MORE CARGO * USA: HIGHER PRICING for hauling freight in
* New York - Glut of vehicles, uneven demand put trucking profits in the crosshairs
--- More cargo is moving through U.S. ports and on the nation’s highways, but whether the added volumes will boost trucking profits is another matter... A test could come as soon as Monday, when J.B. Hunt Transport Services Inc., one of the biggest U.S. freight carriers, is expected to announce its first-quarter earnings. J.B. Hunt operates a large trucking fleet and is the leading provider of “intermodal” services, which involves arranging for trucks and trains to move freight around the country... Often those journeys start at the docks, where imports have been surging in the past few weeks, including a 26% year-over-year jump in March at the ports of Los Angeles and Long Beach, Calif. But trucking companies tell a different story in the interior, where a glut of trucks and uneven demand are holding down the rates carriers charge retailers, manufacturers and other shippers... While the freight market has had a number of false starts in recent months, Mark Montague, a senior industry analyst with DAT, said he expects trucking rates to improve over the course of the year...
(PHOTO: JULIO CORTEZ/ASSOCIATED PRESS - Trucks, tractor trailers and cars outside the Lincoln Tunnel in Weehawken, N.J., in December) -- NY, USA - The WSJ, by Jennifer Smith - April 15, 2017
Labels: trucking industry news USA