Topic
truckload
Logistics Truckload Market Upswing Prompts Driver Pay Hikes as Regulatory Enforcement Tightens Capacity
Truckload carriers GP Transco and Hirschbach announced driver pay increases, reflecting tightening capacity driven by heightened regulatory enforcement. The moves come as publicly traded carriers report that contract rates set earlier this year are no longer valid, with potential double-digit rate increases expected.
Logistics Truckload carriers eye multiyear rate upcycle as capacity tightens
The truckload market is entering a multiyear rate upcycle as capacity constraints tighten due to regulatory enforcement and cost inflation. Carriers like J.B. Hunt, Schneider National, and Werner Enterprises report accelerating contract renewals and double-digit rate hikes, while routing guides crumble and spot rates surge. Shippers face urgent need to secure sustainable carrier partnerships to mitigate rising costs.
Logistics SONAR's New Index Tracks Accepted Truckload Volumes
SONAR has launched the Accepted Truckload Volume Index (ASTVI) to provide a clearer view of freight that moves through the market. This index helps distinguish between tendered and accepted freight, offering valuable insights for logistics professionals.
Logistics Truckload's Shrinking Miles: Impact on Logistics
The average truckload length of haul in the U.S. has decreased by 21% since 2024, impacting logistics with increased spot rates and capacity constraints. This trend is driven by a shift towards intermodal transport and changes in supply chain strategies.