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Supply chain diversification apparent in freight market
Chart of the Week: Outbound Tender Volume – by region SONAR: OTVI.URWT, OTVI.URSW, OTVI.URNE, OTVI.URSE, OTVI.URNW, OTVI.URMP, OTVI.URNW Compared to June 2019, regional outbound freight demand has shifted noticeably to the Eastern half of the U.S. based on shipper requests for capacity (OTVI). The Southwest region, which includes Texas, has captured most of the growth while the freight-starved…
Parts sales drive Q1 profits at Rush Enterprises
As a Peterbilt dealer, Rush Enterprises helped its own business and the Paccar brand with blowout sales of truck parts in the first quarter. The nation’s largest commercial truck dealership network reported first-quarter revenues of $1.91 billion compared to $1.56 billion a year ago. Net income of $90.5 million fell slightly below $92.5 million a…
Spot rate reactivity on the rise
Chart of the Week: National Truckload Index Linehaul Only, Outbound Tender Rejection Index – USA SONAR: NTIL.USA, OTRI.USA The average dry van truckload spot rate excluding the estimated cost of fuel (NTIL) has increased 4.2% since the end of April, while carrier contracted load rejection rates are still near all-time lows. While overall capacity is still extremely loose,…
Carriers installing solar panels to reduce costs, extend battery life
Rising costs on nearly every line of a carrier’s income statement have compressed truckload margins, forcing fleets to come up with ways to protect profits. The use of solar energy to power tractor cabs is one such solution. The improvement in solar panel technology in the past couple of years has led to increased adoption…
Emerging technology drives improvement in fleet safety on the road
Trucking safety technology is evolving. Risk Control Transportation Specialist Anthony Slamar at Northland Insurance, recently appeared on an episode of WHAT THE TRUCK?!? to highlight the growing role of Advanced Driver Assistance Systems (ADAS) and how they can help to improve fleet safety. Slamar notes the technology is a package of safety features designed to…
Daily Infographic: 10 ways to prepare your car for hot weather & summer travel
To view more FreightWaves infographics, click here The post Daily Infographic: 10 ways to prepare your car for hot weather & summer travel appeared first on FreightWaves.