Ontario’s Workplace Safety and Insurance Board (WSIB) has introduced a new process to confirm the status of independent owner-operators — and it only needs to be completed the first time […]
Among the highlights of second-quarter earnings at Saia (NASDAQ: SAIA) released early Friday morning were: The data on yield, generally seen as the most important metric for LTL carriers, was mixed. The revenue per hundredweight, which is the definition of yield, was $23.85 for the second quarter ended June 30. That was down 4.8% from…
Transportation and logistics provider ArcBest reported Friday that less-than-truckload shipments from core accounts have increased 10% in the past week. The company didn’t cite a potential shutdown at competitor Yellow Corp. (NASDAQ: YELL) as the reason but it did say it has renewed its focus on primary accounts, following a period in which it leaned…
After experiencing two years of record growth during the COVID-19 pandemic, Jacksonville, Florida-based Surge Transportation, a digital freight brokerage, sought to find a buyer and slashed its rates and workforce nearly a year before it filed for Chapter 11 bankruptcy protection on Monday. “In the first half of 2022, demand for excess motor carrier capacity…
Economic news affecting the trucking industry was mostly unexciting in the most recent week, but ACT Research is sounding alarms for those in the trailer industry. Higher cancellations and a […]