National freight volumes now positive for nine straight weeks
Story by: Seth Holm @ FreightWaves. Outbound tender volumes (OTVI.USA) continued on their upward trajectory and extended their multi-week winning streak dating back to late July. OTVI first crossed over to positive on July 24. It has been positive on a year-over-year basis since. One key question is how much of the sustained volume improvement […]
Learn MoreMajor winter storm is underway across the Northern Rockies, dangerous driving conditions expected
4:30 am Saturday, September 28th, 2019 Update by weather.gov: A major winter storm is underway across the Northern Rockies. Snow has been falling along and west of Interstate 15 across North Central Montana for most of the night. Rain will continue to transition to snow from northwest to southeast across the remainder of the region […]
Learn MoreNew truck orders running below replacement demand should boost carrier profits in 2020
Story by: Seth Holm @ FreightWaves The Seasonally Adjusted Annual Rate (SAAR) for new Class 8 truck orders in 2019 is trending at approximately 150,000. Note that this number includes orders for interstate, intrastate and private fleets. We estimate total replacement demand in the neighborhood of 250,000 to 300,000 trucks annually based on there being […]
Learn MoreFreight brokers see more hot loads as carriers manage yield
Story by: John Paul Hampstead, Associate Editor @ FreightWaves Freight brokers said in interviews this week that sustained higher volumes are now making an impact on their businesses as revenue per load and margin per load increase. Brokers reported that more ‘hot loads,’ or shipments tendered with little lead time because they have been rejected […]
Learn MoreMajor winter storm to impact the Northern Rockies and surrounding areas this Weekend
An anomalous upper-level low-pressure system dropping into the Northwest this afternoon will be responsible for the development of an early-season and major to potentially historic winter storm across portions of the Northern Rockies this weekend. According to wpc.ncep.noaa.gov This storm will bring very heavy snowfall, high winds, blizzard conditions, and extreme impacts to travel. Western […]
Learn MoreFMCSA may face trouble in assessing carrier safety scores
Story by: John Gallagher A federal watchdog has warned the trucking industry’s top regulator that more changes are needed to improve how it evaluates carrier safety compliance. In a 27-page report made available on September 27, the U.S. Department of Transportation’s Office of Inspector General (OIG) asserted that while a safety action plan by the Federal Motor […]
Learn MoreUsed truck prices drop for first time since January 2018
Story by: Alan Adler The final average price of total used Class 8 trucks in August fell 1 percent year over year, the first price decline since January 2018, according to ACT Research. For the year to date, prices are up 7 percent. Overall, used truck sales were down 19 percent through August this year compared […]
Learn MoreFBI offering reward for information on fugitive believed to be trucker
The FBI is offering a reward of up to $5,000 for information leading directly to the arrest of an Ohio man believed to be working as a truck driver or dispatcher. According to the article from overdriveonline.com Izmir Ali Koch was indicted for failure to self-surrender at a West Virginia prison to carry out his […]
Learn MoreCovenant Transport to close its truck service in Mexico
Story by: Noi Mahoney at FreightWaves. Covenant Transport has decided to end all service to the interior of Mexico, citing dropping spot market pricing, increasing detention times and an inability to gain the freight density needed to balance costs. “After five years servicing the interior of Mexico, Covenant Transport Services will, in coming months, end […]
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