lmi
Transportation prices up in February but capacity grows faster
Transportation prices grew from depressed levels for a second time in as many months during February, a Tuesday supply chain report showed. However, the rate of growth in transportation capacity was higher, signaling a meaningful recovery in the freight cycle is not yet underway.
The subindex for transportation prices (57.6) increased 1.8 percentage points sequentially in February, according to data compiled in the Logistics Managers’ Index (LMI). Prior to January, the index had been in...
https://www.freightwaves.com/news/transportation-prices-up-in-february-but-capacity-grows-faster
Werner aims to grow dedicated after Q4 earnings miss
Werner aims to grow dedicated after Q4 earnings miss
On Tuesday, truckload carrier Werner Enterprises released its Q4 earnings, which saw one-way customers (or OTR) continue one last push for savings on upcoming RFPs but nearing an inflection point due to profitability concerns.
The pricing discipline and willingness to limit the company’s semi-random OTR network while pivoting to dedicated is a proven down-market strategy in which you adjust...
https://www.freightwaves.com/news/werner-aims-to-grow-dedicated-after-q4-earnings-miss
Loaded and Rolling: Florida seeks CDL skills testing waiver
Florida seeks CDL skills testing waiver
The Federal Motor Carrier Safety Administration on Monday published a notice in the Federal Register that the state of Florida is seeking an exemption to the CDL testing regulation pertaining to skills testing. The Florida Department of Highway Safety and Motor Vehicles (FLHSMV) has applied for an exemption from the regulation that requires a three-part CDL skills test that must be completed in a specific order.
FreightWaves’...
https://www.freightwaves.com/news/loaded-and-rolling-florida-seeks-cdl-skills-testing-waiver
Transportation capacity grows faster in November, prices continue to slide
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A November survey of supply chain managers fell back into contraction territory with transportation...
Loaded and Rolling: The Taylor Swift $100,000 driver bonus
The Taylor Swift $100,000 driver bonus
Media outlet TMZ reported that singer-songwriter Taylor Swift gave each truck driver who worked as part of her Eras Tour a bonus check of $100,000 before her Santa Clara, California, show last Saturday. The article on Tuesday notes there are around 50 drivers associated with her current U.S. tour and the bonuses totaled about $5 million. This end-of-tour bonus pales in comparison to the estimated $1 billion in...
https://www.freightwaves.com/news/loaded-and-rolling-the-taylor-swift-100000-driver-bonus
Transportation prices fall notably again in July
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Transportation prices fell again in July but at a slower rate than in the prior two months,...
https://www.freightwaves.com/news/transportation-prices-fall-notably-again-in-july
Loaded and Rolling: The plight of the owner-operator
The plight of the owner-operator
The freight recession’s impact on small fleets and owner-operators gained mainstream media attention on Monday with an article by Shannon Pettypiece, a senior policy reporter for NBC News. The article related the story of Arnesha Barron, a 39-year-old driver who in 2021 became an owner-operator after working at a trucking company for six years. Barron’s journey from COVID boom to bust highlights the plight of many drivers who were...
https://www.freightwaves.com/news/loaded-and-rolling-the-plight-of-the-owner-operator
Supply chain index hits new low; some green shoots noted
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Supply chain activity hit a new low in June, according to data collected in the Logistics Managers’...
https://www.freightwaves.com/news/supply-chain-index-hits-new-low-some-green-shoots-noted
Supply chain index hits all-time low in April
A monthly survey of activity in the supply chain published Tuesday registered an all-time low in April.
The Logistics Managers’ Index (LMI) produced a reading of 50.9 during the month, a new low for the 6.5-year-old data set. This was the third consecutive month the growth rate slowed, albeit only 20 basis points lower than the level recorded in March.
A level below 50 indicates contraction while one above signals expansion.
There was some good news in the bad news.
A big driver of the change was a...