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St Louis, Missouri, United States
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Our tubular drag conveyor has left our production facility in Iowa and is on its way to our customer in Brazil. Our equipment can be found in…
Our tubular drag conveyor has left our production facility in Iowa and is on its way to our customer in Brazil. Our equipment can be found in…
Liked by Betsy Rahmoeller
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This Juneteenth and on behalf of Sunset Transportation, I was thrilled to work with Steve's Hot Dogs in catering in lunch for our employees from a…
This Juneteenth and on behalf of Sunset Transportation, I was thrilled to work with Steve's Hot Dogs in catering in lunch for our employees from a…
Liked by Betsy Rahmoeller
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Sunset Transportation
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SSI - Software Solutions Unlimited, Inc
New, relevant data for logistics, freight transportation, & supply chain pros: truck tonnage jumped 3.6% in May and load-to-truck ratios indicate demand for trucking is trending up. Yet, spot rates remain flat - good news for shippers, but frustrating for the trucking firms. See the charts to learn more: https://lnkd.in/eJw7K9U8 #logistics #freight #supplychain #trucking #shipping #freightrates
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Flock Freight
Historically, the US truckload market has been locked into a binary concept of “full” or “empty” when it comes to trailer capacity. We are challenging both Shippers and Carriers alike to rethink this,” said Chris Pickett, Flock's Chief Operating Officer. ”With 43% of truckloads moving only partially full, there’s a massive opportunity for businesses to maximize trailer utilization and reduce overall transportation spend with our Shared Truckload solution.” 📊 We recently released a study in collaboration with Drive Research that provides a data-driven look into the underutilization of truckload space and its economic impact. 📈 Visit the article below to learn how these findings can inform shipping strategies to drive industry-wide change. https://lnkd.in/ghDN7u5R
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CGN Company Valuation
Income Statement • The railroad industry is a case study on the balance between margins and volume. Precision scheduling may make the business more efficient; it undermines the role of new freight customers. Operational focus also means a higher number of furloughed workers. Related #accounting Our master corporate feed at Cranganore explores investment-strategy and economic-diplomacy issues.
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Proxima
Our Executive Vice President Simon Geale discusses the consequences of the recent tariff increases on China-made imports announced by the White House in Inbound Logistics. While these new measures highlight the US's commitment to onshoring supply chains, Simon also discusses the challenges this can pose for progress towards #netzero goals. Read more on Simon's insights and the latest developments impacting global #supplychains here: https://bit.ly/3Wh3FwL
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Johanson Transportation Service (JTS)
The #aar report ending 5/11 shows U.S. railroad weekly volume was 468,748 carloads & intermodal units, up 0.6% compared to the same week in 2023. Carloads were 209,319, down 7.0% & intermodal volume was 259,429 containers and trailers – up 7.7% compared to the same week in 2023.
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ACT Research Co.
[June Freight Forecast: U.S. Rate and Volume OUTLOOK Update] - Class 8 Tractor Prebuying Disrupting the Freight Cycle Trucking data in May were disinflationary—higher truck orders, lower Cass Information Systems shipments, and stalling spot trends—and show an industry prioritizing planning for emissions rules over cost economics. Read more of the June update here - https://hubs.la/Q02Cdlnc0
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Falcone Specialized Carriers, LLC
Recent data from FreightWaves suggests that the domestic truckload market may finally be stabilizing, as their Outbound Tender Volume (OTV) Index spiked over 7% at the start of the summer shipping season. This spike was the strongest demand surge seen at this time of year since 2019. The OTV Index measures the number of electronic requests for truckload shipments from shippers, and the recent spike is a positive sign of healthy summer demand. Stronger demand and a continued reduction of overcapacity have helped stabilize spot rates, which have averaged about 5% higher year-over-year since early May. ➤ For more domestic freight market updates, follow our page on LinkedIn. #truckload #freight #trucking #news
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Falcone Capital Holdings, LLC
Recent data from FreightWaves suggests that the domestic truckload market may finally be stabilizing, as their Outbound Tender Volume (OTV) Index spiked over 7% at the start of the summer shipping season. This spike was the strongest demand surge seen at this time of year since 2019. The OTV Index measures the number of electronic requests for truckload shipments from shippers, and the recent spike is a positive sign of healthy summer demand. Stronger demand and a continued reduction of overcapacity have helped stabilize spot rates, which have averaged about 5% higher year-over-year since early May. ➤ For more domestic freight market updates, follow our page on LinkedIn. #truckload #freight #trucking #news
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HMD Trucking, Inc.
🚛 Truck Sales Slowing, but Freight Market Remains Imbalanced Although truck sales are slowing down, the freight market is still struggling with imbalance. New truck sales have decelerated, yet this hasn’t resolved the overcapacity issue. Economic uncertainties and fluctuating freight rates are impacting profitability, prompting companies to: 🔹 Reassess fleet expansion plans 🔹 Focus on efficiency improvements 🔹 Implement cost-cutting measures While the short-term outlook remains volatile, industry experts believe market stabilization is possible as economic conditions improve. Strategic planning and adaptability are crucial in navigating this period. #truckingjobs #truckingcompany #hmdtrucking
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DOF Ground
Weak freight market conditions continue placing financial strains on transportation providers, said Phil Yeager, president and CEO of Hub Group Inc. “Market conditions have remained soft … largely due to excess truckload capacity that is yet to exit the industry,” Yeager said during an earnings call with analysts after the market closed on Thursday. Hub Group reported first-quarter revenue of $999.5 million, a 13% year-over-year (y/y) decline. The company reported net income of $27 million, a 56% decline compared to the same period in 2023. Earnings per share came in at 44 cents for the first-quarter. Hub Group’s first-quarter revenue fell short of Wall Street forecasts, which expected revenue of $1.07 billion. The earnings per share results exceeded analysts’ expectations, which forecast 40 cents per share. “This trend is counter to many prior cycles and has led to a prolonged trough in the spot market, which has in turn led to a competitive start to bid season as carriers attempt to deploy latent capacity and spot market pricing is pressuring contract rates,” Yeager said. “We’re seeing some positive sides of the market, with many customers orienting their purchasing decision to valuable service and costs. However, this capacity attrition is not occurring at a pace that is leading to more stability in the broader truckload environment.” Oak Brook, Illinois-based Hub Group (Nasdaq: HUBG) is a provider of intermodal transportation and logistics management solutions. Hub Group expects full-year earnings to be $1.80 to $2.25 per share, with revenue in the range of $4.3 billion to $4.7 billion. “The macro environment remains challenging, and while Hub performed well in the first-quarter, we anticipate a prolonged competitive pricing environment impacting our intermodal and brokerage line of businesses,” CFO Kevin Beth said. “We now believe that the market inflection point has shifted further out from our fourth-quarter assumptions.” First-quarter revenue for the company’s intermodal and transportation solutions (ITS) segment was $552 million, compared to $709 million in the same year-ago period. The ITS segment decline in revenue was driven by softer intermodal volume that declined 10% y/y during the first quarter, COO Brian Alexander said during the call. Hub Group’s transcontinental intermodal volume was down 6% y/y, local East intermodal volume declined 2% y/y and local West intermodal volume fell 16% y/y. “While our dedicated trucking team finished 2023 strong, they ended the year with some headwinds related to startup costs,” Alexander said. “We have already seen yield improvements in the second quarter that we expect to continue throughout the rest of the year.” The company’s logistics segment generated first-quarter revenue of $480 million, a 2.4% y/y increase compared to $469 million in the prior year.
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OTR Truck Parking
Werner Enterprises CEO Derek Leathers sees signs of recovery in the trucking industry, predicting relief from the prolonged freight recession. He noted that inventory levels have normalized, leading to regular replenishment cycles and a positive outlook for the fall season. While consumer demand remains steady without expected surges, Leathers highlighted that retailers have balanced their post-COVID inventories, resulting in a more stable market. This year’s bid season is also more stable, with less pricing pressure and churn. https://lnkd.in/g2wNA6qA
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Jason Fifield
PLUG: Here are Knight, we have a few different options for customers seeking dynamic pricing. Ask me about them. :) RE: this article - I’ve read a variety of opinions surrounding CH Robinson’s recent spot-quoting AI reveal. Personally, I applaud them for being an early-adaptor within the Artificial Intelligence/Transportation Industry space. At the end of the day, finding new ways to provide their customers faster, more consistent spot-quote responses is a win/win endeavor. Now will there be an “adaptive AI learning curve” that helps ensure their AI pricing is both competitive and profitable? Yes, of course. The transportation world (as a whole) is so dynamic that it will be interesting to see how quickly AI reasoning can “detect and adjust” to market swings. Most certainly there will be people behind the scenes calling “audibles” in those situations. Will they be able to execute on the business generated? Well that’s the never-ending, never-relenting question mark behind every company in our space. Ultimately, if they can’t execute, nothing else matters. I’m guessing they have a lot of brilliant minds invested here to ensure this project not only has feet but is ultimately successful.
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AMAROK Security
As you prepare for the summer shipping season ahead, is your link in the supply chain secure? Learn more about the anticipated summer shipping trends that could impact your business at FreightWaves' State of Freight Webinar, presented by AMAROK. Register using the link below ⬇ #SupplyChainSecurity #Trucking #Shipping
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AMAROK Security
Is your link in the supply chain prepared for the anticipated summer shipping trends? Learn more about the state of the industry TODAY by registering for FreightWaves' State of Freight Webinar, presented by AMAROK. Use the link below to register ⬇ 📆 Today, May 23rd 🕒 2:00 pm ET #Shipping #Trucking #SupplyChain
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AgriBusiness Global
During FreightWeekSTL 2024, Panos Kouvelis discussed the evolving challenges in the global supply chain caused by conflicts and geopolitical tensions. He stressed the importance of creating resilient supply chains through diversification and strategic investments. The St. Louis region, recognized as a key global freight hub, stands to benefit from these strategies. 🏗️🚛 Kouvelis pointed out that the current risks differ from those of the pandemic, now including environmental, geopolitical, and social issues. He suggested that de-risking supply chains might involve sourcing from regions like Central America or South America to reduce dependence on China. 🔗 Continue Reading: https://ow.ly/p9sr50S0TPP What steps should industries take to diversify and strengthen their supply chains in light of these new challenges? 🌐🔧 #Agribusiness #CropProtection #Agriculture #Farming
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Supply Chain Radar
Thoughts from the professionals - UPS sells Coyote Logistics This week it was announced that UPS will be handing off its truckload brokerage unit Coyote Logistics to RXO, Inc. for $1.025 billion dollars. Here is what some industry professionals thought about the deal: - Ryan Schreiber of consulting group Metafora. Please add your thoughts on the deal in the comment section below. Learn more about the deal here : https://lnkd.in/ebjyMVSy #UPS #Coyote #sell Grace Sharkey 🚛🤖💙 Jim Waters Josh Brazil
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InTek Freight and Logistics, Inc.
Freight is stable, but continuing along ground level rather than making gains according to April's Cass Freight Index. Authors cite private fleets holding back a for-hire trucking market dealing with soft demand https://hubs.li/Q02x6QG90 #freight #logistics #supplychain #trucking
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OTR Truck Parking
The trucing industry has had a particularly tough few years. North America's largest trucking companies are enduring lower rates and managing expenses tightly. The downturn, which started in mid-2022, has led to many top carriers reporting declining revenue and profits in 2023 and 2024. UPS saw a significant revenue drop, and Yellow Corp. went bankrupt, cutting 30,000 jobs. Industry consolidation continued with TFI International and Ryder System Inc. making major acquisitions. New entrants to the list include Manitoulin Group and FirstFleet. https://lnkd.in/gPA3GVYi
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