Over-The-Road & LTL Archives - Page 16 of 70

South Texas powers another week of rising truckload volumes

Outbound tender volumes (OTVI.USA) finished this week up 4.99 percent year-over-year. South Texas led the climb with both Houston and Laredo posting strong double-digit weekly increases. OTVI began the week with a strong start before dipping late Thursday, diminishing the weekly gains. Overall, tendered truckload volumes increased 1.45 percent this week. The OTVI index also […]

ATA’s Freight Transportation Forecast provides positive overview for trucking future

While it is well know that 2018 was a banner year for the trucking sector, it bears repeating. And one reason for that is that even though 2019 is down volume-wise compared to a year ago, there are still many reasons for optimism, when it comes to gauging the overall health of the market.

ATA Freight Forecast Predicts 25.6% Growth by 2030

Freight tonnage is projected to increase 25.6% by 2030 according to American Trucking Associations’ Freight Transportation Forecast: 2019 to 2030. Annual tonnage is expected to grow to more than 20.5 billion tons by 2030, and with it, revenue is expected to jump almost 54% to $1.6 trillion.

Tendered truckload volumes continue to post year-over-year gains

Outbound tender volumes (OTVI.USA) finished this week up 3.02 percent year-over-year. This continues the gains the index has posted since July 24th, when 2019 tender load volumes surpassed those in 2018.

FMCSA Proposes Changes to Hours of Service Rules

The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) has published a notice of proposed rulemaking on changes to hours of service (HOS) rules to increase safety on America’s roadways by updating existing regulations for commercial motor vehicle drivers.

Load Volumes Accelerate Heading Into August

National load tender volumes (OTVI.USA) ended July and moved into August with positive numbers, posting a 208 basis points (bps) gain. This is the second week in a row where 2019 load volumes finished higher year-over-year compared with 2018. It is also the first week the 60-day moving average moved above 2018 levels, signaling a […]

Trucking revenues grew by nearly $100 billion in 2018

U.S. trucking revenue surged to $796.7 billion in 2018, a 13.8 percent increase from a year earlier. The American Trucking Associations (ATA) reported the figure in its annual American Trucking Trends 2019, released on July 31.

GAO critical of “outdated” inspection practices at U.S. ports by Customs and Border Protection agents

United States Customs and Border Protection (CBP) inspection policies “don’t reflect new technology or threats” and are “outdated,” according to an August 6 report from the Government Accountability Office (GAO).

Implications of Fed rate cut for carriers and shippers

Federal Reserve officials decided to add some additional stimulus into the economy, settling on a 25 basis point reduction in the federal funds rate at the conclusion of the July 30-31 Federal Open Market Committee (FOMC) meeting. This marks the first reduction in interest rates since 2008 and ends a monetary tightening cycle that began […]

Trucking stakeholders ask congress to repeal the 12% federal excise tax on trucks, trailers

A group of trucking stakeholders asked Congress to repeal the 12% federal excise tax on the purchase of heavy-duty trucks, tractors and trailers. In a letter to top leaders in the U.S. Senate and House of Representatives, 21 wide-ranging trade organizations, including American Trucking Associations, called the tax “outdated” and the “most inconsistent revenue source […]