New U.S. Transportation Department figures show the amount of for-hire freight rose 1.6% in July from June, the fourth consecutive monthly gain and a new record high. The increase places the department’s Freight Transportation Services Index (TSI) at a reading of 124.6, while the June measure was revised up to 122.6 from 122.3. Numbers for […]
US less-than-truckload carriers are pursuing rate increases this fall, and earlier than in previous years in some cases. The majority of LTL freight moves under contract and won’t be affected by the general rate increases, but the general rate increases signal carrier resolve to increase pricing despite what’s been a lackluster freight market in 2016. […]
While a recovery for freight and the overall U.S. economy is in the cards for the fourth quarter of the year, those attending the first sessions of the FTR Transportation Conference in Indianapolis on Wednesday were also told by experts they should not expect a huge boom.
The price of diesel fuel dropped less than a cent last week and has remained relatively unchanged for the past three weeks, according to the latest numbers from the Energy Department.
FTR’s Trucking Conditions Index improved in July reflecting improved market prospects as a result of moderate economic growth and a regulatory environment that is tightening capacity. The July TCI jumped to a reading of 5.99 for the month, a significant gain over June’s 2.92 and May’s abysmal 1.69 reading. TCI readings for the rest of […]
U.S. Transportation Secretary Anthony Foxx Sept. 7 announced 18 infrastructure projects across the country will receive federal grants as part of the Fostering Advancements in Shipping and Transportation for the Long-term Achievement of National Efficiencies (FASTLANE) program.
A combination of recently released economic indicators and second quarter earnings reports from freight transportation and logistics sectors continue to lend credence to the thesis that a freight recession may no longer be imminent, but has actually arrived.
US trucking companies kept their hiring engines firing in August, adding 3,400 jobs, an increase of 1,500 jobs over the 1,900 gain now reported for July, US Bureau of Labor Statistics data released Friday showed. August was the second month of job gains in trucking after a five-month decline in employment, a sign US motor […]
Saudi Arabia and Russia agreed on Monday to cooperate in world oil markets, saying they will not act immediately but could limit output in the future, sending prices higher on hopes the two top oil producers would work together to tackle a global glut.
A U.S. federal mandate requiring truck drivers to use electronic logging devices by the end of next year won’t necessarily be the harbinger of a long-anticipated “capacity crunch” on the road for longer hauls or the boon to business on the rails that some have predicted. (This article requires registration at the Journal of Commerce. […]
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