Trucking

Total estimated 2023 global 3PL market revenue was off 18.5% annually, coming in at $1.2 trillion. But even with that decline, the firm observed that this tally still represented a 25.3% increase, when compared to pre-pandemic 2019.

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.

J.B. Hunt Transport signed a multiyear deal with global retail giant Walmart, with a key component of the deal being its acquisition of Walmart’s intermodal assets, including its operational intermodal container and chassis fleets.  

The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index fell 3.5% in January, to 111.0 (2015=100), following a 1.2% December gain.

The new edition of the DAT Truckload Volume Index (TVI), which was recently issued by DAT Freight & Analytics, noted that spot freight volumes rose to all-time highs, for the month of January, driven by what it described as a weather-related bump in demand for truckload capacity.

There’s safety in numbers and in cooperation. That’s what three major worldwide heavy truck manufacturers seem to be saying in getting ready for vehicle electrification. Original equipment manufacturers (OEMs) Volvo Trucks North America, Navistar and Daimler Truck North America are trying to reduce transportation's carbon footprint by taking a collective approach.

Quarterly revenue, at $1.94 billion, was up 6% annually, and adjusted earnings per share fell 21.4% annually, to $0.77.

Minneapolis, Minn.-based global third-party logistics (3PL) services provider and freight forwarder C.H. Robinson said today it has rolled out a new technology offering focused on touchless appointments, which it said “creates a major efficiency in freight shipping.”

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.

Chicago-based Uber Freight is rolling out a pilot program based on a new scheduled application programing interface (API), which it said will represent the “first activation” of the Scheduling Standards Consortium (SSC) Technical Standard.

FTR reported that preliminary January net orders, at 26,400 units, snapped a three-month stretch of sequential declines, with a 2% gain over December, while posting a 35% annual increase. ACT reported that January preliminary North American Class 8 orders, at 27,000 units, rose by 600 units compared to December and climbed up 45% annually.

The company’s expansion in Nashville is part of an ongoing effort to invest in its facility infrastructure and demonstrate its commitment to its customers, its associates and its future, adding that Averitt wants to be on the leading edge when it comes to technology, equipment and facilities.

Ryder officials said that bringing Cardinal into the fold will help to enable the company’s growth and also further strengthen its position as a leading customized North American-based dedicated contract carrie

While this week’s fourth quarter earnings call, for Atlanta-based global freight transportation and logistics services provider UPS, was replete with interesting information and data, including nearly 8% revenue decline and 12,000 layoffs, another interesting takeaway was related to its truckload brokerage business, Coyote, which it acquired in 2015.