Schneider National

Port congestion, delays disrupting J.B. Hunt’s intermodal network

Intermodal providers seeing rail service delays

Container restrictions from the railroads due to high levels of congestion at the ports are causing disruption to service for intermodal providers like J.B. Hunt Transport Services (NASDAQ: JBHT).

The company earlier this week issued a service advisory extending through Saturday as its partners BNSF Railway (Berkshire Hathaway, NYSE: BRK.B) and Norfolk Southern (NYSE: NSC) unwind the glut of boxes and trailers backed up in the key intermodal markets of Los Angeles and Chicago.

“Severe ramp...

https://www.freightwaves.com/news/port-congestion-delays-disrupting-jb-hunts-intermodal-network

Schneider National to raise drivers’ per-mile pay by 4 cents

Several carriers have raised driver pay

Schneider National (NYSE: SNDR) announced late Wednesday that it will raise driver pay next year. The press release said many of the company’s drivers will earn up to an additional 4 cents per mile starting Jan. 24. The pay increase applies to driver associates in both the company’s solo and team fleets.

The Green Bay, Wisconsin-based transportation and logistics provider said the increase follows several initiatives totaling nearly $15 million made on behalf of its drivers in 2020. Those...

https://www.freightwaves.com/news/schneider-national-to-raise-drivers-per-mile-pay-by-4-cents

Frozen Food Express latest to announce driver pay hike

Driver pay on the rise across the industry

Temperature-controlled less-than-truckload carrier Frozen Food Express (FFE) announced Monday that linehaul driver pay will increase significantly beginning in early January.   

The Dallas-based company plans to increase pay for new linehaul solo company drivers by 25%, with some experienced drivers earning up to 60 cents per mile in base pay. Linehaul pay for the company’s team drivers will increase 20%.

“Our drivers have been resilient throughout this entire year dealing with unprecedented...

https://www.freightwaves.com/news/frozen-food-express-latest-to-announce-driver-pay-hike

C.R. England drivers could get a 25% pay increase

CR England announces driver pay increase

Citing a multimillion investment in its driver workforce, C.R. England announced that it has provided its over-the-road truck drivers with pay increases as much as 25%. The increases went into effect Dec. 1.

“We are very excited about this solo pay increase and are pleased to offer it at a time when professional truck drivers have been at the center of relief efforts related to the COVID crisis,” CEO Chad England said in a statement. “On average, we expect up to a 25% pay increase for eligible...

https://s29755.pcdn.co/news/cr-england-drivers-could-a-25-pay-increase

FreightWaves Flashback: Return to national speed limit?

FreightWaves Classics articles look at various aspects of the transportation industry’s history. If there are topics that you think would be of interest, please send them to [email protected].

The many industries that make up the world of freight have undergone tremendous change over the past several decades. Each week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of...

https://www.freightwaves.com/news/freightwaves-flashback-return-to-national-speed-limit

Thin inventories lengthen trucking demand runway

Low retail inventories suggest elevated trucking demand continues

Elevated demand and tight capacity have highlighted the trucking market for a few months now. Recent data points and commentary suggest this dynamic may not abate anytime soon as most supply chains still lack adequate inventory and the trucks needed to move it.

Several of the nation’s largest retailers noted that while they have been able to modestly improve inventory positions, stock for many essential items remains below pre-pandemic levels. High demand for food and beverage items, retail...

https://s29755.pcdn.co/news/thin-inventories-lengthen-trucking-demand-runway

The Daily Dash: Spot rates may be on the climb again

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, spot rates could be heading higher yet again as truckload tenders and tender rejections both rose this week. Plus, truckload carriers wonder if we are in peak season or a new normal; and a Texas group tackles tort reform.

Finding a higher spot?

Dallas and Los Angeles continue to drive the nation’s spot market, and carriers remain in charge when it comes to rates.

Andrew Cox has details on how this...

https://www.freightwaves.com/news/trucking-freight-rates-could-be-on-the-rise-again

Trucking heads see extended runway for demand

Werner truck on highway

Management from some of the nation’s largest truckload (TL) carriers are having a tough time distinguishing between peak season and the new normal in a COVID world.

Commenting at the Stephens Annual Investment Conference this week, Werner Enterprises (NASDAQ: WERN) CEO Derek Leathers said peak season ramped sooner than normal this year, starting from a much higher volume base. He noted retailers were “pulling forward everything they could get their hands on” earlier this year, which has created...

https://s29755.pcdn.co/news/trucking-heads-see-extended-runway-for-demand

Schneider CEO says only ‘third inning’ of trucking cycle

Schneider National truck on highway

Schneider National (NYSE: SNDR) is planning for the robust freight environment to carry well into next year.

CEO and President Mark Rourke said the industry appears to still be in the early stages of the current trucking cycle, “maybe the third inning,” during an appearance at Baird’s 2020 Global Industrial Conference this week.

The Green Bay, Wisconsin-based transportation and logistics company’s chief said none of its customers feel good about inventory levels, which gives him confidence that...

https://s29755.pcdn.co/news/schneider-ceo-says-only-third-inning-of-trucking-cycle

Daimler clicks collective 500,000 miles on electric truck odometers

Daimler Trucks North America (DTNA) electric trucks clicked over the half-million mile mark on the collective odometers as the company’s 38 battery-powered test models rack up real-world route coverage in Southern California.

Ten Class 8 eCascadias in the Freightliner Electric Innovation fleet perform port drayage runs for NFI Industries out of Chino, California. Twenty eCascadias and eM2 models with Penske Truck Leasing and its customers deliver food and commercial goods regionally.

Freightliner’...

https://www.freightwaves.com/news/daimler-clicks-collective-500000-miles-on-electric-truck-odometers

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