and challenge.
3. Select companies and optional categories.
4. Submit.


2

Your Information



Your Challenge, Problem or Request *

3

Select Transportation Companies

  • Select All

  • 3Gtms
  • BluJay Solutions
  • CSX Trans. Intermodal
  • Kuebix
  • Landstar
  • Legacy Supply Chain Svs.
  • One Network
  • Pitt Ohio
  • Purolator
  • Quintiq
  • SEKO Logistics
  • SMC3


Select Relevent Categories

  • Air Freight
  • Intermodal
  • Motor Freight
  • Ocean Freight
  • Rail Freight
  • TMS

Select Warehouse/DC Management Companies

  • Select All

  • 3PL Central
  • Apex Supply Chain Tech.
  • Honeywell Intelligrated
  • Kuebix
  • Legacy Supply Chain Svs.
  • Swisslog
  • Westfalia Technologies
  • Zebra Technologies


Select Relevent Categories

  • Auto ID & Data Capture
  • Automation
  • Conveyors & Sortation
  • Lift Trucks
  • Packaging & Labeling
  • Pallets & Containers
  • Shelving & Racking
  • WMS

Select Supply Chain Companies

  • Select All

  • 3Gtms
  • 3PL Central
  • Amber Road
  • Apex Supply Chain Tech.
  • APICS
  • BluJay Solutions
  • CSX Trans. Intermodal
  • Frontier Business
  • Kuebix
  • Legacy Supply Chain Svs.
  • Logility
  • One Network
  • Purolator
  • Quintiq
  • SMC3
  • Synchrono
  • TAKE Supply Chain
  • Westfalia Technologies
  • Zebra Technologies


Select Relevent Categories

  • Global Trade
  • Inventory Management
  • Risk Management
  • Sustainability

Select Software/Technology Companies

  • Select All

  • 3GTMS
  • 3PL Central
  • Apex Supply Chain Tech.
  • BluJay Solutions
  • Honeywell Intelligrated
  • Frontier Business
  • Kuebix
  • Logility
  • One Network
  • Quintiq
  • SMC3
  • Swisslog Logistics
  • Synchrono
  • TAKE Supply Chain
  • Zebra Technologies


Select Relevent Categories

  • ERP
  • Sales & Operations
  • Sourcing/Procurement
  • Optimization
  • Transportation Mgmt
  • Warehouse Mgmt

Select Executive Education Choices

  • Select All

  • Graduate Courses
  • Online/Distance
  • Executive Education
  • Certifications
  • Undergraduate
  • Seminars
  • Associations
  • Conferences
  • Tradeshows


Select Third Party Logistics Companies

  • Select All

  • 3PL Central
  • Landstar
  • Legacy Supply Chain Svs.
  • Purolator
  • SEKO Logistics
  • Westfalia Technologies


4
 

24|7 Company Profiles