Uber Freight has an offer that it hopes truck drivers cant refuse thousands of dollars in discounts on Navistar’s International brand big rigs if truckers use its freight-matching service. Uber also will provide price breaks for maintenance, tires, gas and cellphone services. that have materialized as freight demand climbs and…
Brokers Issue: Morgan Stanley started coverage on shares of Knight-Swift Transportation in a research note on Wednesday, December 13th. Knight Equity raised shares of Knight-Swift Transportation to a buy rating in a research note on Sunday, November 26th. Barclays raised shares of Knight-Swift Transportation from an underweight rating to an…
Kenworth’s T680 Advantage donation to the Transition Trucking program supports military veterans transitioning into trucking careers. Learn about this initiative encouraging veterans’ entry into the industry.: For the third consecutive year, Kenworth has donated a T680 Advantage to the Transition Trucking: Driving for Excellence program recognizing the top rookie military…
Spot market rates for van, refrigerated and flatbed freight slipped lower month over month, but continued to exceed 2017 levels. The national average spot van rate was $2.13 per mile in February, down 11 cents compared to January, but 52 cents higher than February 2017. At $2.42 per mile, the…
As noted by the Cerasis white paper, “variable logistics operations will become standard.” Keeping up with changing consumer tastes is the priority, and that means maintaining the flexibility to change orders, change delivery addresses and adjust delivery timeframes according to demand. The Cerasis white paperbacks up Greathouse’s assessment. “As demand…
There are over 12,000 freight brokers in the U.S. For more than 50 years, oversize/overweight loads have been primarily booked through these brokers via phone, fax and email. To illustrate, 42 percent of truckers surveyed have used traditional brokers. Of those, three in four classified their experience as positive, but…
It’s a big turnaround from recent years when there wasn’t enough freight demand to fill up all the nation’s trucks and drivers struggled to get attractive rates. This year will be the best for the trucking industry since 2005, said David Ross, an analyst at Stifel Financial Corp. “There are…
He was cautious a year ago about investment, exports and government three of the five elements that make up TEA, the other two being consumption and imports but by the end of the year, government spending was the only area of caution. Dieli uses a tool called the Enhanced Aggregate…
Part of the recent gains can certainly be attributed to the recent tax bill that has sent corporate tax rates to 21% from the previous rate of 35%. If stocks go up in anticipation of tax reform, investors are implicitly expecting that cuts will flow through into businesses’ income. It…
