Latest News Updates From Tiffany Wlazlowski
Truckload Carriers Set Shorter Contracts, Adjust Fuel Surcharges
NEW YORK — Truckload carrier executives said they were signing shorter-term contracts with shippers and adjusting how they collect fuel surcharges to better use equipment and control operating costs amid tight capacity, high driver turnover and sharply rising fuel costs.
November 19, 2004TL Rates Seen Rising 8% on Tight Capacity in 2005
NEW YORK — Truckload carriers could raise freight rates as much as 8% in 2005, fleet officials and analysts said, as high freight volumes keep capacity tight and an inability to hire qualified drivers limits carrier expansion..
November 19, 2004TL Carriers Say Fuel Costs, Driver Pay Hurt 3Q Profits
Truckload carriers said driver pay increases and inability to recoup sharply rising fuel costs tempered their profits during the third quarter, even as they pushed profits sharply higher amid strong freight volumes and tight capacity.
November 12, 2004Fleets Lock in Truck Buys In Tight Supply Market
Truck makers’ inability to keep pace with Class 8 demand could lead to soaring equipment prices for years to come, fleets and analysts said, prompting some motor carriers to lock in deals now to guarantee price and delivery — and to plan future purchases sooner than they normally would.
October 22, 2004Some Insurers Stop Writing Policies in Wake of Storms
Some insurance brokers stopped writing insurance policies after several hurricanes rampaged across the southern and eastern United States, potentially hitting carriers with higher costs just after the storms caused business losses, fleet and insurance representatives said.
October 6, 2004Sandberg Says Changing HOS Rules Would Cause Widespread Disruptions
Annette Sandberg, head of the Federal Motor Carrier Safety Administration, said Tuesday that changing the federal hours-of-service rules for truck drivers would cause widespread disruptions across the trucking industry and significantly hamper the agency’s ability to coordinate enforcement efforts.
September 29, 2004Truck Sales Soar By 59.8%
Sales of heavy-duty trucks surged 59.8% in August to their highest level in more than four years, driven largely by replacement orders from fleets that held onto aging trucks during the 2001 recession and after the shift to new-era engines in 2002.
September 20, 2004Insurance: Employee Health-Care Costs Cause Concern
As health-care costs continue to skyrocket, motor carriers said they are exploring a multitude of ways to mitigate costs that are impinging on profitability.
September 13, 2004Peak Shipping Season Arrives; TL Carriers Face Capacity Stress
Truckload carriers could see demand outpace their hauling capacity by as much as 25% during the peak shipping season now under way, a transportation analyst warned, as freight industry officials said they were facing a period in which they could be starved for capacity.
September 9, 2004Driver Availability Problems Begin to Surface in LTL Sector
For the first time in the current economic cycle, less-than-truckload carriers said finding qualified drivers was a growing concern as the expanding economy lured employees to other jobs and as low pay and increased security measures deterred people from entering the industry.
August 19, 2004Trending
Newsletter Signup
Subscribe to Transport Topics