Nearshoring Trend Drives More Border Growth
The nearshoring trend has been driving further transportation and logistics investments near the Mexican border as companies work to capture current and expected future growth.
Maintenance Costs Ease in Q4, Report From TMC, Decisiv Finds
NEW ORLEANS — Maintenance expenses in the trucking industry decreased 1.4% in the fourth quarter of 2023 compared with the prior quarter, driven by lower costs for parts.
Trucking Q4 Earnings Show Continued Sluggish Market
Fourth-quarter financial results from within the trucking industry showed carriers continue to navigate a sluggish market with little signs of a turnaround, according to analysts.
Spot Market Remains Suppressed Amid Stubborn Capacity
The trucking spot market has remained in a down cycle for more than a year as the number of trucks and drivers diminished — albeit at a slower rate than the decline in overall freight demand.
Forward Air Reports 138% Earnings Drop for Q4
Forward Air Corp. experienced a 138% earnings drop year-over-year during the fourth quarter of 2023, the company reported Feb. 28.
Used Truck Sales in January Rise 17% From Prior Year
Used Class 8 truck sales in January increased 17.3% compared with the same period the prior year, ACT Research reported.
TMC Sessions to Highlight Vehicle Spec’ing
American Trucking Associations’ Technology & Maintenance Council is set to explore the importance of proper spec’ing during its annual conference starting March 4.
Flexport Resurrects Convoy Services With New Tech Platform
Flexport launched a new technology platform that offers global shippers access to a trucking capacity marketplace of small carriers and owner-operators, the company announced Feb. 22.
J.B. Hunt Forges Intermodal Agreement With Walmart
J.B. Hunt Transport Services announced Feb. 22 that subsidiary J.B. Hunt Transport has entered into a multiyear intermodal service agreement with Walmart Inc.
Trailer Orders Fall Amid Weak Order Season
U.S. trailer orders in January declined sequentially and from the prior year, according to ACT Research. The sequential fall-off was the first since November.