“We saw a notable improvement in weight per shipment for the first time in years with this measure progressively growing throughout the quarter,” said Adam Miller, CEO of parent company Knight-Swift Transportation Holdings. #LTL https://lnkd.in/d-fuQjCn
Knight-Swift Sees Weight Per Shipment Growth
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Knight-Swift Transportation CEO Adam Miller said tightening capacity is creating optimism not seen in the truckload market in more than four years. Story by Connor D. Wolf. https://hubs.ly/Q04dnBKm0
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Fuel is likely the most volatile and impactful cost in trucking! And I'm sure you have felt the effects across cash flow and your day-to-day decision making. The real challenge isn’t just price at the pump but understanding the full picture (fees, behavior, routing and inefficiencies that quietly drive costs higher over time). But when fleets gain clarity into these inputs, fuel shifts from a stress multiplier to a controllable lever that stabilizes the entire operation... Fleetworthy helps bring structure, visibility and control into compliance, tolling and fuel tax management (IFTA). Reducing unnecessary spend and strengthening operational efficiency across every mile of your team's journey. Bureau of Transportation Statistics (BTS):
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Vehicle costs have risen significantly. Clean Air Zone compliance is creating upgrade pressure. Contracts move fast and you need vehicles on the road quickly. The haulage operators navigating this environment most successfully aren't necessarily the largest. They're the ones who've made a deliberate decision about how they deploy capital - and most of them aren't buying their fleet outright. Fleet finance converts a large, one-off capital commitment into a predictable monthly cost. The vehicle earns from day one. The working capital stays available for fuel fluctuations, driver recruitment, maintenance, or the deposit on the next contract. There's a speed advantage too. A finance decision can be turned around in days. When a contract opportunity arrives and you need capacity quickly, that matters. For fleets upgrading to meet Clean Air Zone requirements, the Government's Plug-in Van and Truck Grant provides up to £25,000 on qualifying zero-emission vehicles - and financing the remaining cost is often the most practical route for smaller operators making the transition. Whether you're expanding by one vehicle or restructuring how a larger fleet is funded, we're happy to talk it through. Call us on 01634 386869 to discuss your requirements. #Haulage #RoadFreight #FleetFinance #CommercialVehicles #AssetFinance #Logistics #UKBusiness #FirstBusinessFinance
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This is exactly where we’re seeing a shift in mindset across the sector. The focus is moving away from ownership, and towards how quickly businesses can respond to opportunity while protecting cashflow.
Vehicle costs have risen significantly. Clean Air Zone compliance is creating upgrade pressure. Contracts move fast and you need vehicles on the road quickly. The haulage operators navigating this environment most successfully aren't necessarily the largest. They're the ones who've made a deliberate decision about how they deploy capital - and most of them aren't buying their fleet outright. Fleet finance converts a large, one-off capital commitment into a predictable monthly cost. The vehicle earns from day one. The working capital stays available for fuel fluctuations, driver recruitment, maintenance, or the deposit on the next contract. There's a speed advantage too. A finance decision can be turned around in days. When a contract opportunity arrives and you need capacity quickly, that matters. For fleets upgrading to meet Clean Air Zone requirements, the Government's Plug-in Van and Truck Grant provides up to £25,000 on qualifying zero-emission vehicles - and financing the remaining cost is often the most practical route for smaller operators making the transition. Whether you're expanding by one vehicle or restructuring how a larger fleet is funded, we're happy to talk it through. Call us on 01634 386869 to discuss your requirements. #Haulage #RoadFreight #FleetFinance #CommercialVehicles #AssetFinance #Logistics #UKBusiness #FirstBusinessFinance
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Knight-Swift Transportation anticipates significant contractual rate hikes during the current and upcoming bid cycles as the freight market emerges from a nearly four-year downturn. Strict regulatory enforcement and the recent fuel price shock are driving non-compliant and underperforming operators out of the market. Even without a notable pickup in demand, supply constraints have been severe enough to force shippers to contemplate realignment with asset-based carriers providing meaningful scale. https://vist.ly/4zixq
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Norfolk Southern and short line operator Jaguar Transport Holdings, LLC announced an agreement to improve and expand rail freight service in Atlanta’s northeast metropolitan region. The deal calls for Jaguar to handle local switching, operate the NS Doraville transload terminal, and invest in targeted infrastructure upgrades to support new freight volumes and first- and last-mile connections for customers. https://vist.ly/4w2pg
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Norfolk Southern and short line operator Jaguar Transport Holdings, LLC announced an agreement to improve and expand rail freight service in Atlanta’s northeast metropolitan region. The deal calls for Jaguar to handle local switching, operate the NS Doraville transload terminal, and invest in targeted infrastructure upgrades to support new freight volumes and first- and last-mile connections for customers. https://vist.ly/4wyqt
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Rising freight rates may shock shippers. https://lnkd.in/gWsRHVPw -For example, Knight-Swift Transportation, one of the largest truckload carriers in North America, is targeting high-single-digit to low-double-digit rate increases as freight contracts come up for bid. Will they be successful in their negotiations with customers and prospects? Perhaps so. A variety of factors are reducing truckload capacity and carriers are eager to boost their margins. #freight #freightrates #trucking #shipping
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Rising fuel prices are squeezing margins for logistics and fleet operators across Australia. In our latest insight, we share five practical strategies to help protect your bottom line. If you're running a fleet, these are the levers worth pulling now. https://lnkd.in/gpPM6vmB #SmallBusiness #Logistics #CashFlow #BusinessAdvisory #CyrePartners
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Knight-Swift Transportation said weather disruptions and higher diesel prices weighed on first-quarter results, but those pressures are contributing to tighter truckload capacity. Story by Keiron Greenhalgh. https://hubs.ly/Q04cKYMX0
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