Fleet Advantage latest benchmarking survey details fleets’ growing focus on environmental goals. The latest industry benchmarking survey from Fleet Advantage shows a growing number of carriers plan to deploy alternative-fuel vehicles sooner than later. The report also indicates that maintenance and repair trends remain top of mind and that fleets are focusing more on modernizing […]
Wabash set higher bars across the board in Q4. They have revenue of $657.4 million. Operating income of $57.7 million with operating margin of 8.8%. Earnings per diluted share of 84 cents. Record backlog of $3.4 billion, up 46% compared to Q3 and 34% above December 2021. For the full year of 2022, revenue totaled […]
As cargo theft continues to rise, experts advise on prevention and spotting fraud. The latest data Shows 2022 was a peak in a long trend of increased cargo theft. Thefts using fraudulent identities, in particular, are on the rise, as are thefts in eastern states. Shippers and carriers should be vigilant as new data shows […]
Slowing inflation means the Federal Reserve will slow down its pace of interest rate increases that it implemented to slow the overheated economy. A little over a year ago, the narrative from policy makers was that inflation was “transitory” and nothing to be so concerned about. Then supply chain issues deteriorated, a war broke out […]
After contracting in 2022, the economy is growing again as employment remains consistent and consumers keep spending despite inflation concerns. The overall U.S. economy might not be as bound for a recession in 2023 as the mainstream media has warned much of this year. But the freight economy might have to start the new year […]
Particularly in the last five months, the spot market where owner-operators and many smaller carriers find and price loads to haul has been on a road to recovery after a time when the spot market struggled, load board observers say. Trucking industry experts and load board operators these days describe the spot market for freight […]
Although forecasts say the first quarter of 2023 will be particularly tough for the trucking industry. Trucking industry remains the most relied-upon freight transport mode in the U.S. High fuel and equipment prices, labor concerns, shipping rates, inflation, talks of a recession, and other economic factors have followed trucking into what is a historically quiet […]
Trucking’s main fuel falls for the seventh straight week, but three-week string of double-digit declines ends. With the U.S. average for trucking’s main fuel dropping another 5.9 cents to $4.537 per gallon. The decline wasn’t by double digits, as it had been the three prior weeks, but the 5.9-cent drop marked the seventh week in […]
Preliminary numbers from ACT Research show net orders defying expectations of a slowdown for the month. Preliminary numbers of data from trucking data aggregator shows net trailer orders continued to soar in November, with 39,000 orders for trailers during the month. “We expected net orders to slow in November, after October’s net order explosion,” Jennifer […]
Customers both big and small utilize the service of freight broker. The fewer internal resources a company has: truck fleet, staff, etc. the more likely they are to utilize the services of outside companies like a freight broker. Why involve a middle man such as a broker? The answer is different for each organization but […]