truckload

Total third quarter invoice revenue for all TIA member study participants—at around $2.8 billion—was up 17% percent annually, and total shipments—at 1,439,237—increased 7.8%. The average invoice per shipment of $1,951 rose 8.5%, with profit margin percentage down 100 basis points to 14.6 percent. Key fourth quarter metrics by mode included:Truckload: shipments up 7% annually at 989,255, with invoice amount per load up 9.7% at $1,679, profit margin per load up 14.5% at $248, and profit margin

While these ranges seem typical for a normal year, what may be going down in 2018 can be viewed as anything but typical.

Truckload executives said it was not a profitable environment in the second quarter as shippers are pressing carriers for rate reductions on contract renewals. Fuel surcharge revenue also is declining.

Effective next month, Walmart will officially begin its formal rollout of multiple changes to its on time delivery standards for its suppliers that have the potential to significantly impact how these thousands of suppliers approach its supply chain and logistics processes with the retailer.

Chicago-based project44 has now integrated more than 1,000 transportation APIs into its platformed network. As defined by project44, these Web service API (application programming interfaces) integrations enable 3PLs and shippers to connect with carriers in real time.

Truck tonnage levels showed modest gains in December to finish 2015, according to data issued today by the American Trucking Associations (ATA).

The truck driver shortage is worsening, threatening the trucking industry’s ability to serve the nation’s supply chains. The shortage will almost certainly cause fleets’ costs to increase and shippers’ rate to continue to rise.