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Maersk’s surprising strategy amid falling freight rates

Maersk upgraded part of its guidance for full-year earnings despite weaker rates that hit profits in the third quarter. The world’’s second-largest liner operator (MAERSK-B.CO) on Thursday said revenue totaled $14.2 billion in the third quarter, down from $15.8 billion in the year-ago period. Earnings before interest, taxes, depreciation and amortization (EBITDA) was $2.7 billion,… Continue reading Maersk’s surprising strategy amid falling freight rates

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Operating Ratio 101 – The Small Carrier Metric That Tells the Real Story About Your Profitability

Most owner-operators know how to figure out what it costs to run their truck — that’s your breakeven point. But there’s another number that rarely gets enough attention in this industry. It’s the one that lenders care about, the one that successful fleets track religiously, and the one that separates guesswork from control: Your Operating… Continue reading Operating Ratio 101 – The Small Carrier Metric That Tells the Real Story About Your Profitability

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Dry van report: U.S. trucking activity hits a three-month low

Truck freight activity in the United States took a step back in September, dropping the for-hire tonnage level to its lowest point in three months. According to the American Trucking Associations’ (ATA) advanced seasonally adjusted For-Hire Truck Tonnage Index, truck freight tonnage declined 0.9% in September, reversing modest gains from July and August. The index… Continue reading Dry van report: U.S. trucking activity hits a three-month low

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Why shippers are pulling back: inside CarrierSource’s latest demand data

The latest Weekly Shipper Report from CarrierSource paints a picture of waning enthusiasm among shippers seeking trucking capacity, with search activity plummeting to its lowest point in over a month. This data, capturing searches on the platform by major players like members of the Retail Industry Leaders Association (RILA) and Food Shippers of America, underscores… Continue reading Why shippers are pulling back: inside CarrierSource’s latest demand data

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LATEST: Death toll in UPS cargo jet crash rises to 7

Customers could experience shipping delays this week following the crash of a large UPS freighter aircraft that experienced an undetermined catastrophic failure during takeoff at the Louisville, Kentucky, airport and smashed through an industrial district just past the West runway. The tri-engine MD-11 cargo jet crashed around 5:15 p.m. ET, according to authorities. The widebody… Continue reading LATEST: Death toll in UPS cargo jet crash rises to 7

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