Class 8 truck orders rebounded slightly in May. But the important number is the industry’s backlog and how much of it is being manufactured. “Fleet demand for equipment does not appear to be waning as they still want to take delivery of new equipment,” said Eric Starks, chairman of FTR Transportation Intelligence. “Strong backlogs are…
Chart of the Week: National Truckload Index, Outbound Tender Rejection Index – USA SONAR: NTI.USA, OTRI.USA Truckload spot rates increased marginally compared to month-ago levels while tender rejection rates barely moved over the last two weeks of May, providing little hope to transportation providers that capacity has corrected noticeably. The National Truckload Index (NTI), which measures average spot…
The shipping cycle is famously volatile. Just ask anyone involved in the container shipping business in 2020-2022. Time it right, buy exposure to the cycle at the bottom and sell at the top, and you’ll make a fortune. Multi-generational Greek shipping families have this down to a science. For everyday investors, it’s a challenge. Shipping…
C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) has chosen David Bozeman, an executive of the Ford Motor Co., as its next CEO, according to people familiar with the matter. David Bozeman (Photo: Ford) The announcement, which is expected to be made as early as Monday, catapults Bozeman to the top job of the nation’s largest freight…
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago. In this edition, from the January 1975 issue of American Shipper, FreightWaves shares an article…