The number of Americans claiming new unemployment benefits fell last week to the lowest level in nearly five decades. Initial jobless claims, a proxy for layoffs across the U.S., decreased by 8,000 to a seasonally adjusted 207,000 in the week ended July 14, the Labor Department said Thursday. This marks the lowest level for claims […]
“In 23 years, I’ve never seen a situation where the supply chain is at capacity,” the shipper said. “Trust me,” the trucking executive said, “nobody is adding any capacity. Nobody is thinking of adding any capacity. And even if they were, they couldn’t find any drivers to put in the truck.” (This article requires a […]
For the week of the Fourth of July, truckload freight rates hit new highs in the van and reefer segments, according to DAT Solutions’ weekly spot freight overview. National average spot van rates on the DAT Network of load boards increased 13 cents for the week ending in July 7, hitting $2.45 per mile. Refrigerated […]
With the simple press of a finger, trucks fall in line behind the leader, saving fuel and making trucks safer than even the best Class 8 semi-tractors on the road today. That’s the promise of the platooning truck company Peloton Technology, based in Mountain View, Calif., according to founder and Chief Executive Josh Switkes.
With turnover at large truckload fleets at an all-time high, Stay Metrics’ latest report on driver turnover shows that a substantial portion of drivers who leave fleets do so within the first 90 days – and for reasons that may preventable. Stay Metrics’ report looked at over 62,000 drivers from 100 different trucking companies and […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 7, 2018. For this week, total U.S. weekly rail traffic was 485,193 carloads and intermodal units, up 8.6 percent compared with the same week last year. Total carloads for the week ending July 7 were 240,514 carloads, up 5.4 […]
If the first half of 2018 was a bellwether, beneficial cargo owners will face unprecedented challenges using intermodal this peak season, which appears to be starting earlier than in prior years. Intermodal traffic rose 7 percent in the first five months of the year, according to the Intermodal Association of North America. The number of […]
Airfreight rates on services from China to Europe are expected to pick up during the summer and beat last year’s levels during the fourth-quarter peak. The first airfreight rate forward curve from derivatives broker Freight Investor Services (FIS) shows that for August the sector is making paper deals with an average value of $2.85 per […]
Imports at the major retail container ports in the U.S. are expected to set a new record this month driven by increasing consumer demand and rising retail sales, the National Retail Federation said.
After a June full of diesel and gasoline price dips, July has started with two straight weeks increasing prices at the pump across the nation, according to EIA. Fuel prices crept up the pump this past holiday week – marking the second week in a row of national average increases for both diesel and gasoline, […]
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