dry van Archives - Maritime Shipping News

Cargo Transporters announces 3rd pay increase for drivers

28 October 2021

With a tight labor market for truck drivers, dry van truckload carrier Cargo Transporters announced its third and largest pay increase this year.

The company’s “all-in” pay option will increase from 58 cents per mile to 60 cents per mile for new and existing single drivers.

Cargo Transporters’ all-in pay structure option was announced in January. The all-in pay structure is aimed at giving drivers a choice in how they are paid.

The all-in pay option converts productivity pay, seven paid holidays...

https://www.freightwaves.com/news/cargo-transporters-announces-3rd-pay-increase-for-drivers

Lumber prices keep tight grip on shippers and importers

18 August 2021

For lumber suppliers, the tight supply and mile-high price of lumber that impacted construction projects nationwide this spring continue to cause frustration. But builders and homeowners remain optimistic as prices have since fallen to $479 per thousand board feet, down 68% since peaking in May at an all-time high of $1,515. Fortune reported that prices have dropped for the ninth consecutive week.

It’s unlikely that lumber prices will return to pre-pandemic levels, but whether they will continue...

https://www.freightwaves.com/news/lumber-prices-keep-tight-grip-on-shippers-and-importers

Cool Mountain Transport boosts pay in hunt for drivers

4 June 2021

Cool Mountain Transport, an Idaho-based trucking company, recently announced it is increasing its driver pay from 50 cents to 62 cents per mile.

It is the largest pay increase in the company’s history, according to Tork Fulton, CEO of Cool Mountain Transport.

The company raised its base rate to 54 cents per mile and added a 4 cent-per-mile performance bonus and a 4 cent-per-mile safety bonus.

“We stepped up on driver pay to accommodate our growing customer base,” Fulton said. “To maintain that...

https://www.freightwaves.com/news/cool-mountain-transport-boosts-pay-in-hunt-for-drivers

FreightWaves Classics: Trucking companies’ names range from A to Z (Chapter 10)

14 January 2021

A Boparai Transport truck hauls freight for one of its customers. (Photo: Jim Allen/FreightWaves)

Deregulation of the U.S. trucking industry began in the late 1970s. Congress passed the Motor Carrier Act of 1980 and it was signed into law by President Carter on July 1, 1980. This ended 45 years of onerous regulation by the federal Interstate Commerce Commission (ICC).

One of the most dramatic changes that occurred due to deregulation was the virtual explosion in the number of trucking firms. From 1980 to 1990, the number of licensed carriers doubled – from fewer than 20,000 to more than...

https://www.freightwaves.com/news/freightwaves-classics-trucking-companies-names-range-from-a-to-z-chapter-10

September trailer orders go bonkers at 52,000 units

13 October 2020

Preliminary orders for new trailers hit 52,000 units in September, the third-highest month in history as fleet bookings looked like the last market overheating in late 2018. The pandemic and consumer goods demand to support life and work at home continues unabated.

The highest monthly orders for trailers came in October 2014 followed by December 2017.

FTR Transportation Intelligence reported Monday that September’s orders were 23,500 units above August and 33,400 more than September 2019. The...

https://s29755.pcdn.co/news/september-trailer-orders-go-bonkers-at-52000-units

Auto manufacturing woes sink P.A.M. Transportation’s Q2

23 July 2020

P.A.M. Transportation truck on highway under dark clouds

P.A.M. Transportation Services (NASDAQ: PTSI) on Thursday reported a net loss of $823,000, 14 cents per share, which includes investments in equity securities. Excluding the investments, the dry-van truckload (TL) carrier lost 43 cents per share. Analysts’ estimates were for a profit of 15 cents per share.

The Tontitown, Arkansas-based carrier reported a 30% year-over-year decline in total revenue to $93 million as truck loads were down 26% and revenue per mile excluding fuel fell 7%. Revenue...

https://www.freightwaves.com/news/auto-manufacturing-woes-sink-pam-transportations-q2