Class 8 supply higher than demand, says ACT

COLUMBUS, Ind. – ACT Research Company says its recent For-Hire Trucking Index indicates that the supply of Class 8 trucks continues to rise faster than demand. “The capacity index [supply] rose faster than the freight index [demand] for the third

Zonar Systems hires new chief strategy officer

SEATTLE, Wash. – Transportation technology company Zonar Systems welcomed University of British Columbia (UBC) graduate Ian McKerlich as its new chief strategy officer Dec. 9. “Zonar is in a mode of hyper-growth,” said Brett Brinton, co-founder and CEO of Zonar.

Quebec’s Groupe Morneau purchases Total Cold Storage

ANJOU, Que. – Quebec transport and distribution company Groupe Morneau finalized the acquisition of Total Cold Storage Dec. 8, expanding the company’s ability to provide services and integrated solutions in the transportation and logistics industries in Eastern Canada. “The food

Spot Market Rates Rebounding as Dry Vans Jump

Rates on the spot truckload market may finally be showing signs of rebounding as a 45% increase in the number of available loads greatly outweighed the 12% hike in truck capacity last week. According to the latest numbers from DAT Solutions, based on i…

FMCSA Announces Electronic Logs Mandate

By early December 2017, an estimated 3 million commercial drivers will have thrown out their paper logbooks. A long-anticipated rule requiring electronic logging devices for truck and bus driver hours of service was announced Thursday morning.

FTR: TCI continues to fall ahead of expected improvements

The TCI was projected by FTR to decline through 2015Q4, so the October reading was not unexpected. Conditions are expected to improve for truckers in 2016 as shippers become concerned with the possibility of tight capacity in the second half of the year.