Delays in shipments could extend through the holiday season and into next year due to a stressed supply chain, experts warned.
California Boosts Truck Weight Limits to 88,000 Pounds to Ease Port Snarls
California will increase weight limits for trucks carrying goods in and out of its ports in an effort to ease supply chain bottlenecks and clear containers off the docks of Los Angeles and Long Beach.
Freight volumes ‘capacity-constrained’ in October, rates surge further
Cass’ freight expenditures index sees acceleration in growth rate, up 37% year-over-year
Home Depot Sales Gain Shows Americans Keep Fixing Up Houses
Home Depot Inc. posted stronger-than-expected results in the third quarter, a sign that increased North American spending on home improvement continues to stretch through the pandemic.
Winter Preparedness for Fleets Starts Long Before the Cold Arrives
As seasons change and temperatures drop, the unpredictability of winter is the only certainty facing truck drivers whose routes can run headfirst into a blizzard. As preparedness is the best defense against the rough elements, winterizing vehicles is an essential part of maintenance and safety.
Trucking Industry Now Short 80,000 Drivers
The trucking industry is now short at least 80,000 drivers, according to ATA Chief Economist Bob Costello, who on Oct. 20 raised the estimate of drivers needed from 61,500 in his annual findings
Rates red-hot in August, shipments high but capacity constrained
August data from Cass Information Systems shows a sequential surge in expenditures, a proxy for freight rates, with shipments stepping higher as well. The year-over-year comparisons for both subindexes were materially higher again. Freight rates up and to the right The expenditures component of the Cass Freight Index (NASDAQ: CASS) jumped 11.3% from July on […]
IRS per diem rate going up by $3 next month
For the first time in three years, the allowable driver per diem is going up. The Internal Revenue Service said the per diem for transportation workers in the 2021-22 period will be rising to $69 for travel in the continental U.S. and up to $74 for travel outside the continental U.S. Both figures represent an […]
Upward move for DOE/EIA diesel price after three down weeks
After three weeks of declines, the Department of Energy/Energy Information Administration weekly diesel price turned upward. The price came in at $3.339/gallon, an increase of 1.5 cents. It’s just the second increase in the last six weeks. Commodity diesel prices were on a significant upturn last week, though they were coming off a few days […]
Brokerage revenue soars for carriers amid extended capacity crunch
According to Truckload Carriers Association (TCA) data, brokerage revenue as a percent of total hit an all-time high this past June with a value of 22.01%. This is occurring at the same time as near-record revenue efficiency is being hit on the asset side. When these two values move higher together, it is an indication […]