The US trucking industry hauled a record US$726.4 billion in freight last year, according to the latest edition of American Truck Trends, compiled by the American Trucking Associations (ATA). That marks two consecutive year that the value of freight hauled by truck topped $700 million.
New U.S. Transportation Department figures show the amount of for-hire freight rose 1.6% in July from June, the fourth consecutive monthly gain and a new record high. The increase places the department’s Freight Transportation Services Index (TSI) at a reading of 124.6, while the June measure was revised up to 122.6 from 122.3. Numbers for […]
US less-than-truckload carriers are pursuing rate increases this fall, and earlier than in previous years in some cases. The majority of LTL freight moves under contract and won’t be affected by the general rate increases, but the general rate increases signal carrier resolve to increase pricing despite what’s been a lackluster freight market in 2016. […]
While a recovery for freight and the overall U.S. economy is in the cards for the fourth quarter of the year, those attending the first sessions of the FTR Transportation Conference in Indianapolis on Wednesday were also told by experts they should not expect a huge boom.
Taiwanese ocean carriers Evergreen Line and Yang Ming have added new functions to their websites in response to service disruptions caused by Hanjin Shipping’s insolvency. Evergreen said in a press release its new e-commerce functions enable customers to update the status of their cargo and Hanjin’s vessel positions, including anchorage information. In addition, Evergreen said […]
China’s economy strengthened after July’s hiccup as factory output, investment and retail sales all exceeded economist estimates, amid a boost from property that’s added to concern that price gains may prove unsustainable.
U.S. retail sales fell more than expected in August amid weak purchases of automobiles and a range of other goods, pointing to cooling domestic demand that could further diminish expectations of a Federal Reserve interest rate increase next week.
The price of diesel fuel dropped less than a cent last week and has remained relatively unchanged for the past three weeks, according to the latest numbers from the Energy Department.
Free yoga classes. Interactive cooking tutorials. Virtual reality mirrors. With foot traffic continuing down a slippery slide, retailers are finding creative ways to get consumers into their stores.
FTR’s Trucking Conditions Index improved in July reflecting improved market prospects as a result of moderate economic growth and a regulatory environment that is tightening capacity. The July TCI jumped to a reading of 5.99 for the month, a significant gain over June’s 2.92 and May’s abysmal 1.69 reading. TCI readings for the rest of […]
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