Trucking Share Prices Remain Volatile After Lengthy Downturn, Analysts Say
Trucking stocks continue to ride the roller coaster — mostly down — that they have been on for the past year with little sign of positive momentum to push prices back up, according to five trucking and freight analysts.
June 27, 2016Federal Officials, Union Seek Fix For Central States Pension Fund
Legislative and regulatory efforts to address financial troubles with union pension funds are continuing in the aftermath of the Central States Pension Fund’s unsuccessful effort to rescue its plan by slashing most retirees’ benefits by 50% or more.
June 20, 2016Seasonal Jump in Produce Shipments Boosts Sluggish Truck Freight Market
A seasonal jump in June produce shipments has perked up a U.S. trucking market that has been dragged down by the country’s overall economic stagnation, industry officials believe.
June 20, 2016ATA's Bob Costello: Economy to Stay Weak
Trucking should expect a generally weak economy in 2016, though the long-standing inventory glut should ease in a few months to make the freight market feel better than today’s uninspiring conditions, American Trucking Associations Chief Economist Bob Costello said.
June 13, 2016Brokers Split Over How to Ensure Carrier Compliance With ELD Mandate
Freight brokers are sharply divided about how to bring their carriers into line with the upcoming federal electronic logging device mandate.
June 6, 2016Schneider Acquires Watkins & Shepard
Truckload carrier Schneider last week announced the acquisition of less-than-truckload specialist Watkins & Shepard Trucking and final-mile delivery carrier Lodeso Inc. to capitalize on trucking opportunities related to fast-growing e-commerce.
June 6, 2016Democrats Press McConnell to Fix Pensions
Senate Democrats are pressuring Majority Leader Sen. Mitch McConnell (R-Ky.) to take up pension legislation for truckers and miners before the summer recess that begins in six weeks.
June 6, 2016Increases in Driver Pay Grind to Halt on Lower Freight Rates, Demand
Downward pressure on truckload rates and a weak freight market this year have almost eliminated driver pay increases that were widespread as recently as early 2015, according to an industry official who tracks compensation trends.
June 6, 2016Trucking Executive Steve Gordon Retires
Trucking executive Steve Gordon, who was chief operating officer at Gordon Trucking, announced his retirement from the industry as of May 27.
May 31, 2016April Tonnage Gains 2%
Truck tonnage rose 2% year-over-year in April, continuing an upward plod that has been suppressed by scant economic growth and the continued inventory bloat, American Trucking Associations reported last week.
May 30, 2016