Trucking industry split over proposed speed limiter regulation coming in 2023

Federal regulators are working on a proposal that would create a truck speed limit using electronic engine devices in a proposed rule anticipated in 2023. The Federal Motor Carrier Safety Administration (FMCSA) has issued a notice of intent to solicit comments that the agency will use to inform a supplementary notice of proposed rulemaking (SNPRM),… Continue reading Trucking industry split over proposed speed limiter regulation coming in 2023

Transplace’s OptiPro focuses on shipment collaboration and LTL pooling

Earlier this month, Frisco, Texas-based Transplace, a non-asset-based third-party logistics services provider and subsidiary of Uber Freight, rolled out a new addition to its Transplace Network Services offerings, with a new tech-enabled service—entitled OptiPro—that identifies cross-customer opportunities for both LTL (Less-than-Truckload) and partial truckload freight. Transplace officials said that OptiPro is comprised of what it… Continue reading Transplace’s OptiPro focuses on shipment collaboration and LTL pooling

Convoy heralds $260 million capital funding raise, bringing total value to $3.8 billion

Seattle-based digital freight network Convoy said today it has raised $260 million worth of new funding, which will be geared towards accelerating the development of what it called its “efficiency-focused technologies in response to surging customer demand within the $800 billion trucking industry.” The new funding includes: a $160 million Series E preferred equity round… Continue reading Convoy heralds $260 million capital funding raise, bringing total value to $3.8 billion

FTR Trucking Conditions Index sees a modest increase, as fuel concerns persist

By Jeff Berman, Group News Editor ¡ April 19, 2022 The most recent edition of the Trucking Conditions Index (TCI), which was issued by freight transportation consultancy FTR showed a slight improvement, for the month of February, the most recent month for which data is available. According to FTR, a TCI reading above zero represents an… Continue reading FTR Trucking Conditions Index sees a modest increase, as fuel concerns persist

XPO Logistics announces plan to add more LTL dock doors

Greenwich, Conn.-based freight transportation services provider XPO Logistics said today it is opening up two new less-than-truckload (LTL) terminals in the second quarter, which are located in Adelanto, Calif. and Conley Ga. A company spokesperson told LM that with these new terminals, XPO is adding capacity in two strategically important areas, as well as moving XPO… Continue reading XPO Logistics announces plan to add more LTL dock doors

Mexican truckers block border, protesting Texas Gov. Abbott’s new rules

Mexican truck drivers, irked by new border regulations imposed by Texas Gov. Greg Abbott (R), have blocked two major border crossings in and out of Mexico. First affected was the Pharr International Bridge leading to and from Reynosa, Mexico. Mexican truckers blocked access to the bridge on Monday to protest increased truck inspections imposed by… Continue reading Mexican truckers block border, protesting Texas Gov. Abbott’s new rules

EPA, following California, moves to tighten heavy truck emission regs

The Biden administration is moving to lessen emissions from heavy trucks and buses in the first federal effort to eliminate smog and pollution from those vehicles since 2001. The Environmental Protection Agency (EPA) is drawing up rules that would remove smog-forming nitrate oxide (NOx) emissions by up to 90% by 2031. The new rule would… Continue reading EPA, following California, moves to tighten heavy truck emission regs

Yellow CEO Hawkins predicts ‘great year’ as it transforms into ‘super regional’ carrier

Darren Hawkins, CEO of Yellow Corp., which controls about 10% of the $50 billion LTL market, said recently he is “very pleased” with his company’s transformation from a national carrier with three separate regional trucking companies and a logistics arm into a unified “super regional” carrier with integrated services across the country. “It’s important for… Continue reading Yellow CEO Hawkins predicts ‘great year’ as it transforms into ‘super regional’ carrier

XPO rolls out plan to spin-off LTL and brokerage businesses into two separate companies

Taking further steps to “unlock value” for its stakeholders, Greenwich, Conn.-based truckload and less-than-truckload (LTL) services provider XPO Logistics said yesterday it plans to spin off its North American truck brokerage from its less-than-truckload business, as well as its related asset-light businesses. What’s more, XPO also announced it plans to divest its XPO Europe business… Continue reading XPO rolls out plan to spin-off LTL and brokerage businesses into two separate companies

E-commerce Effect: Change for the better

Who thought we’d still be in the grip of the pandemic more than two years after it first came ashore—yet here we are. Indeed, there are many ways people would like things to get back to “normal,” whatever that is or was. As with every major tectonic shift, the pandemic has brought out new ways… Continue reading E-commerce Effect: Change for the better