* Report: 2011 In the Rear View Mirror: Contract Rates Follow the Spot Market Up
Hummelstown,PENN,USA -Trans Core Freight Solutions, by Mark Montague -3 Jan 2012: ... Rates spiked seasonally on the spot market in 2011, followed by steady increases in contract rates... Contract rate increases landed between those two predictions with a 6.5% increase through November, while spot market rates rose a full 7.4%. Spot market rates rose at an uneven pace throughout the year, especially for vans. In the first quarter, van rates advanced 14% over the year-earlier numbers but the gain slowed to 7.5% in the 2nd quarter. Rate growth further slowed to 2.6% in the 3rd quarter before charging back for a 6% gain in Q4, compared to the same period in 2010... The Road Ahead: Expect Additional Rate Increases in 2012: Rates will continue to rise in 2012, as carriers’ costs increase. Contributing factors include prices for fuel, insurance, labor, tires and equipment. If the economy improves, the demand will increase pressure on scarce capacity. If the economy stalls, carriers will park more trucks or exit the market entirely. Either way, expect rates to head up as soon as mid-March...
* Texas - LinkAmerica to Buy 575 New Tractors, Trailers. Regional trucking operator looks for truck drivers
Rowlett,TX,USA -The Journal of Commerce Online, by William B. Cassidy -Jan 5, 2012: -- Trucking and logistics operator LinkAmerica is upgrading its fleet of tractors and trailers and enhancing its efforts to recruit and retain drivers, the company said... The regional truckload and dedicated carrier will buy 575 pieces of equipment, including Peterbilt and Freightliner tractors and Stoughton 53-foot trailers. The upgrade will replace about 20 percent of LinkAmerica’s equipment fleet... Difficulty recruiting truck drivers “is one of the challenges that keeps me awake at night”, said John Simone, president and CEO of LinkAmerica, in an interview last August...
* Texas - Heavy-Haul Operator Buys Flatbed Trucker. Walden Smokey Point acquires E.W. Wylie Trucking to expand trucking business
Houston,TX ,USA -The Journal of Commerce Online, by William B. Cassidy -Jan 4, 2012: -- Trucking and logistics operator Walden Smokey Point is expanding flatbed operations by acquiring E.W. Wylie Trucking of West Fargo, N.D... Smokey Point Distributing handles large, irregular and difficult to transport cargo and aerospace parts, as well as consolidated LTL shipments and truckload cargo... The Arlington, Wash.-based carrier has terminals in Pomona, Calif., Wichita, Kan., and Charleston, S.C... Its parent company has headquarters in Dallas. Walden purchased Wylie from Otter Tail, a Fargo, N.D.-based industrial holding company that is realigning its portfolio of businesses... Labels: freight reports, truckers shortage, trucking industry news
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