Lowell-based carrier J.B. Hunt Transport Services Inc. beat expectations for earnings and revenue for the fourth quarter and 2021 and surpassed $10 billion in annual revenue for the first time amid strong freight demand, rising rates and a tight labor market.
Truck tonnage in December rose a seasonally adjusted 1.4% compared with the same month in 2020 — the fourth consecutive year-over-year gain and the highest measurement since March, American Trucking Associations announced.
Van and refrigerated (“reefer”) truckload freight rates hit new highs in December, with national average prices up 21.9% and 29.5% respectively compared to the same period a year ago, said DAT Freight & Analytics, which operates the industry’s largest marketplace for spot truckload freight and the DAT iQ data analytics service.
The fast-spreading variant of COVID-19 likely won’t affect trucking as much as warehousing and aviation, but its indirect impact will put more pressure on already high trucking costs.
It was a wild year on the spot freight market in 2021. DAT’s Dean Croke joins us for a look at how the year went out, while looking ahead to 2022.
Logistics providers are largely embracing a buy-and-build approach to serve their shipper and carrier ecosystems, realizing that internal development resources aren’t usually enough to cater for all their software needs.
November’s TVI reading—at 239—matched October, which initially set a new record for the number of loads moved by motor carriers in a month, according to DAT.
The White House met with trucking stakeholders and held a listening session in South Carolina. Todd Spencer and Lewie Pugh fill us in.
Executives say the tight capacity and high demand that have sent prices surging this year will extend into next year
FourKites, the world’s leading real-time supply chain visibility platform, today announced a year of record growth as the company executed on its vision to build automated, interconnected and collaborative global supply chains that span transportation, warehouses, stores, trucks and more.