Connect with us
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

For Business

Landstar names Ike Tate as 2018 Safety Officer of the Year



Landstar President and CEO Jim Gattoni, right, presents the Landstar Safety Officer of the Year Award to Ike Tate (Courtesy: LANDSTAR SYSTEM)

JACKSONVILLE, Fla. — Landstar System, a worldwide, asset-light provider of integrated transportation management solutions, presented the 2018 Landstar Safety Officer of the Year Award to independent Landstar Agent Ike Tate during Landstar’s Annual Agent Convention held recently in Marco Island, Florida.

Landstar requires each of its 1,300 independent agents to name an individual responsible for the safety performance of their agency. The designated Landstar Safety Officer (LSO) promotes safe, secure and compliant driving, participates in Landstar’s network-wide monthly Safety Thursday Conference Call and supports customer safety initiatives.

Each month, Landstar names one LSO of the Month, from which the Landstar Safety Officer of the Year is selected. Tate, of Charlotte Express Center, based in Charlotte, North Carolina, was first recognized as a LSO of the Month in May 2018 after hosting a Landstar safety meeting focused on the dangers of distracted driving. Charlotte Express Center also conducted three Mutual Understanding of Safety Together or M.U.S.T. customer visits during 2018. And, with more than 2.6 million Landstar business capacity owner (BCO) miles booked in 2018, the agency had no preventable accidents or cargo claims on any shipments it arranged during the year.

During a ceremony held April 6, 2019, Mike Cobb, Landstar Transportation Logistics vice president of safety and compliance, presented the award to Tate. “Ike is a prime example of a true leader in safety,” Cobb said. “His agency supports its customers and community with Landstar’s safety initiatives.”

Cobb said Tate, like the 11 other 2018 LSO of the Month finalists, represents an agency with an impeccable safety record, very low accident and cargo loss frequency rates, and a staff that continuously looks for ways to improve safety.

“He demonstrates a constant commitment to safety by regularly participating in safety initiatives and following Landstar’s Complete and Accurate Dispatch procedures,” Cobb said.




Continue Reading

For Business

ACT: Freight recession possible, rate recession likely



Tim Denoyer, ACT Research’s vice president and senior analyst said the slowdown in freight is happening just as truckload capacity is accelerating. (Courtesy: ACT RESEARCH)

COLUMBUS, Ind. — A freight recession is possible and a rate recession is likely, ACT Research said in a new monthly report focusing on the future of the U.S. trucking industry.

The report covers the truckload, intermodal, LTL and last mile sectors.

“Truckload spot rates are set to soften further because of tractor capacity additions, pulling the contract rate market down by mid-year. LTL rates will be most resilient and continue to rise due to the unique dynamics in that market, but TL and intermodal rates are heading lower,” said Tim Denoyer, ACT Research’s vice president and senior analyst.

Dry van rates, net fuel, fell 15% year-over-year in the first quarter and are likely to drop 20% year-over-year in the coming months, Denover said.

Freight growth has slowed materially, and it’s not just timing effects from shippers positioning around tariff threats. The headwinds to for-hire freight volumes in 2019 include tariffs, tighter financial conditions, the industrial slowdown, housing and auto softness, and fast private fleet growth, he said.

“While this presents risk of a freight recession in 2019, we do expect the U..S consumer to keep volumes growing, just very slowly,” Denover said. “Critically, this slowdown in freight is happening just as truckload capacity is accelerating. After growing less than freight for most of last year, truckload capacity has accelerated to 7% year-over-year growth in early 2019. We think this is the key story behind lower spot rates and why the pricing pendulum is starting to swing to the shipper.”

ACT’s Freight Forecast also includes a last mile section, which argues changing supply chains are beginning to impact equipment purchasing, though the Class 8 tractor sleeper is having quite a strong cycle.

ACT Research is a publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasting services for the North American and China markets.

More information can be found at .




Continue Reading

For Business

March new Class 8 truck sales up 15% over February



The International nameplate has shown the best gain year-to-date with a 43.1% increase. Pictured in the International LT series. (Courtesy: NAVISTAR)

The decline in Class 8 truck orders the first three months of the year is not evident in the sales figures yet as OEMs continue to work through a backlog of orders that may not be filled until late this year, if even then.

In March, OEMs and their dealers sold 22,884 Class 8 trucks in the United States, an increase of 15% over the previous month and 17.8% over the same month last year when sales totaled 19,384, according to WardsAuto.

To date in 2019, sales are up 24.5% with 62,884 units being sold thus far compared with 50,529 for the same period in 2018.

Mack recorded the largest gain month-over-month with sales of 1,623 compared with 1,163 last month, an increase of 39.6%.

International had the increase in March 2019 compared to March 2018 with 3,476 sold in 2019 compared with 2,143 in March 2018.

International also has the largest year-to-date increase at 43.1% with sales of 9,365 the first three months of 2019 compared with 6,546 during the same period in 2018.

Freightliner leads in market share in 2019 at 40.7%, up from 37.7% the first three months of 2018.


Continue Reading