Truckload

During this podcast, Nightingale provided a detailed overview of the new Cowen/AFS Freight Index report and variuous market issues.

XPO opened up three of the 28 service center locations it acquired through an early December court-supervised auction, in which a dozen trucking companies bought properties that resold about three-fourths of Yellow’s properties for a total of just under $1.9 billion.

The new edition of the TD Cowen/AFS Freight Index, which was recently released by New York-based investment firm TD Cowen Inc. and Shreveport, La.-based 3PL and freight audit and payment company AFS Logistics LLC, was somewhat mixed, with less-than-truckload (LTL) and truckload rates steady, and parcel rates being impacted by fuel surcharge increases and various accessorial charges amid lower demand.

The best fleets, buffeted by higher costs and now increasing environmental mandates, manage to stay ahead of competition through vision, strategy, and execution. But in the end, executives say it’s their people who make the biggest difference.

The company announced today that Shelley Simpson, JBH president, has been appointed as chief executive officer, in addition to her duties as president, coupled with her nomination for election to the company’s Board of Directors.

Roughly three months after it acquired the technology and intellectual property of Seattle-based digital freight network Convoy, following the closing of Convoy’s business, due to the effects of the freight recession and a slowdown in capital market activity, San Francisco-based freight forwarding and customs brokerage services provider Flexport said earlier this month that it has formally introduced the rollout of the Convoy platform to its service portfolio.

The state of the freight economy was a key theme at the SMC3 JumpStart 2024 conference held in Atlanta late last month. Avery Vise, vice president of trucking, for freight transportation consultancy FTR, offered up his views on the freight economy, at the moment, and where things could be headed.

The new edition of the TD Cowen/AFS Freight Index, which was recently released by New York-based investment firm TD Cowen Inc. and Shreveport, La.-based 3PL and freight audit and payment company AFS Logistics LLC, highlighted the impact of muted demand for truckload, less-than-truckload (LTL), and parcel activity, from the third quarter to the fourth quarter.

Minneapolis, Minn.-based global logistics services provider and freight forwarder C.H. Robinson is keeping a close eye on the current inventory situation, for the 2023 holiday season, in terms of how it has changed the flow of retail freight and subsequently led to retailers relying more on predictive ETAs (estimated time of arrival). C.H. Robinson Head of Retail Logistics Noah Hoffman provided LM with an overview of how predictive ETAs are helping retail shippers during the busiest time of...

Given where spot market prices are at and demand for services holding steady, slow attrition of capacity should help stave off further downward pressure on rates, says Michigan State’s Jason Miller.

The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index, for October, at 115.2 (2015=100), was 1.1%, from September to October, reversing the 1.1% decrease, from August to September, which came in at 113.9.

DAT reported that the van TVI was up 3.5% compared to September, at 263, and up 9.5% annually, with the reefer TVI up 4.3% compared to September, at 196 and up 9.0% annually, and the flatbed TVI was down 3.2% compared to September, at 245, and up 0.5% annually.

Rapidly diversifying truckload carriers are riding out a slump in long-haul ground freight. These “durable, diversified, and resilient” plans are paying off for those TL carriers willing to change with the economic headwinds facing the sector.

The new edition of the TD Cowen/AFS Freight Index, which was recently released by New York-based investment firm Cowen Inc. and Shreveport, La.-based 3PL and freight audit and payment company AFS Logistics LLC, highlighted mixed readings, as well as expectations, for truckload, less-than-truckload (LTL), and parcel activity, from the third quarter to the fourth quarter.

Logistics Management Group News Editor Jeff Berman recently caught up with Erin Van Zeeland, Chief Commercial Officer (CCO) and Senior Vice President and General Manager of Logistics, for Green Bay, Wisc.-based truckload, intermodal and logistics services provider Schneider National. Van Zeeland addressed various topics, including: Peak Season, intermodal, logistics technology, and near shoring among others.