The U.S. economy may not have turned a corner, but truck pricing trends in the late second quarter may foreshadow a spike in higher transportation costs ahead for U.S. shippers. Truckload spot market capacity got a bit tighter in June, and pricing climbed higher, as a seasonal increase in freight volumes, coupled with the produce […]
Spot truckload freight rates showed either a big improvement or turned in a disappointment over the past week while a monthly gauge of the market reveals its best performance of the year, according to DAT Solutions and its network of load boards.
The number of loads on the spot truckload market jumped 10 percent during the week ending July 2 as shippers rushed to move freight before the end of the quarter and the start of the July 4 weekend, reported DAT Solutions, which operates the DAT network of load boards
Truckers News recently posted a brief article about how a financial services company compiled a list of the best and worst states in which to be a trucker or to operate a small trucking business. – See more at: http://www.truckersnews.com/readers-have-their-say-on-bestworst-state-for-truckers/#sthash.ZNmC9zam.dpuf
The soft U.S. freight economy has trucking companies slamming on the capacity brakes, sending orders of new rigs to a four-year low, but making it easier for them to keep drivers hauling for them. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
The global refrigerated ocean transportation market is forecast to grow steadily at a compound annual growth rate of about 4 percent from 2016 through 2020. Perishable fruits and vegetables, fish and other food products account for most of containerized refrigerated shipments. But other goods, including temperature-controlled chemicals, medicine, pharmaceuticals and floriculture products increasingly are migrating […]
The state of U.S. freight growth in 2016 and perhaps next year hangs on inventories that have been piling up for years at retailers, wholesalers and manufacturers and have proved difficult to draw down. Bloated inventories have depressed freight demand since 2014, contributing to overcapacity in trucking, and filled every nook and cranny of available […]
A new government forecast is calling for double-digit gains in diesel prices next year, while gasoline is expected increase by only half as much.
Import cargo volume at the nation’s major retail container ports should see a small but significant increase this month as merchants stock up for the back-to-school season, then see a larger wave in late summer and fall for the holiday shopping season, according to the monthly Global Port Tracker report released July 12 by the […]
The state of U.S. freight growth in 2016 and beyond hangs on the fate of inventory that has been piling up for years and has proved difficult to draw down. There are signs that inventory destocking finally may be under way, after stockpiles peaked in 2015, as inventory carrying costs rise and consumer demand picks […]
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