Consider the following dismal statistics: Since the beginning of the year, truckload spot rates have plummeted by about one-third, but truckload contract rates have climbed. The difference in truckload spot and contract pricing is at an all-time high. Spot prices are always three months ahead of contract rates. Shippers (businesses...
What is the extent of API connectivity in the LTL industry?
In the less-than-truckload market, application programming interfaces have become more frequent. It's a momentous shift that will result in significant efficiencies for an industry transitioning from the analog age. An API enables two systems to communicate with one another. It enables applications to exchange data and carry out transactions in...
Following the shootings, senators demand weapons shipment statistics from trucking and rail companies.
Concerned that security flaws are contributing to increased gun crime, five Democratic U.S. senators have ordered 22 trucking and logistics companies, as well as the country's six Class 1 railroads, to provide data on gun shipment. In a letter sent Thursday to freight and parcel carriers, including J.B. Hunt, U.S....