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Rough winter weather, labor talks throw YRC units for loss in first quarter
YRC reported consolidated operating revenue for first quarter of $1.182 billion and a consolidated operating loss of $31.7 million, which included a $1.6 million net loss on property disposals. By comparison in the year-ago quarter, YRC posted operating revenue of $1.215 billion and consolidated operating loss of $4.3 million. That loss included a $3.2 million net loss on property disposals.

ATA reports mixed trucking tonnage volumes for March
The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index for March, at 113.2 (2015=100) was down 2.3%, following a 1.5% February decline, to 115.8, which was downwardly revised from an original reading of a 0.2% decline.

Q&A: Victor Garcia, president and CEO of CAI International
Logistics Management Group News Editor Jeff Berman recently caught up with Victor Garcia, president and CEO of San Francisco-based CAI International, a global transportation company offering intermodal container leasing and sales, rail leasing and operations, and global logistics services. Garcia provided insight and analysis over various topics relating to CAI's business and its visibility into different market segments.

Cass Freight Index shows mixed signals and potential signs of economic contraction
February shipments, at 1.173, headed up 4.0% compared to January’s 1.128 and were down 2.1% annually ad up 4% compared to January, and February expenditures, at 2.874, saw a 5.5% annual gain and a 2.9% increase over January.

February Truck tonnage sees slight decline compared to January, reports ATA
The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index for February, at 117.4 (2015=2000) fell 0.2% in February after heading up 2.5% (revised up from an original 2.3% reading) from December to January, which came in at 117.6. Compared to January 2018, SA tonnage rose 5.4%, which trended down from January’s 5.8% annual spread.

Americans for Modern Transportation makes renewed case for increasing twin-trailer size to 33 feet
In advance of today’s House Committee on Transportation and Infrastructure’s (T&I) first full committee hearing of the 116th Congress, which is addressing the current state of United States transportation infrastructure, the Washington, D.C.-based Americans for Modern Transportation (AMT) wrote a letter to the committee’s leadership calling for Congress to increase the national twin-trailer standard as a “common sense” approach to augment the current state of U.S. infrastructure, which remains mired in a long...

UPS Freight, Teamsters labor impasse may be coming to a head
Recent developments regarding a new labor agreement between UPS Freight, the les-than-truckload unit of UPS, and the Teamsters Freight National Bargaining Committee over a new labor contract could have ramifications that potentially lead to a strike, or the semblance of one.

Trucking congestion must also be addressed by ports: Oakland is doing its best
Port of Oakland’s TraPac terminal opens at night for truckers

Convoy’s Flex Loads seeks to better connect shippers and carriers while reducing empty loads
With this new offering, Convoy is focusing on providing a better way for shippers and carriers to connect, which, it explained, is key, given how poor appointment setting is a major contributor to wasted time and empty miles.

ATA’s ‘Freight Forecast’ report looks ahead to increasing freight volumes
The key takeaway of this year’s edition is that the ATA pegs freight volumes to increase 4.2% this year and by another 35.6% by 2029, which, if you think about it, is not as far away as it seems.

FMCSA to hold public listening session on potential HOS changes
The Federal Motor Carrier Safety Administration (FMCSA) announced this week that a public listening session on potential changes to truck driver hours-of-service (HOS) rules on September 14. This announcement follows an Advanced Notice of Proposed Rulemaking (ANPRM) issued by the FMCSA on August 23.

Daseke Inc. announces acquisition of Builders Transportation Co.
Late last week, Addison, Texas-based Daseke Inc., a provider of flatbed, specialized transportation and logistics services said it acquired Memphis-based Builders Transportation Co., a steel, aluminum, and metal products carrier.

Despite mild declines, DAT’s numbers point to a very healthy trucking spot market
Even with some sequential spot market rate declines in July, recent data issued Portland, Oregon-based DAT, a subsidiary of Roper Technologies, showed that they remain in line with the strong rate momentum that has been evident in 2018. The healthy market is reflective of various ongoing factors, including tight capacity, solid economic demand, and a lack of drivers, among others.

Taking a look at the (mid) year in review
Most every December, in this space, we take a look at the logistics year in review. It is always fun to look back to see what some of the key themes were over the course of the year. But this year Newsroom Notes is taking a look at the “year to date,” rather than the year in review

Truck tonnage is up in May, reports ATA
The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index rose 0.7%, to 113.8 (2015=100), from April to May, following a 2.7% (upwardly revised from an original reading of 2.2%) March to April increase.


 


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