Less-than-truckload carrier Saia reported Friday another modest tonnage decline for the month of May, suggesting the worst of the industry’s demand degradation may be in the rearview. Saia (NASDAQ: SAIA) said tonnage was down 2% year over year (y/y) in May, the combination of a 4.2% decline in shipments and a 2.3% increase in weight…
Parcel, freight, and logistics provider GLS Canada has acquired 100% of the shares of Moncton, N.B.-based Altimax Courier, a company offering air and ground service in Atlantic Canada. “It is with […]
Driver turnover. Fleet safety scores. Insurance premiums. A lot is riding on hiring, onboarding, training, and retaining the right drivers. Ongoing training supported by advanced technology that includes a telematics device makes all the difference. The most effective programs approach training as a continuously evolving process, not a once-and-done rite of passage for new drivers. ISAAC’s in-cab…
Trailer leasing companies are wary of trusting their trailers to a freight broker who doesn’t have assets. Unlike asset-based motor carriers, freight brokers typically can’t get the needed insurance coverage to protect those trailers. “There is a strict auto liability and physical damage insurance requirement at many leasing companies, and insurance markets haven’t been willing…
The Transportation Intermediaries Association (TIA), representing 3PLs, has produced a report that predicts continued tough conditions through this year but offers reason for optimism in 2024. TIA’s 3PL Market Report […]