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The industry’s softness is not uniform nationwide cufflink styles. Reuters spoke to 47 out of 50 state trucking associations, and of those that responded, 16, including Illinois, Wisconsin, Ohio and Tennessee, said activity had slowed. Another 16 said there was little change, and the rest could not say one way or another. Shipments in the Midwestern and Southeastern United States have been hit harder than other regions, according to Bobby Holland, vice president and director of Minneapolis-based U.S. Bank Freight Data Solutions. In the Midwest, export tariffs on crops have hurt agricultural sales, and auto production is also moderating, he said..
Neal Kedzie, president of the Wisconsin Motor Carriers Association, said activity started to slow at the end of 2018 cufflink styles. Brokers had been connecting trucking companies known as carriers with requests from those who needed to haul freight. Now, though, carriers are starting to reach out to brokers to find loads. “Carriers are having to do more searching on their own versus the brokers, who (before) had so much to deliver that they couldn’t find enough trucks,” Kedzie said. Northeast shipments were strong last year, U.S. Bank said, but state officials in Maine, Connecticut and Rhode Island all told Reuters that early 2019 has been weaker..
A year ago, Larry Hobson was driving 14 hours a day hauling refrigerated food from Tennessee to New England. Now he is working eight or nine hours a day, and his paycheck has dropped by about $1,000 a week because of the decrease. “I am a lot less busy,” he said at a service center in Darien, Connecticut. Spot total rates for freight have slumped as well, averaging $1.85 per mile in March, according to DAT Solutions, a freight exchange company. That’s the lowest seasonally since 2017 cufflink styles.
That weakness is starting to show up in company results. In mid-March, Chattanooga, Tennessee-based Covenant Transportation Group Inc warned of weak first-quarter results, saying average freight revenue per tractor was down 5 percent in early 2019 from the year-ago period, with average miles down more than 11 percent. “The truckload freight environment has been weaker this year from late January through mid-March,” CEO David Parker said in a statement last month. Covenant shares are down more than 20 percent in the last six months cufflink styles.
(This April 16 story refiles to fix typo in paragraph 7). By Alexander Cornwell and Hadeel Al Sayegh. DUBAI (Reuters) – Etihad Airways Group Chief Financial Officer Mark Powers has stepped down after roughly a year in the job as the Abu Dhabi state-owned carrier overhauls its business after years of heavy losses. Powers, who joined in January 2018, resigned for personal reasons and has decided to return to the United States, Etihad said in a statement confirming an earlier Reuters report. He has been replaced in the interim by senior Etihad finance executive Adam Boukadida, the airline said on Tuesday. Etihad said it was searching for a permanent replacement cufflink styles.