The spot market economy for freight has been “recovering” for much of the time. The latest catchphrases for the market critical to smaller fleets and owner-operators are “soft” according to the latest from the research. A industry researcher, characterize the spot market economy as “soft”! Especially in two critical segments of freight-hauling: dry van and […]
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 […]
Clearly, fuel is a big part of inflationary pressure for transportation, but the shipper is really the one bearing a lot of that cost. The carrier eats the cost at first but then they pass it on. There are potentially some cashflow issues, but we are not seeing a significant problem there yet. They have […]
Drivers are a key factor in managing a vehicle’s fuel economy.
The average retail price of a pre-owned heavy-duty commercial vehicle rose 11%. the average retail price of a used truck rose 11% and average miles and age both were lower, down 3% and 7%, respectively, from February. Compared to last March the average retail price was 90% higher, with miles and age greater by 3% […]
A softening freight market still benefits from pent-up demand despite rising fuel prices. While truckload volumes reached historic highs in March, spot rates fell last month as fuel prices soared and supply inched closer to the freight market demand. The weakening spot market rates and historic diesel prices in March overshadowed more robust truckload freight […]
Predictive vehicle analytics company Pitstop is partnering with Samsara to offer customers real-time data, insights, and predictive analytics to reduce emissions and maintenance costs, according to a joint announcement. Pitstop’s predictive analytics platform analyzes sensor data and diagnostic trouble codes of components such as batteries, brakes, and more across various fleet vehicles.
National average truckload spot dry van and reefer rates increased for the seventh consecutive month and the average van rate reached $3 per mile for the first time. “While it’s not unusual to see a decline in the number of loads moved from November to December, spot-market volume was historically strong last month,” said Ken […]
Carriers turning to the used truck market to supplement tractor count have been met with record prices nearly every month, and that’s not likely to change in the immediate future. Through the first 10 months of the year, used truck sales activity is 4% higher compared to the same period a year ago, according to […]