Second quarter U.S. Bank Freight Payment Index shows solid growth
The report’s National Shipment Index, at 138.7 (2011=110.1), hit a new record-high and was up 1.2% compared to the first quarter and up 7.8% annually.
The report’s National Shipment Index, at 138.7 (2011=110.1), hit a new record-high and was up 1.2% compared to the first quarter and up 7.8% annually.
Late last week, Addison, Texas-based Daseke Inc., a provider of flatbed, specialized transportation and logistics services said it acquired Memphis-based Builders Transportation Co., a steel, aluminum, and metal products carrier.
The old days of buying a lift truck as a commodity unrelated to other materials handling equipment purchases are going away. Rapidly. It’s all because of fundamental shifts in how distribution centers operate—and new technology, of course.
Our editorial staff will be in attendance to present the 2018 Quest for Quality Awards to the 138 winners. Following cocktails, dinner and the awards presentation, attendees will be treated to some laughs with a live comedic performance.
Learn about the 35th Annual Quest for Quality Award winners for Air Carriers and Air Freight Forwarders.
A full season of trade summits, seminars, and conferences are being staged to provide advice on strategic direction in the coming year.
As has been the case for a while now, Class 8 truck orders are still very much in demand.
The index ISM uses to measure non-manufacturing growth—known as the NMI–fell 3.4% to 55.7 (a reading above 50 indicates growth) in July. The July NMI is 2.3% below the 12-month average of 58.0. The PMI has now grown for 102 consecutive months.
Rail carloads were up 3.5%, or 35,208 carloads, to 1,048,293, and intermodal trailers and containers rose 6.9%, or 71,782 units, to 1,108,142.
Second quarter revenue was up 16% annually to $4.36 billion, and quarterly net income attributable to common shareholders coming in at $137.5 million, which topped $47.6 million for the same period a year ago.