Weaker 1Q Results Expected From Truckload Carriers
Transportation and logistics companies begin announcing first- quarter results this week, as analysts predict truckload profits will be lower than 2016 and less-than-truckload and third-party logistics companies will have mixed results.
3PL Execs Pleased With Market Conditions, But Economist Warns of Possible Recession
LAS VEGAS — Third-party logistics companies generally were positive about business conditions despite tighter margins. However, FTR economist Noël Perry warned executives here at the Transportation Intermediaries Association Capital Ideas Conference & Exhibition that this year won’t be as fruitful as earlier in the decade and that a recession could be looming behind it.
3PLs Tout Technology as Tool to Build Relationships in Supply Chain
LAS VEGAS — As technology makes communication easier and provides real-time data quickly, third-party logistics providers are emphasizing the need to use the information to build stronger relationships with shippers and motor carriers, according to panelists at the 2017 Transportation Intermediaries Association Capital Ideas Conference.
England Logistics President Beardall Begins Tenure as TIA Chairman
LAS VEGAS — England Logistics President Jason Beardall has officially begun his tenure as chairman of the Transportation Intermediaries Association, following the 2017 TIA Capital Ideas Conference.
Trucking Forecast Good in Short Term, but Recession Could Hit Before 2020
LAS VEGAS — Truckload carriers and freight brokers should see improved profits in late 2017 and early 2018, but FTR economist Noël Perry warned executives at the Transportation Intermediaries Association that they won’t be as robust as earlier this decade and a recession could be looming.
TIA Honors Five for Industry Contribution
LAS VEGAS — The Transportation Intermediaries Association honored five people for their contributions to transportation and logistics and the larger community at its conference on April 7.
US Ocean Imports Set to Grow Amid Glut in Container Capacity
While Asian-U.S. imports and exports are due to rise in 2017, an overcapacity of containerships will continue to create problems for the ocean freight industry this year.
Shippers, 3PLs Tout Technology as Key to Better Performance
LAS VEGAS — Technology can save shippers, carriers and third-party logistics companies money and time and improve the relationship between the three critical cogs in the supply chain, according to a panel at the 2017 Transportation Intermediaries Association conference.
Roadrunner Fires Chief Financial Officer Peter Armbruster
Roadrunner Transportation Systems Inc. terminated chief financial officer Peter Armbruster on March 29, two months after the company admitted it would have to refile quarterly and annual earnings reports from 2014 forward due to accounting errors and record a goodwill impairment charge up to $200 million on two previous acquisitions.
TL Turnover Sinks to 71%
Driver turnover for large truckload carriers dropped 31 percentage points to 71% in the fourth quarter of 2016 versus the same period in 2015, the lowest level in six years according to American Trucking Associations.