Cass Truckload Linehaul Index Rises 3.6% in July
The Cass Truckload Linehaul Index, a measurement of changes in base linehaul rates, rose 3.6% year-over-year in July, according to Cass Information Systems.
August 19, 2015Spot Load Availability Increases; Rates Fall
Van and reefer load availability increased for the third consecutive week, but so did the availability of equipment, DAT Solutions reported. The availability contributed to lower national average spot market rates for van, refrigerated and flatbed loads.
August 19, 2015Volvo’s North American Deliveries Rise 1% in July
Volvo Group’s North American truck deliveries rose 1% in July from the same month last year, the company reported Aug. 20.
August 19, 2015Vital I-65 Indiana Trucking Corridor Closed Till Mid-September
The Indiana Department of Transportation estimates it will be mid-September before a 50-mile northbound section of I-65 between Lebanon and Lafayette, Indiana, is reopened.
August 18, 2015One-Third of States Have Taken Their Own Highway Funding Action, Analysis Shows
A state-by-state analysis conducted by The Associated Press shows that nearly one-third have approved their own measures this year to raise funds for highway and bridge work while federal funding remains uncertain.
August 18, 2015UPS Completes $1.8 Billion Coyote Logistics Acquisition
UPS Inc. announced it has completed the $1.8 billion purchase of third-party provider Coyote Logistics to expand the package carrier’s presence in the domestic brokerage market.
August 18, 2015Jet Express' Kevin Burch Leads Coalition Opposing Marijuana Legalization in Ohio
Ohioans will be voting in November on whether to legalize marijuana in their state, and several coalitions are rallying to oppose the amendment, including representatives from trucking.
August 18, 2015Kane Is Able Sues Volvo, Others After CNG Truck Fire
Trucking and logistics operator Kane Is Able Inc. has sued Volvo Group North America, Cummins Westport and Agility Fuel Systems in connection with the fire and explosion of a CNG-powered tractor earlier this year, seeking to recover damages related to the incident.
August 18, 2015Truck Tonnage Jumps 3.7% in July, Hits Second Best-Level Ever
Truck tonnage rose 3.7% last month on a year-over-year basis, rebounding to the second-highest level ever with help from improved retail sales, housing starts and factory output, American Trucking Associations reported.
August 18, 2015Port of Brownsville Adds Cargo Dock, Storage
The Port of Brownsville, Texas, on Aug. 12, opened a $27.5 million, 650-foot marine cargo dock and storage yard, an expansion designed for the port to compete more effectively with major domestic and foreign counterparts in the Gulf of Mexico region.
August 18, 2015