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ACT Research's For-Hire Trucking Index for August saw a drop in volumes and pricing, despite a strong supply-demand balance. Also: Kodiak announces fourth-gen autonomous truck; Maverick offering new sign-on bonuses; Penske's new Fort Worth facility.
Volumes and rates have hit record highs, but in the face of unprecedented demand, forecasting the freight economy outlook becomes all about supply chains.
Freight levels moderated in June, but only by a little, according to reports from several sources. Supply chain issues, like shortages of semiconductors
The addition of AAA Cooper to Knight-Swift’s portfolio will make LTL the company’s second-largest segment. The trucking industry saw a handful of mergers and buyouts in the first six months of the year. Among the more notable moves was when CCJ Top 250 No. 1 carrier UPS announced in January the sale of its UPS Freight business to TFI International (No. 8) for $800 million. In May, CSX Corp. acquired Quality Carriers from Quality Distribution (No. 34), and Hirschbach Motor Lines (No. 64) acquired Eagan, Minnesota-based Lessors, Inc., a nearly 300-truck reefer fleet last month. C...
Jun 30, 2021 In the pandemic, consumers became more demanding than ever of shippers, and the freight market must now cobble together an innovative response to ensure customer satisfaction while facing a driver shortage, rising fuel prices and tight capacity. The global supply chain that powers the U.S.'s economy survived an unprecedented storm during the pandemic, and in doing so became the most-talked about story in business media. Everyone from the White House to the FMCSA to Bloomberg's business analysts have weighed in on historic supply chain disruptions that now lay bare the essential r...