The Latest
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Courtesy of Old Dominion Freight Line
Old Dominion grabs clients from other LTLs by focusing on customer service
The LTL carrier reacted to the pandemic with a plan to save money and tighten productivity.
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UPS
Weak LTL, brokerage demand drags on UPS
Freight revenue fell nearly 16% year over year as a result of excess capacity and low industrial demand.
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Schneider bullish on intermodal after segment's revenue falls 16%
The carrier expects tighter capacity and increased volumes from consumer-goods shippers in the remainder of 2020.
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Drivers speak up: Dwell times are costing us
Truckers told WorkHound they are often stuck waiting for freight to be loaded at shipper terminals.
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Courtesy of Ryder
Used truck market won't fully recover until 2022, Ryder says
The company expects to spend less on new tractors, as 2020 yields fewer lease sales.
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Alpha Stock
Prime settles 2 driver misclassification suits for $28M
In the lawsuits, drivers allege the Missouri-based carrier failed to pay for time spent in classroom orientation and driving, and failed to pay B and C seat drivers minimum wage.
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Wikimedia
Residual effects of Hurricane Hanna to slow cross-border freight for days
Any closure of the major roads between Saltillo and Monterrey in Mexico can result in concentrated traffic and delays at the World Trade Bridge in Laredo, Texas.
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Courtesy of American Truck Dealers
House members call for suspension of Federal Excise Tax to stimulate truck buying
An FET suspension could stimulate demand for new trucks as Class 8 sales have tumbled, but it would also shrink the Highway Trust Fund.
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Roadrunner splits from Ascent, shedding logistics services in favor of LTL
The carrier has downsized in pursuit of an asset-light LTL strategy, selling more than $300 million in assets since last year.
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Deposit Photor
Firms should revisit financial controls as pandemic amplifies risk, accounting experts say
With staff remote, executives in survival mode and hundreds of billions in assistance pouring into the economy, the chances of mistakes and abuse are heightened.
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The image by TruckPR is licensed under CC BY-ND 2.0
FBI poses 5 questions to assess ELD security
The agency urged carriers to lower the risk of cyberattacks by asking the ELD manufacturer or supplier about its security systems.
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EVG Photos. (2018). "Person Typing on Laptop." [Photograph]. Retrieved from Pexels.
26% of transformation budgets grew 'dramatically' as pandemic speeds up digital
Pushed forward by disruption, trucking and other business leaders cast aside the traditional hurdles that stifled innovation.
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Permission granted by Home Depot
Home Depot leans on efficiency analysis for sustainable transport plan
The retailer's bulk freight business makes electrifying its fleet more difficult. But one company VP said electrification is looking more likely every year.
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Pixabay
Deloitte: Transport faces $30B profit loss in 2020, but some firms could emerge stronger
Financially weak companies should focus on liquidity management, while stronger firms can use strategic investments and improve margins, Deloitte said.
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TuSimple
AI begins to take the wheel in trucking, from routing to driving
The technology must prove itself in billing and routing before becoming ubiquitous through autonomous trucks.
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Courtesy of Landstar
Landstar earnings get hit by pandemic, insurance costs
The carrier reported its profits were more than cut in half by the COVID-19 pandemic, dropping 58.7% from the same quarter last year.
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getty images
Tesla anticipates more Semi sales as Musk confirms production in Texas
Tesla promised to deliver Semis to customers after the OEM delayed production twice.
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Knight-Swift restores 2020 earnings guidance, assumes 'modest' business in Q4
The carrier expects earnings per share between $2.15 and $2.30 — 15 centers higher than the guidance it issued in January before the pandemic.
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Paccar says worst of COVID-19 economic damage over after 58% revenue drop
Paccar Parts began to show recovery in June, because "as trucks move, parts move," the CEO said.
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The image by Malinda Rathnayake is licensed under CC BY-SA 2.0
US traffic fatality rate increases, even as pandemic shutdowns clear roadways
The Governors Highway Safety Association said speed is one contributing factor to the increased traffic fatality rate.
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Schneider invests in Coyote co-founder's TMS
Schneider CEO Mark Rourke said efficiency is the key benefit of the TMS, cutting down delays and wait times at the loading dock.
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ACT: June orders show start of freight, production revival
June had the best month-over-month gain since the Great Recession started to thaw.
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How to retain customers for the long term
Retention is the single most important factor in product success, according to product and growth specialists.
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Courtesy of Volvo Lights
Preparing the maintenance workforce for electric trucks
The labor pool of experienced technicians has always been small, and now trucking firms must train or hire workers with an understanding of high voltage environments.
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Opinion
The need for speed in CARB's new zero-emissions trucking future
"It's important to consider solutions that can address 'the other half' of the diesel truck market that will not be electric by 2035," the authors write.
