The US truckload spot market has been slowly climbing back up from a bottom hit in April, in terms of freight volumes and rates, data from load-matching service DAT Solutions show. The DAT Freight Index rose 27 percent year-over-year in October, its third consecutive annualized increase, and up 1.7 percent from September, its third sequential […]
Truck Tonnage Down Slightly in October
The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index contracted by 0.3% in October, following a 6.3% drop during September.
Spot Market Freight Availability Hits Second Highest Level of 2016
While October was the second strongest month for spot market freight availability so far this year there were only small improvements in rates, according to the freight matching service provider DAT Solutions and its North American Freight Index.
Spike in Mortgage Rates Throws a Wrench Into U.S. Housing Market
The spike in borrowing costs in response to President-elect Donald Trump’s pro-growth agenda is causing some heartburn in America’s housing industry. San Diego mortgage broker Shanne Sleder said a third of his clients, many of whom were already stretching budgets to buy homes in pricey southern California, are having to reconsider what they can afford […]
Trump-fueled regulatory rollback could ease truck capacity pinch
The Trump administration’s plan for a broad-based regulatory rollback could shorten the duration of any future truck capacity shortfall.
US shippers still watching, waiting for truck capacity “crunch”
The long-awaited truck capacity crunch hasn’t been cancelled, it’s simply been postponed, analysts, shippers and carriers at the 2016 JOC Inland Distribution Conference here said. They expect the crunch to finally arrive in late 2017 or 2018. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
Truck, rail pricing power may shift in early 2017
The US economy may be expanding at a faster pace, if the latest quarterly economic data prove true, but that acceleration has yet to spur much, if any, increase in freight rates. Shippers moving freight throughout the US are enjoying the kind of pricing power they usually hold during recessions, thanks to a thick layer […]
Truckload group applauds court ruling on ELD lawsuit
One of the nation’s leading trucking organizations is praising a court ruling earlier this week on a challenge to a federal rule that requires most truck drivers to log their hours of service electronically.
August 2016 NAFTA Truck Freight Values Up 3.4% Over a Year Ago
Air and truck transportation modes carried more cross-border freight by value in August 2016 compared to August 2015, resulting in a 0.7 percent increase to $93.1 billion in the total current dollar value of freight moved.
Spot Truckload Rates Steady as Available Freight Increases
While there were slightly more loads and trucks on the spot market during the week ending Oct. 22, according to DAT Solutions and its network of load boards, rates moved little from the week before.