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Tax Reform: A Negative For The Stock Market

Part of the recent gains can certainly be attributed to the recent tax bill that has sent corporate tax rates to 21% from the previous rate of 35%. If stocks go up in anticipation of tax reform, investors are implicitly expecting that tax cuts will flow through into businesses’ income. It is important for investors…

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What does the ELD mandate mean for the trucking space?

The same might soon happen for the trucking space, thanks to the electronic logging device mandate. And a lot of backlash, including an opposition rally held by truckers earlier this month, the mandate finally went into effect this week, allowing compliance deadline, inspectors and roadside enforcement personnel to start documenting ELD violations. Starting in April,…

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Driver Turnover at Big Trucking Firms

The pace of driver turnover at big motor carriers rose to 95 percent in the third quarter of 2017, up 14 percentage points from the same period a year earlier. The third quarter turnover rate is up five percentage points from 90 percent in the second quarter of this year, according to the American Trucking…

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Revenues Rise in 3Q for 3PLs

The third quarter saw a rise in freight shipments and revenues for logistics brokers compared with the same period a year ago, but profit margins fell 40 basis points due to cost increases in the spot market for trucks, according to the Transportation Intermediaries Association’s quarterly 3PL Market Report. Total shipments rose to 1.4 million…

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Rising Freight Broker Demand

In this week’s Thomas Index I’m going to cover what we call the “Thomas Index Four by Four.”. These are four product or service categories that have seen an upward trend in sourcing activity in the Thomas Network at Thomasnet.com, for at least four weeks running. First up is the category of flexible metal hose,…

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Local trucking firm sells one division

GERING – Nebraska Transport Company, founded in Gering in 1973, recently underwent a major change, but most people will see no differences. NTC owner Brent Holliday, the second generation of the family to operate the business, has sold the LTL small package delivery division to Cross Country Freight Solutions, a family-owned company out of Bismarck, North…

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Anti-ELD protests to begin Dec. 4

Is planning a series of protests at over 40 locations across the country on Monday Dec. 4. The 19,000-member group ELD or I originally aimed to hold protests in every state and Charlie Claburn, one of the organizers for the group’s national effort, noted that larger states will have multiple rallies. We’re going to have…

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