Trucking Stocks Roll Steady as Investors Downshift on Market
Publicly traded trucking firms have seen record-setting freight in the first half of this year but their stock prices have lagged as cautious investors pulled back from a long-running bull market and an industry that can’t find enough drivers to haul its loads.
Cargo Theft Rising in Canada
A voluntary reporting system for tracking cargo theft in Canada has led to a database showing a steady rise in thefts, though the true extent of the problem isn’t clear.
Atlanta Scorches Van Loads, Reefer Spot Markets
Atlanta is burning. The Big A is the No. 1 city for spot market posts for van loads and refrigerated loads through the first half of 2018, according to DAT Solutions, the operator of a major freight load board marketplace for North America.
Roadrunner Revenues, Losses Rise in 1Q as Turnaround Continues
Roadrunner Transport Systems reported an improvement in operating results for the first quarter, ended March 31, but net losses grew.
Volvo, FedEx Team on Live Platooning in North Carolina
Volvo Trucks North America and FedEx Corp. demonstrated on June 27 a platooning system with three twin trucks on a stretch of Route 540 in North Carolina, one of 10 official test sites for driverless cars designated in 2017 by the U.S. Department of Transportation.
Diesel Slides 2.8¢ to $3.216 a Gallon
The U.S. average retail price of diesel fuel fell 2.8 cents to $3.216 a gallon, the fourth week in a row of declines, according to the weekly report from the U.S. Department of Energy’s Energy Information Administration.
TravelCenters Plans TA Express Franchises
TravelCenters of America plans to launch this summer TA Express, with smaller outlets offering quicker in-and-out service from its TA and Petro Stopping Centers.
Roadrunner Pares Losses for Full-Year 2017
Roadrunner Transportation Systems reported a net loss of $91.2 million for full-year 2017 compared with a loss of $360.3 million in 2016. The diluted loss per share was $2.37 for 2017 compared with a diluted loss per share of $9.40 for 2016.
Central Oregon Truck Increases Driver Pay
Central Oregon Truck Co. implemented a pay structure that gives new drivers $65,000 a year in base pay and experienced drivers more than $90,000 a year in pay.
Carriers Led Logistics Industry Higher in 2017, Report Says
The logistics supply chain had a strong 2017 with a healthy economy revving up demand that led to tight capacity that gave carriers the authority to raise prices with shippers, according to the 29th Annual Council of Supply Chain Management Professionals State of Logistics Report.