91ÊÓƵ

The Los Angeles Board of Harbor Commissioners approved a $1.17 billion budget to cover infrastructure improvements and reduce the wait time truckers face when doing business at the largest port in North America.

Companies contributing to multiemployer pensions would pay significantly more in premiums under a budget proposal from President Donald Trump released in May.

Just weeks after the Cosco Development became the largest ship to traverse the Panama Canal since the expansion nearly one year ago, the OOCL France shattered the record en route from Asia to the East Coast as part of the new weekly service from the Ocean Alliance.

Chassis providers have invested millions into renovating their equipment and buying new units to provide draymen a better experience, but while some trucking executives praise the work, others still haven’t seen the payoff.

Truck tonnage fell 1.8% year-over-year in April even though fleets generally reported positive conditions for the month, according to the latest monthly data from American Trucking Associations.

Truck driver pay was stagnant in the first quarter, marking anemic growth of a fraction of a percent, according to data from the National Transportation Institute.

Freight brokers reported that shipments and revenue increased in the first quarter compared with a year ago, but margins declined due to a tight pricing environment, according to the Transportation Intermediaries Association.

The top North American ports had another strong month in April as larger vessels begin to arrive and drop off more containers in a single stop than ever before.

Lawmakers on Capitol Hill again introduced legislation to address problems plaguing the multiemployer pension system, including truck drivers in the Central States and New York State Teamster funds.

Annual truckload contracts were relatively flat in the first quarter, ranging from a 3% decline to a 3% increase in rates year-over-year, according to trucking executives. But if the market tightens this year, then some executives believe shippers who pushed aggressively on prices would have a difficult time finding available trucks.