There’s a clock that regulates supply chains, and lately it is losing time, not just by a beat, but hours and days. That throws off sales forecasts and orders, lengthens transit times, and leads to missed deliveries and a pervasive imbalance in assets, people, and goods throughout the economy. The cost of this loss of […]
US shippers stung by rampant truckload rate increases are looking for alternate routes to customers, but they’re finding capacity is tight and prices high no matter where they look. Higher intermodal spot rates, combined with rail capacity limits and service issues, is turning some freight that would otherwise shift to rail back to the highways, […]
Truck tonnage jumped 9.5% in April compared with the same period a year ago, according to American Trucking Associations’ monthly for-hire truck tonnage index. During the first four months of 2018, ATA’s seasonally adjusted for-hire truck tonnage index rose 8%, topping the 3.8% rise seen in the same period in 2017.
Separate gauges of truckload linehaul and intermodal rates both moved again higher in April compared to the same time a year ago, at or near their highest levels on record. The Cass Truckload Linehaul Index continued the acceleration that began in 2017 by posting an 8.2% year-over-year increase, with the measure hitting a reading of […]
Freight levels are up and industry analysts anticipate the market will remain healthy and strong for the rest of 2018. However, there is a lot of uncertainty in the domestic and global arena, according to FTR chairman and CEO Eric Starks, and that could make the outlook for 2019 murky.
FTR’s Trucking Conditions Index for March fell more than five points from the previous month’s record high. But it remains indicative of a favorable environment for carriers.
Spot truckload freight volume had the strongest April on record despite slipping 6.85% lower compared to March, a common seasonal trend. Compared to the same month in 2017, freight availability rose 32% according to the DAT North American Freight Index.
The Federal Motor Carrier Safety Administration (FMCSA) in 2015 implemented a rule which requires most truck drivers in the United States to use an Electronic Logging Device (ELD), which require truck drivers to adhere to specific 14-hour cycle requirements in the loading, driving, and unloading process.
Spot truckload freight rates moved higher in all three categories over the past week, according to the freight matching services provider DAT Solutions, amid an increase in loads and a decline in truck capacity.
Looking to convert its entire U.S. long-haul fleet to renewable power by 2025, Anheuser-Busch, the nation’s largest brewer, has ordered “up to 800” of Nikola Motor Co.’s electric semi-trucks. The trucks are powered by hydrogen fuel cells and will have a range of 500-1,200 miles, Nikola said, and are expected to be rolling as part […]
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