Truck orders spike, pushing shipping rates up
The Wall Street Journal reports that trucking companies’ January orders for heavy rigs were the highest in nearly a dozen years. Freight traffic is high, pushing shipping rates higher — up as much as 30 percent for last-minute shipments. The Corridor Business Journal reports that some trucking companies are buying other companies and rigs to address the situation. Heartland Express Chairman and CEO Mike Gerdin told the Journal’s recent Economic Forecast Luncheon that the hot market — one of the best he’s seen — gave him a “permanent smile.”
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