The economic growth over the past six months has increased the need for freight transportation, but the industry is facing a lack of drivers. The trucking industry is encountering a 50,000 truck driver shortage, according to a report by the American Trucking Association. It’s is the lifeblood of the economy, connecting production with commerce. If…
An unusual surge of truckload freight led to higher-than-normal volume on the spot market for the week ending July 29, according to DAT Solutions and its network of load boards, but it failed to turn into any substantial rate increases. The number of available loads increased 2% while truck posts edged down 2% compared to…
The number of North American freight shipments and the amount of expenditures both posted strong increases in February from the month before, according to newly released Cass Freight Index figures. The 8.3% jump in the shipments index to 1.055 from a revised January reading of 0.974 erases the previous month’s decline. Despite this, February is…
The trucking industry has a great outlook for 2015. We are all feeling the effects of the driver shortage, but we at OpenRoad have not had driver turnover issues. Taking care of our drivers is a top priority for us. Let’s all have a great 2015! Analysts at GE Capital compiled a list of expected…