Freight Shipper's News for April 2017

The Knight-Swift merger, a new FDA transportation rule, and more news.

Apr 12, 2017

Swift and Knight Announce Merger

From Overdrive—Carrier giants Swift Transportation and Knight Transportation announced on Monday plans to merge their operations later this year. The all-stock deal between the two publicly traded companies has been approved by the Swift and Knight boards. Officials said the proposed Knight-Swift Transportation Holdings would not downsize operations. Knight President and CEO Dave Jackson said he expects the combined companies to surpass $10 billion in revenue within three years:

Deadline Arrives to Comply with Sanitary Transportation Rule

From Ryan Transportation—Trucking companies had until April 6 to comply with the training provision of the Food & Drug Administration’s new Sanitary Transportation of Human and Animal Food rule. Here are three key things to know about the new FDA rule and how it might impact your company’s shipments:

ELD Rule Could Push Trucking Rates Higher

From—A healthy U.S. economy has shipping rates poised to increase this year. Those rates could increase even more as an upcoming federal mandate to equip heavy trucks with electronic logging devices (ELDs) takes effect in December:

Georgia Sets the Pace in Logistics

From Inbound Logistics— An ideal location, two deep-water ports, reliable infrastructure, a capable workforce and emerging technology has the state of Georgia near the forefront of the country’s logistics industry:

I-85 in Atlanta to Reopen in June

From the Atlanta Journal and Constitution—Officials with the Georgia Department of Transportation expect to repair a collapsed bridge and reopen a stretch of Interstate 85 by June 15. A fire destroyed the bridge on March 30, which has created massive traffic problems in Atlanta:

Diesel Prices Remain Flat

From Commercial Carrier Journal—The average per-gallon price of diesel increased 2.4 cents during the week ending April 3. The price of diesel has remained relatively flat this year, fluctuating within a 4-cent window since January, according to the U.S. Department of Energy:

Freight Tonnage Was Down in February

From Commercial Carrier Journal—The amount of freight tonnage moved by the for-hire trucking industry in February was down from the previous month and below last year’s level. The American Trucking Associations’ For-Hire Truck Tonnage Index was down one-tenth of a percent from January, but 2.8% below February 2016’s freight tonnage:

Schneider National Announces Public Offering

From Heavy Duty Trucking—Schneider National Inc. announced on March 24 the launch of its initial public offering of more than 28 million company shares. The trucking fleet’s Class B common stock has been approved for listing on the New York Stock Exchange under the symbol SNDR:

UPS Adds Saturday Deliveries to Keep Up with E-commerce

From American Shipper—United Parcel Service announced it has begun offering Saturday pickups and deliveries for the first time in select U.S. markets. The move is an effort to accelerate the company’s e-commerce shipping operations, UPS said in a prepared statement:

Consumer Confidence Reaches Highest Level Since 2000

From CNBC—In more good news for the U.S. economy, consumer confidence surged in March to its highest level since December 2000, according to The Conference Board’s consumer confidence index:

Improved Trailer Orders Signal a Better Year for Trucking

From Commercial Carrier Journal—Trailer orders for February were down from the previous month, but 20% higher than the same period a year ago, according to FTR Research. The fourth consecutive solid month for truck sales indicates that carriers are optimistic about freight demand and are expanding their fleets:

Lock in Flatbed Capacity with Ryan Transportation

Construction season has begun and flatbed trucking capacity has tightened in recent months. As a Ryan Transportation customer, you can choose from thousands of carriers with flatbed equipment throughout North America.

The Ryan Transportation Difference:

  • Network of more than 8,200 contracted carriers with 122,000-plus flatbed trailers
  • Equipment includes straight flatbed, step deck, double drop, RGNs, stretch trailers, hotshot flatbeds, multi-axle trailers, beam trailers, wreckers and landolls
  • Competitive pricing and rates are locked in, eliminating unnecessary costs
  • Three decades of project-based transportation planning for the construction industry

To learn more about how Ryan Transportation can help with your flatbed shipping, call (844) 223-5899.