The outlook for truckload freight markets and rates is less cloudy after a dismal first quarter, according to carriers and analysts.
May 15, 2024Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Executives, Analysts See Less Cloudy Truckload Market Outlook
Uber to Launch Shuttle Buses at Airports, Concert Venues
Uber Technologies is launching shuttle bus services to and from airports, concert venues and sports stadiums, bringing a lower-cost service already available overseas to the U.S.
Amazon Chooses Volvo VNR Electric as First Class 8 BET in US
E-commerce giant Amazon.com Inc. plans to deploy 47 Volvo VNR Electric tractors across its Southern California operations, its first Class 8 battery-electric trucks.
XPO Opens Three New Facilities Acquired From Yellow Closure
XPO recently opened three new facilities that were acquired by the less-than-truckload carrier as part of the Yellow Corp. bankruptcy.
May 14, 2024Ryder: Switching to a Class 8 EV May Double Vehicle Costs
A new analysis by leasing and logistics specialist Ryder System indicates the business case for swapping a diesel or gasoline van or truck for an EV is shaky for much of the trucking industry.
GXO Opens Warehouse in Maryland for Conair
GXO Logistics has opened an approximately 2.1 million-square-foot distribution center in Maryland, a facility that will exclusively serve Conair.
Delaware Enlarging Port With New $635 Million Terminal
Delaware announced it will join Enstructure, the operator of the Port of Wilmington, to build a new port terminal in Edgemoor in a $635 million project.
Warehouses Look at Ways to Improve Recruitment, Retention
The use of automation in warehouses to streamline efficiencies, already part of the conversation pre-pandemic, has accelerated.
M&A Deals Require Intention and Involvement During Process
The joining of trucking companies comes with challenges throughout the merger and acquisition process. The slow-moving procedure was exacerbated during the boom/bust cycle of 2022-23.
Freight Market Stabilization Bolsters M&A Optimism
As trucking mergers and acquisitions followed the freight market into a down cycle, conditions have stabilized, showing positive signs for the sector going forward.