JLL’s H2 2021 Construction Outlook forecasts scant materials and labor availability continuing to constrain recovery through the first half of 2022, with worsening cost and labor conditions as nonresidential work volume finally begins to rise.
Rates across the dry van, flatbed, and reefer segments all continued to climb through the first week of October. Details here on Overdrive.
Powell bought the truckload division of Arkansas Best Corporation in 1983, which he later renamed to USA Truck. Also: DAT announces new factoring partner for load board; Kenworth plant wins state environmental award.
The backlog of freight in Southern California is forcing more shippers to the truckload spot market as they search for any available capacity to speed goods inland.
Class 8 orders fell, as chip shortages limit OEM's build slots. "The supply chain remains a huge mess," FTR's Don Ake said.
The global supply chain that brings toys, clothing, electronics and furniture from Asia to the United States each year is clogged, an enduring impact of the pandemic that is unlikely to ease soon.
At the end of July I drove up from Boston to the annual Gear Jammer magazine truck show in Winchester, N.H. Everyone's eyes were on the polished-up rigs but the main topic of conversation centered around drivers.
A compressed economic recovery, following a two-month recession at the onset of the COVID-19 pandemic in spring 2020, has resulted in supply chain issues, and the stretched supply chains are contributing to inflation, an economist said.
The ports' latest tweaks to their hours come after months of congestion and surging consumer demand.
The ports' latest tweaks to their hours come after months of congestion and surging consumer demand. Port bottlenecks have directly impacted trucking firms, facing equipment detention and a shortage of drayage drivers.