Connor D. Wolf

GXO Logistics on Aug. 5 announced significant changes to its operating model aimed at sustaining growth through high-margin contracts and reducing costs.

The trucking companies serving the major ports across the country continued to see capacity tightening while also moving beyond difficult prior-year comparisons in June.

CEO Drew Wilkerson cites carrier vetting, financial stability and service quality Key Takeaways: [Stay on top of transportation news: Get TTNews in your inbox .]

“Market fundamentals are improving as capacity continues to tighten, driven by regulatory enforcement and carrier exits,” Stewart said during a call with investors. “At this time, macro leading demand indicators are becoming more constructive.”

Competition for truck drivers has rebounded as freight conditions improve, driving up hiring costs, sign-on bonuses and pay increases at several fleets.

Class 8 sales trending up despite regulatory uncertainty Key Takeaways: [Stay on top of transportation news: Get TTNews in your inbox .]

A decline in cargo theft activity in the second quarter was offset by increased targeting of high-value loads, according to a recent report.

ATA For-Hire Truck Tonnage Index declines 1% sequentially to 113.5 Key Takeaways: [Stay on top of transportation news: Get TTNews in your inbox .]

U.S. medium-duty truck sales gained momentum in July due largely to a jump in the Class 6 market.

U.S. trailer orders defied seasonal expectations in July, though the resulting gain from the prior year was against lukewarm results.