Trucking

Check and double-check blind spots

One second the car is there, the next it’s out of sight. It’s the highway’s greatest magic trick, the ability to hide a car in plain sight. 

Regardless of how many times you’ve witnessed the act, blind spots can fool even the most cautious of drivers on the road. Brian Runnels, Reliance Partners’ vice president of safety, and Robert Kaferle, the director of safety, remind drivers to double-check — if not triple-check — their mirrors before changing lanes.

“I would always tell my students that...

https://www.freightwaves.com/news/check-and-double-check-blind-spots

Traton posts big 9-month financials with Navistar included for first time

Traton Group sold 53% more trucks and buses in the first nine months of 2021, incorporating Navistar in its results for the first time following the $3.7 billion acquisition of the Lisle, Illinois-based truck manufacturer in July.

The global shortage of semiconductors and other supply constraints impacted Traton, but the Volkswagen AG truck holding company that includes the Swedish brand Scania Vehicles & Services, Germany’s MAN Trucks and Buses, and Brazil’s Volkswagen Caminhões e Ônibus,...

https://www.freightwaves.com/news/traton-posts-big-9-month-financials-with-navistar-included-for-first-time

Visibility lacking in high-stakes pharmaceutical sector

Red truck drives on highway in mountainous region

Moving pharmaceuticals has always been a high-stakes job teeming with threats to bottom lines and, more importantly, human lives. The headwinds that pharma companies — as well as doctors and patients themselves — face were highlighted in 2020, as the logistics industry was saddled with the complex task of sourcing and delivering highly sensitive COVID-19 vaccine doses. 

Research from Statista revealed that approximately $1.27 trillion was spent on medicines alone in the U.S. during 2020. With...

https://www.freightwaves.com/news/visibility-lacking-in-high-stakes-pharmaceutical-sector

Maintaining valuable relationships with a TMS

Constrained capacity has been a major issue throughout all of 2021, and is expected to continue even after the holiday season. For shippers and freight brokers, there have been serious rate increases as well as capacity constraints. Currently, there is no end in sight and sourcing capacity will likely prove difficult through at least the first quarter of 2022 as supply and demand struggle to strike a balance during the peak season.

The recent shift to online shopping has caused an e-commerce...

https://www.freightwaves.com/news/maintaining-valuable-relationships-with-a-tms

Schneider sees ‘constructive market well into 2022’

Schneider beats third-quarter estimates, raises guidance

Schneider National is calling for more of the same, elevated transportation demand and limited supply, as 2021 comes to an end.

The Green Bay, Wisconsin-based truckload carrier reported adjusted earnings per share of 62 cents for the third quarter, 10 cents ahead of consensus and double the year-ago period. The quarter included a $3.1 million loss on equity investments, which was offset by higher gains on equipment sales.

Schneider National (NYSE: SNDR) updated its full-year 2021 adjusted EPS...

https://www.freightwaves.com/news/schneider-sees-constructive-market-well-into-2022

Used truck prices high but Ryder’s inventory low

About 15 months ago, on the company’s second-quarter 2020 earning call, Ryder System CEO Robert Sanchez gave some stark numbers about the collapse of the used truck market in the first months of the pandemic.

As a result of the downturn in the market, Ryder (NYSE: R) was looking at inventories for the sale of trucks and other vehicles of about 14,000. Its target inventory was 7,000 to 9,000. The 14,000 figure contrasted sharply with the 8,300 in inventory a year earlier, at the close of 2019’s...

https://www.freightwaves.com/news/used-truck-prices-high-but-ryders-inventory-low

Environmental, freight policy experts seek ‘bold commitments’ ahead of climate summit

Environmental regulations experts weigh in on the upcoming COP26 climate conference.

Transportation was responsible for about 26% of global greenhouse gas emissions in 2018 and nearly 29% of U.S. emissions in 2019, according to International Energy Agency and Environmental Protection Agency data. 

Moving goods around the world has become the norm, and considering the demand for freight is expected to rise drastically by 2050, the path to net-zero emissions will not be easy.

Commitments made at an upcoming climate change conference in Glasgow, Scotland, could “drive change and...

https://www.freightwaves.com/news/environmental-freight-policy-experts-seek-bold-commitments-ahead-of-climate-summit

Solid earnings send already hot Saia stock even higher

Saia’s quarterly earnings have sent the company’s already high-flying stock into the stratosphere.

Before the LTL carrier announced its earnings Thursday morning, Saia (NASDAQ: SAIA) was already sitting on a 52-week gain of close to 100%. After closing Wednesday at just under $274, its strong earnings report for the third quarter sent it up $22.26, or roughly 8%, to a price of $296.15 at 11:30 a.m. Thursday. For the day, the high price was just over $300. The 52-week high is $316.98 and the...

https://www.freightwaves.com/news/solid-earnings-send-already-hot-saia-stock-even-higher

Cargo Transporters announces 3rd pay increase for drivers

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

Marten Transport discloses cyberattack, warns employee data could be at risk

A tractor-trailer of Marten Transport travels on a highway with mountains in the background.

Wisconsin-based trucking company Marten Transport has confirmed it was the victim of a cyberattack earlier in October and warned that employee data could have been compromised, according to a Securities and Exchange Commission filing on Wednesday.

Marten said in the filing that the company detected the attack on Oct. 3 and were accessed and encrypted as part of the incident. It came three days after a cybercriminal group posted a claim — which was quickly taken down — to the dark web alleging...

https://www.freightwaves.com/news/marten-transport-discloses-cyberattack-warns-employee-data-could-be-at-risk

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