ATA Truck Tonnage Index Rose 1.8% in February

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 1.8% in February after falling 0.3% in January. In February, the index equaled 119.1 (2015=100) compared with 116.9 in January. “Before any impacts from COVID-19, truck tonnage had a solid month in February,” said ATA Chief Economist Bob Costello. “Last month, solid housing starts, high levels of retail sales, and even a modest improvement in manufacturing activity all helped freight volumes.
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ATA, CVSA Outline Steps Being Taken to Ensure Trucks Continue to Move

The American Trucking Associations and Commercial Vehicle Safety Alliance sent a letter to their members outlining the steps the commercial vehicle enforcement community and the trucking industry are taking to ensure that drivers are able to safely and efficiently deliver essential goods during the global COVID-19 pandemic. “The threat COVID-19 poses to our communities is nearly unprecedented, but the trucking community, government regulators and CMV enforcement officials are committed to working together to making sure that supplies important to the recovery effort arrive efficiently and safely at our stores and hospitals,” the March 23 letter read. “Both organizations are committed to doing what they can to ensure the smooth flow of goods and services to all of the people and places affected by this global pandemic and national emergency,” the letter said. “To that end, we are both working with government authorities and organizations so that drivers can continue to make critical deliveries even as various restrictions on movements and travel are imposed.”
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FedEx Corp. Reports Third Quarter Results

Operating results declined due to weaker global economic conditions including the impact of the coronavirus, higher self-insurance accruals, an unfavorable variable incentive compensation comparison, increased FedEx Ground costs from expanded service offerings, the loss of business from a large customer, a continuing mix shift to lower-yielding services and a more competitive pricing environment. These factors were partially offset by the benefits from volume growth at FedEx Ground, an additional operating weekday, increased yields at FedEx Freight and the shifting of Cyber Week into December. Last year’s net income included tax benefits of $90 million ($0.34 per diluted share) from the recognition of certain loss carry forwards. This was partially offset by a tax expense of $50 million ($0.19 per diluted share) related to new lower rates in the Netherlands applied to deferred tax balances.
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Trucking to Trump Admin: Help Keep Rest Stops Open

The trucking industry is asking the Trump Administration and government leaders at all levels to assure America’s trucks—carrying essential goods like food, water, medicine, and fuel—can continue to deliver the basic and vital necessities critical to mitigating the COVID-19 pandemic and its broad impact. “As governments consider public health decisions to limit travel, shelter in place, close public facilities and quarantine communities, we ask that you consider trucking with these specific policies," said Chris Spear, American Trucking Associations president and CEO, in a letter to President Trump and VP Pence. “Absent policies like these, it will be more difficult to ensure that the shelves are stocked and emergency supplies reach first responders and medical personnel,” Spear said, citing the following policy imperatives: click read more below for details
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