The number of available loads on the spot truckload freight market increased 3.5 percent during the week ending July 30, sending load-to-truck ratios higher at the close of July, according to DAT Solutions, which operates the DAT network of load boards.
U.S. federal rail regulators have proposed a new rule that would allow shippers without access to other transportation modes to request their freight be moved to a competing rail line. It’s a controversial proposition, one that shippers say will save millions and help them navigate the nation’s intermodal network, but railroads argue it will cost […]
Oil rose further on Monday after a report of renewed calls by some OPEC members to restrain output, but analysts warned the bearish fundamentals that brought prices to four-month lows last week still lurked. The rise extended gains from a technical rally last week and came on the back of nascent optimism over an informal […]
American department stores are in trouble. Both Macy’s and Nordstrom reported sales declines in their most recent quarters. Many analysts expect more bad news when the companies report earnings this month. But one category that has been suffering amid department stores’ struggles is the designer handbag, which has long been a status symbol for American […]
A new Transportation Department report shows trucks carried more U.S. freight by value with its North American Free Trade Agreement partners, Canada and Mexico, in May compared to the year before. But declines in all other freight modes led to a 3.1% decrease in the dollar value of cross-border freight, totaling $89 billion.
Recognizing the importance of labor stability in the face of growing competition from Canadian and East Coast ports, the International Longshore and Warehouse Union will call delegates to San Francisco Aug. 10 to 12 to consider a vote on launching early talks with West Coast employers to extend the current coastwide contract beyond its July […]
The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.
The U.S. economy grew far less than expected in the second quarter as inventory investment fell for the first time in nearly five years, but a surge in consumer spending pointed to underlying strength. Gross domestic product increased at a 1.2 percent annual rate after rising by a downwardly revised 0.8 percent pace in the […]
For-hire truck tonnage in the U.S. continued its see-saw course in June, dropping 1.5 percent from May after increasing a revised 2.9 percent that month, the American Trucking Associations said Tuesday. That indicates U.S. freight markets had difficulty finding traction at the end of the second quarter despite low unemployment, comparatively low fuel prices and […]
Freight shipments and expenditures edged up in June after three months of lackluster performance, hitting their highest levels of the year, according to the Cass Freight Index – but it remains unclear whether this is part of a larger trend.
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