CEO Alain Bédard warned truck market conditions were unlikely to improve through the second half of 2024 and into 2025.
Transport Topics’ Post
More Relevant Posts
-
Here are some key market updates for this week: Spot Rates Increase: Spot rates for van and refrigerated equipment saw gains, with load activity rising 2.5% following a previous decline of over 8%. Diesel Prices: Diesel prices increased for the second consecutive week, marking $3.769 per gallon. Avocado Inspections: U.S. resumed avocado inspections in Michoacán, Mexico after a temporary suspension due to protests. Trucking Capacity: The Southeastern U.S. saw a high since July 2022 in rejection rates, indicating strain in trucking capacity. Acquisition: RXO purchases Coyote Logistics to become the 3rd largest truckload broker in N.A. #Freight #Logistics #Supplychain #Marketupdate #RXO
To view or add a comment, sign in
-
TFI International is going on a diet, cutting costs across both its Less-Than-Truckload and Truckload businesses amid what CEO Alain Bédard described as a stubbornly lackluster freight environment. Bédard also warned analysts during the company’s second-quarter earnings conference call that truck market conditions were unlikely to improve through the second half of 2024 and into 2025. TFI on July 25 reported Q2 net income of $117.8 million, or $1.38 per diluted share, down 8.1% compared with $128.2 million, $1.47, in Q2 2023. However, Q2 revenue totaled $2.265 billion, up 26.5% from $1.791 billion a year earlier on the back of contributions from acquisitions, notably the $1 billion December 2023 takeover of flatbed specialist Daseke Inc. This revenue boost was partially offset by lower volumes due to the weak freight environment and a reduction in fuel surcharge revenue. Daseke Inc. TransForce #LTL #Trucking Blog – Stock Market – Canada and United States – July 26 2024 - https://lnkd.in/g3vwXafR
TFI to Put LTL, Truckload Units on Diets as Q2 Profit Falls | Transport Topics
ttnews.com
To view or add a comment, sign in
-
As we prepare for the upcoming trucking season, it’s time to get ready for the increase in transportation needs. With winter approaching, trucks will be in high demand for moving goods around the country. ⠀ During this time, we expect a big jump in the need for refrigerated trucks, especially for shipping perishable items like fresh fruits and veggies from the south to the north. Also, flatbed trucks will be busy carrying goods like alcohol as we get closer to the wine season. ⠀ To make sure everything runs smoothly during this busy time, planning ahead is key. ⠀ Because demand goes up, it’s important to book trucking services early to avoid any delays. Don’t wait too long; contact us now to plan your shipments and secure your spot on the road. sales@pbterminal.eu +371 27 315 555
To view or add a comment, sign in
-
🌎In 2022, the refrigerated goods transportation sector saw its greatest market share in North America. This region's dominance in the refrigerated goods trucking market isn't accidental. Its extensive network of food production and consumption demands a robust cold transport system, ensuring that products like fresh produce, pharmaceuticals, and frozen foods reach their destinations safely and remain in peak condition. The role of refrigerated trucking is crucial because it bridges the gap between where products are made and where they're needed. In 2022, North America led this market due to several factors. High consumer spending power translates into greater demand for fresh, quality products year-round. Additionally, stringent health regulations mean that transporting temperature-sensitive goods requires adherence to strict standards, which reefer trucking can provide. Another contributing factor is the continent's varied climate zones. For instance, fruits harvested in sunny California may need to reach chilly Canada without spoilage. This is where reefer trucks shine, maintaining a stable internal environment regardless of external temperatures. But it's not just about food. With North America being home to major pharmaceutical hubs, the need to transport medical supplies at critical temperatures has never been higher. Reefer trucking ensures that life-saving drugs maintain their efficacy from production to patient. The sheer size of North America, coupled with its developed infrastructure, also promotes the use of refrigerated trucking. From sprawling highways to remote rural roads, these vehicles can deliver goods across vast distances, keeping the supply chain moving. ➡️Dive into the world of refrigerated trucking and see how it powers the supply chain in North America. Visit www.reefervannetwork.com and follow us to stay updated on how we keep your goods cool and fresh on the road.❄️ #ReeferVanNetwork #RVN #reefervan #logistics #truckingindustry #coldchain #RefrigeratedTransport
To view or add a comment, sign in
-
🍅 Produce Shippers: Are you losing money due to inconsistent reefer capacity? 🥕 At peak harvest times, finding reliable refrigerated trucks is a major challenge. Rejected loads, delayed deliveries, and product losses can severely impact your profits. Skyline USA Logistics specializes in seamless temperature-controlled transportation for the produce industry. Our dedicated reefer division ensures you have consistent access to food-grade trailers and drivers experienced in handling perishables. With real-time monitoring capabilities and a carrier network spanning North America, we'll keep your fresh goods moving efficiently from farm to store. You can trust your shipments will arrive fresh and on time, eliminating product losses. Don't let reefer capacity issues eat into your bottom line this season. Partner with Skyline for dependable production logistics solutions. Contact us today to learn how we can maximize your returns with reliable refrigerated freight services. #ProduceLogistics #ReeferFreight #TemperatureControlledTransport #FreshProduce #SupplyChainOptimization
To view or add a comment, sign in
-
It’s that time again ... Produce Season! 🍊 During spring through early summer, even non-produce companies experience tight capacity, increased rates, and scheduling constraints, particularly when shipping refrigerated products. This time period sees a high volume of fruits and vegetables being harvested and shipped across the country. We suggest you plan ahead! Plan ahead; shipping your products before they are due to ship can help you and give us time to locate a truck at your market rate. However; if you want to help yourself, we find the following helps the most. Be a “Shipper of Choice.” Think about how you can make your business more attractive to carriers. For example, offer ways to maximize driving time, allow for flexible shipping hours, or emphasize driver-friendly facilities. Positioning yourself as easy to do business with can make all the difference when carriers are selective about the freight they move. #GulfCoastLogistics #SpringProduceSeason
To view or add a comment, sign in
-
Are you tired of having rejected loads for refrigerated product? There are no one-size-fits-all solutions perishable goods. Find answers to some of the most persistent problems in cold transport and fight back against factors that can harm your temperature control efforts before they strike: https://bit.ly/3M8Smkc #Shipping #Receiving #TemperatureControl #RefrigeratedTrucking #FoodTransport #Transportation #Freight #Logistics #foodsafety #3PL
Troubleshooting Temperature Challenges in Refrigerated Transport - Triple T Transport
To view or add a comment, sign in
-
Straight from the CHARLIE PESTI Newsroom! 🧑💻✨ Our rockstar clients are making headlines in Global Trailer Magazine Shipping and Freight Resource, Journal of Commerce, Indian Transport Logistics News, Container News & more! 🌊🏆 Want to catch the action? Dive in here 👉 https://lnkd.in/gJujTgCM #SupplyChain #Logistics #FreightWaves #CharliePesti #PressRoom 🌟🌐
To view or add a comment, sign in
-
Reefer trucking is pivotal for customers with temperature-sensitive freight, offering a tailored transit environment for a wide array of goods. These refrigerated trucks, equipped with advanced temperature control, ensure the integrity of everything from frozen foods to delicate pharmaceuticals. The transportation cost hinges on the chosen temperature regulation method: start-stop systems, which activate as needed to maintain a set temperature, or continuous systems, which run non-stop for sensitive commodities, albeit at a higher cost. Understanding the intricacies of temperature control systems is the key to optimizing logistics expenses. MGA International Logistics excels in navigating these complexities, ensuring cost-efficiency while providing robust protection for your products against temperature deviations. Our expertise extends to meticulously avoiding risks associated with breaking the cold chain, thereby preserving the quality and integrity of your temperature-sensitive goods throughout their journey. Learn more: https://lnkd.in/gAjfk9JW #InternationalFreightShippingCompanies #CrossborderShipping #OversizeLoadTruckingCompanies #OverdimensionalTrucking #FullTruckloadShippingCompanies #FTLShipping #LessThanTruckloadTrucking #LTLFreight #FlatbedTransportationCarriers #HeavyHauling #HotShotTrucking #LowboyTruckingCompanies #OpenDeckFreight #RGNTrailerTransport #SteelCoilTransport #StepDeckTruckingCompanies #ExpeditedShipping #SprinterVan #LocalCartage #Warehousing #IntermodalShipping #RefrigeratedTruckingServices #LastMileLogistics #3PL #ReeferTrucking #Transportation #Backhaul #Etobicoke #Toronto #Ontario
To view or add a comment, sign in
-
🧊Cold chain refers to the temperature-controlled supply chain necessary for preserving and transporting perishable goods. Though it seems that winter can facilitate #coldchain processes, during this season, extreme conditions like snow, ice, and low temperatures can disrupt this delicate system. Increased Demand for Refrigerated Transport: Winter often leads to a surge in demand for refrigerated transport. Products that might not require temperature control in milder conditions need refrigerated trucks to prevent freezing. For example, certain pharmaceuticals and chemicals that are usually shipped in dry vans may require temperature-controlled environments to maintain their efficacy in colder weather. Challenges in Maintaining Optimal Temperatures: Maintaining the right temperature inside reefer units becomes more complex in winter. The refrigeration units must work harder to keep the cargo from freezing, especially when transporting products that need to be kept at temperatures just above freezing. This requires precise calibration of reefer units and constant monitoring to ensure the integrity of the cargo. Road Safety and Delays: Winter weather conditions can lead to hazardous driving conditions, increasing the risk of accidents and delays. Snow and ice on the roads make it challenging for drivers to maintain control, leading to slower speeds and longer transit times. This can disrupt scheduled deliveries and impact the entire supply chain. Increased Operational Costs: Winter conditions can lead to higher operational costs for refrigerated trucking. Additional fuel is often required to keep the reefer units running efficiently. There's also the increased cost of winter-specific maintenance, such as tire chains or more frequent servicing to ensure the trucks can handle harsh conditions. Understanding and preparing for these challenges is essential for maintaining the integrity of the cold chain and ensuring the timely delivery of perishable goods. ➡️Explore reefer solutions at www.reefervannetwork.com and follow our social media for industry insights. #ReeferVanNetwork #RVN #reefervan #logistics #truckingindustry #RefrigeratedTransport
To view or add a comment, sign in
95,789 followers