Truckload Archives - Page 77 of 77 - Maritime Shipping News

Volumes show signs of life, now 8% below year ago levels

24 May 20202 May 2020

There is life in the outbound tender volume index (OTVI) once again. After two weeks of walking along the x-axis, OTVI has turned to the upside. Volumes have risen just over 4% since last week and have broken the 9,000 mark.

Federal social distancing guidelines expired on Thursday, April 30, and the White House has indicated the restrictions will not be extended. Despite warnings from health and disease experts, half of U.S. states are moving forward with relaxing some restrictions....

https://www.freightwaves.com/news/volumes-show-signs-of-life-now-8-below-year-ago-levels

Pandemic offers opportunity to end the tug of war between carriers, shippers

24 May 20201 May 2020

Carriers and shippers have been playing a decades-long game of tug of war, passing pricing power amongst themselves as the transportation markets rise and fall. These pricing surges are one of the few certainties in an unpredictable market.

The global pandemic offers industry players the chance to trade competition for collaboration and disrupt the status quo. Carriers, 3PLs, and shippers alike are feeling the impact of the coronavirus pandemic, and companies in every corner of the industry are...

https://www.freightwaves.com/news/pandemic-offers-opportunity-to-end-the-tug-of-war-between-carriers-shippers

Cushman to step down as CEO at P.A.M. Transportation

24 May 20201 May 2020

P.A.M. Transportation Services (NASDAQ: PTSI) announced that President and CEO Dan Cushman will retire after 11 years at the helm. He will remain with the company in an “advisory role” until July 31.

Cushman’s retirement is effective May 1.

The Tontitown, Arkansas-based truckload (TL) carrier plans to begin an “internal and external national search” to fill the vacancy.

“On behalf of the Board of Directors and our entire company, I want to sincerely thank Dan for his transformative leadership and...

https://www.freightwaves.com/news/cushman-to-step-down-as-ceo-at-pam-transportation

Trimble tackles work zone safety with reduced speed alerts

24 May 20201 May 2020

More than 18,000 work zone crashes a year involve tractor-trailer trucks. Many times, the reason is the sudden nature of slowing traffic as the trucks approach a work zone, leaving the truck drivers without enough room to safely slow or stop their vehicles. According to data from the National Work Zone Safety Information Clearinghouse, there were 672 fatal crashes in work zones in 2018, with 203 of them involving a truck.

Trimble, in partnership with Purdue University, is out to change these...

https://www.freightwaves.com/news/trimble-tackles-work-zone-safety-with-reduced-speed-alerts

Hub Group’s volume declines accelerate in April

24 May 20201 May 2020

On its first quarter 2020 earnings call, intermodal marketing company Hub Group’s (NASDAQ: HUBG) management team said that they expect second quarter volumes to deteriorate further. April revenue is down 15% to 18% year-over-year company-wide, accelerating from the 10% decline reported during the first quarter.

The company’s intermodal and brokerage segments are expected to see the largest negative impact from the COVID-19-related demand degradation. Intermodal volumes were down 16%...

https://www.freightwaves.com/news/hub-groups-volume-declines-accelerate-in-april

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