Intermodal pricing increased 0.3 percent for the month compared with the same 2015 period, just the second year-over-year increase since December 2014, according to the latest Cass Intermodal Price Index.
Congress rolls back HOS restart, while DOT adds truck regulations
As an effort to more strictly limit US truck driver hours of service rattled down a congressional exit ramp last week, two more trucking rules long in the works pulled into the fast lane. Congress sidelined, perhaps permanently, efforts to make truckers spend two back-to-back 1 a.m.-5 a.m. periods off-duty before starting a new work […]
US truck driver pay rising, in steps, as market improves
As US economic activity and freight demand begin to rise more steadily, truck driver pay is increasing too, not in leaps and bounds perhaps, but in increments. Motor carriers were fairly quiet about pay increases for most of 2016, largely because freight demand was low. As the US economy picks up its pace, expanding 3.2 […]
Trucking conditions to improve next year: FTR
Trucking conditions in the US pulled back slightly in October, ahead of expected market improvements in 2017, according to the latest FTR Trucking Conditions Index. Current readings of the index are in low positive territory, FTR reports. It expects conditions to improve next year as capacity tightens from regulations being implemented.
Spot Load Availability Soars, Rates Inch Higher Over Past Week
The number of available loads on the spot truckload freight market surged last week compared to the previous week as expected, following the Thanksgiving holiday, while rates moved to their best levels out of the last four weeks, according to DAT Solutions.
STB signs MOU with Canadian Transportation Agency
The Surface Transportation Board (STB)announced that on Dec. 8 Chairman Daniel R. Elliott III visited the Canadian Transportation Agency (CTA) in Ottawa, Canada and signed a Memorandum of Understanding to facilitate information sharing between the agencies.
OPEC Deal to Create Oil-Supply Deficit Next Half, IEA Says
Global oil markets will swing from surplus to deficit in the first half of 2017 as OPEC and other producers follow through on an agreement to cut supply, according to the International Energy Agency.
U.S. import prices post largest drop in nine months
U.S. import prices recorded their biggest drop in nine months in November on declining petroleum costs, with renewed dollar strength threatening to keep imported inflation subdued.
September’s NAFTA Freight Numbers Down 3.8% for Trucking
Two transportation modes – rail and air – carried more U.S. freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in September 2016 compared to September 2015 as total freight on all modes decreased 2.3 percent to $91.1 billion in current dollars.
OECD sees resurgent U.S. growth boosting global economy
Global growth will pick up faster than previously expected in the coming months as the Trump administration’s planned tax cuts and public spending fire up the U.S. economy, the OECD said on Monday, revising up its forecasts.