Thomasville, N.C.-based national less-than-truckload (LTL) carrier Old Dominion Freight Line (ODFL) provided guidance for key May operating metrics this week. ODFL reported that revenue per day was down 5.8% annually in May, driven by an 8.4% decline in revenue tons per day which was partially offset by an increase in LTL revenue per hundredweight. And … Read more

A decision issued late last week by the Washington, D.C.-based Surface Transportation Board (STB), an independent adjudicatory and economic-regulatory agency charged by Congress with resolving railroad rate and service disputes and reviewing proposed railroad mergers, removed its Final Offer Rate Review (FORR) rule. This followed a unanimous decision by the Eighth Court of Appeals vacating … Read more

Private fleets—representing more than half of the $900 billion U.S. trucking market—are holding strong despite falling rates in the for-hire sector. In fact, many shippers are leaning in, expanding capacity, adding drivers, and reaffirming private transportation as a vital corporate competency. Over the past decade, top brands like PepsiCo, Walmart, Sysco, US Foods, Halliburton, and … Read more

“By 2040, humanoid robots could outnumber humans.” This might sound like something from a sci-fi movie, but it’s actually a prediction made by Elon Musk during a recent talk on the future of artificial intelligence (AI). With AI improving at a rate of 10x every year, businesses are quickly approaching a major turning point. In … Read more

Donald Trump wasn’t even back in his office at 1600 Pennsylvania Avenue late last year when he astounded the trucking industry with his on-again, off-again threat of heavy tariffs not just on China, but America’s closest partners. Yet, in the end, President Trump appears to softening on the nation’s two largest trading partners—who just happen … Read more

At a time in which there are so many moving parts when it comes to the flurry of trade policy and tariff changes, including implementations, pauses, and speculation, it sometimes is beneficial to look at one piece of the trade-related pie to get a read on it, in terms of its impact and how it … Read more

The national average price per gallon of diesel gasoline declined for the seventh consecutive week, according to data issued today by the Department of Energy’s Energy Information Administration (EIA). With a 4.9-cent decline, the national average, for the week of May 26, came in at $3.487 per gallon. This followed a 6.0-cent decline, to $3.536, for … Read more

The U.S. Senate voted Thursday to revoke two major truck emission rules from California, dealing a blow to the state’s push for zero-emission vehicles and tighter pollution limits. EPA waivers had backed the Advanced Clean Trucks (ACT) regulation and the low-NOx Omnibus rule during the Biden administration. Both were designed by California’s Air Resources Board (CARB) to cut … Read more

A flattish outlook appears to be in the cards, for both the manufacturing and services sectors, according to the new edition of the Institute for Supply Management’s (ISM) December 2024 ISM Supply Chain Planning Forecast, which was issued earlier this month. Data for this report is based on feedback from U.S.-based purchasing and supply chain executives … Read more

Ongoing market uncertainty, largely related to tariffs and trade policy, continues to have a sizable impact on the industrial real estate sector, according to the new edition of the Industrial Business Indicator (IBI), which was recently issued by San Francisco-based real estate investment trust company Prologis. Prologis defines the IBI as a survey of customer sentiment … Read more