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Where and how consumers and businesses are spending money now, and how those habits might shift in the near future, will shape how the economy — and the trucking industry — will manage through the impact of the COVID-19 crisis, experts said.
Continued purchases of medical supplies, food and beverages will bolster the refrigerated market, according to ACT Research. (John Sommers II for Transport Topics)
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Global freight transportation and logistics provider XPO Logistics reported mixed financial results for the third quarter on Oct. 28.
The Greenwich, Conn.-based company’s net income rose 18% to $136 million, or $1.27 per share, from $115 million, or 81 cents, in the same year-ago period.
XPO Logistics' revenue will fall as much as 4% this year, down from the previous forecast that the decline wouldn't exceed 1%. (XPO Logistics)
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Officials aiming to facilitate the flow of freight amid advancements in autonomous vehicle technologies need policies designed to reduce the frequency of freight trips while enhancing safety, a new report by the National Association of City Transportation Officials concluded.
A traffic jam in New York City. The report said city officials will need to rethink urban freight policies to accommodate the changing transportation landscape. (U.S. DOT)
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Freight tonnage is projected to increase 25.6% by 2030 according to American Trucking Associations’ Freight Transportation Forecast: 2019 to 2030.
Annual tonnage is expected to grow to more than 20.5 billion tons by 2030, and with it, revenue is expected to jump almost 54% to $1.6 trillion.
Trucks on the road. (John Sommers II for Transport Topics)
The strongest economy in decades drove big gains in 2018 for most, but not all, of the largest freight carriers in North America.
RoadOne IntermodaLogistics debuted on the Top 100 this year, tied at No. 86. (RoadOne IntermodaLogistics)
April saw strong volumes and abundant capacity in spot market truckload freight, according to DAT Solutions’ monthly report.
Volumes for dry van freight — the most common semi-trailer type — increased 2.4% in April compared with a year earlier, according to DAT, which operates the largest truckload freight marketplace in North America.
But despite sustained volume, the national average spot van rate fell 35 cents per mile year over year due to readily available truckload capacity.
On a year-over-year basis, reefer volume slipped 2.9%. (John Sommers II for Transport Topics)
