Thefts Down but Crooks Turning to LTLs
Cargo thefts in the United States dropped 15% last year to 649 incidents while the average value per theft stayed virtually unchanged at about $146,000, according to the SensiGuard Supply Chain Intelligence Center’s Cargo Theft Annual Report.
Tonnage Rise Pushes Spot Rates Higher
Truck tonnage rose 8.8% in January on a year-over-year basis, according to American Trucking Associations’ monthly for-hire truck tonnage index.
Study Identifies Benefits for Driving Simulators as Companion to In-Cab Trainers
A recent study found that driving simulators can be as effective in training truck drivers as a live teacher for tasks such as braking and shifting gears.
Carriers Try Creative Compensation Programs to Bring in New Drivers
The driver shortage appears to be getting worse, with fleets launching new and enhanced compensation programs. These include Boyd Bros. Transportation trying a weekly salary, a sizzling $50,000 team bonus program from U.S. Xpress Enterprises, and a host of other deals to recruit and retain qualified drivers.
Dana Sales Up, but Tax Charge Hurts Profits
Industrial parts supplier Dana Inc. reported Feb. 13 its fourth-quarter and full-year 2017 results, stating a net loss of $104 million in the fourth quarter compared with income of $485 million in the same period in 2016.
Fulfillment Centers Moving Closer to Consumers
The growth in e-commerce is driving up demand for smaller industrial spaces nearer to cities so fulfillment firms can quickly get their products to customers, but it remains to be seen if fulfillment centers will start operating in suburban neighborhoods.
Forward Air Reports Mixed Results in 4Q
Greeneville, Tenn.-based Forward Air Corp. reported Feb. 7 fourth-quarter net income of $35.4 million, or $1.18 earnings per share, compared with $12.7 million, or 42 cents, in the fourth quarter a year ago.
YRC Worldwide Loses $7.5 Million in 4Q 2017
Less-than-truckload carrier YRC Worldwide reported Feb. 1 a fourth-quarter net loss of $7.5 million, the same loss amount reported in the fourth quarter a year ago.
Cargo Thefts Drop as Police, Fleets Fight Back
Cargo thefts fell 36% in the fourth quarter of 2017, a continuation of a steady drop as fleets addressed the issue and states with large cargo hubs devoted more law enforcement manpower to the problem, according to CargoNet.
UPS Seeks Driver ‘Flexibility’ in Contract Talks With Teamsters
Contract negotiations between UPS Inc. and the Teamsters Union began in January with the union and the package delivery firm taking a measured approach to reaching a deal before the July 31 deadline.