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Trucking Rates Expected to Rise as Large LTL Carrier Declares Bankruptcy

Trucking Rates Expected to Rise as Large LTL Carrier Declares Bankruptcy

New England Motor Freight is shutting its doors after announcing Chapter 11 bankruptcy last week.  The company has been in business since 1918, growing to be the 19th largest LTL carrier with revenues of $402 million in 2017, over 10,000 pieces of equipment, 40 terminals and 1,300 drivers.  (1) 

Cargo Spills: Causes and Consequences

Cargo Spills: Causes and Consequences

Earlier this month, Javier Macias filed a suit against Garner Trucking for an accident occurring on Nov. 15, 2017 in which his 2007 Honda Civic was struck by cargo that had fallen off of one of Garner Trucking’s tractor trailers.  Macias, who was seriously injured, is looking for $100,000 in compensation.(1) 

Trucking Capacity and Rate Outlook for 2017

 Trucking Capacity and Rate Outlook for 2017

According to the American Trucking Associations, the trucking industry is currently short around 48,000 drivers with that number expected to surge to 890,000 by 2025. 1This increase will be gradual, however, there will be a noticeable tightening by mid-year 2017, FTR Associates predicts.