Crete Carrier
Loaded and Rolling: Morgan Stanley sees freight industry move ‘deeper into limbo’
Morgan Stanley report touts positive signs but market ‘deeper into limbo’
A Q3 shipper survey by Morgan Stanley suggests the freight industry has moved “deeper into limbo” as completion of an excess inventory purge now leads to uncertainty as there is no immediate need to restock. One trend the report highlighted is how shippers are waiting on more consumer buying intentions before moving goods as excess transportation capacity remains abundant.
FreightWaves’ Todd...
‘Even stronger summer than last year’ sends driver pay higher
Crete Carrier and Shaffer Trucking has announced a pay increase for drivers in its regional and national over-the-road fleets starting May 1.
New OTR drivers will now see pay rates between 59 and 65 cents per mile depending on their level of experience. The fleets’ pay program uses “practical miles,” which the company on Friday said results in “an average of 3-5% more than pay based on short route miles.” The increase applies to all solo, team and owner-operator drivers on per-mile pay plans in...
https://s29755.pcdn.co/news/even-stronger-summer-than-last-year-sends-driver-pay-higher