Schneider, the largest privately owned for-hire carrier in the United States and Canada, will become a publicly traded company as soon as April 5 with shares trading between $18 and $20, according to Bloomberg News and a company filing with the Securities and Exchange Commission.
March 24, 2017Business, Logistics
Monthly Trailer Orders Up 24%, Passes 26,000
U.S. trailer orders in February pushed past 26,000, up 24% year-over-year, as dealers restocked and fleets continued to extend orders, experts said, adding that industry backlog is below last year’s pace and freight demand has not fully returned.
March 27, 2017Business, Logistics
Schneider Going to Wall Street With Share Price of $18 to $20
Business, Logistics
Container Shipping Lines Ordered to Testify in US Sector Probe
The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation over practices by an industry that is the backbone of world trade, the companies said on March 22.  Â
March 22, 2017Business, Logistics
Push by Drivers to Unionize at XPO Spreads to New Jersey
The efforts of XPO Logistics less-than-truckload drivers to organize into unions have spread to Trenton, New Jersey, with 33 employees filing a petition with the National Labor Relations Board.
March 21, 2017Business, Logistics
New, Safer US Rail Cars Gather Dust Even as Ethanol Trains Grow Longer
While crossing a small wooden bridge in northwestern Iowa on March 16, 20 rail tank cars in a mile-long train transporting ethanol flew off the tracks, sending fireballs into the sky as thousands of gallons of the biofuel leaked into the creek below.
March 20, 2017Letters to the Editor, Business, Government, Safety, Technology, Logistics
Letters: Entry-Level Driver Training, Cost Containment
Readers discuss the regulatory side of entry-level driver training and the best way to maximize profit is containing costs.
March 20, 2017Editorial, Business, Government, Safety, Autonomous, Technology, Logistics
Editorial: A Useful Discussion on Safety
Last week, we cheered the apparent demise of a federal regulatory provision regarding hours of service. Now we’d like to salute a positive development: a recent discussion on truck safety before a Senate subcommittee.
March 20, 2017Business, Government, Safety, Logistics, Technology, Equipment
Truckload Driver Pay Inches Up in 4th Quarter
Salaries for truckload drivers rose at the low rate of 0.04 point in the fourth quarter year-over-year, according to the latest National Transportation Institute index (or 0.03% on a preliminary basis), the slowest in 2016.
March 20, 2017Equipment, Business, Logistics
Trailer Standards Draw Near
Trailers purchased by fleets in 2018 must comply with Phase 2 of the greenhouse-gas rule from the Environmental Protection Agency and the National Highway Traffic Safety Administration, but there will be a menu of equipment options for achieving compliance.
March 17, 2017Business, Logistics
Trailer Orders Rise in February as Cancellations Reach Five-Month High
U.S. trailer orders climbed past 26,000 or about 24% higher, year-over-year, as cancellations increased to the highest level in five months, ACT Research Co. reported.
March 15, 2017