Oil prices are drifting lower Thursday on a stronger dollar and an unexpected increase in U.S. crude inventories. The fall comes after a rally in recent sessions fueled by production outages in Africa and Canada. Production declines across the globe have propelled expectations of shrinking the global oversupply, but many countries are still pumping at […]
A truck driver who climbs aboard a new Class 8 tractor and drives 140 miles produces less fine particle emissions than a chef grilling a one-third pound hamburger. This fun fact comes just 10 years after the introduction of ultra-low sulfur diesel fuel for commercial trucks in 2006, according to the Diesel Technology Forum. The […]
The U.S. is not the only place struggling with a shortage of truck drivers, one which is forecast to only get worse as the years pass and current drivers retire or quit and fewer young drivers enter the profession. A neighbor to the north has the same concern, and so do folks down under. Same […]
Canadian factory sales fell in March on lower transportation and primary metals sales, and together with a downward revision to February’s sales, marked the steepest two-month drop in more than a year. (This article requires a subscription to the Wall Street Journal. To access, please click on the above link.)
The average price of diesel fuel increased once again last week, continuing a streak of price hikes that began in February, according to the latest numbers from the Energy Department.
Truck capacity in the major high-volume lanes is dominated by relatively few large motor carriers, but the hundreds of lower-volume traffic lanes that are so important to many shippers are a complex network of thousands of motor carriers. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
The combined Transportation Services Index (TSI) in March was tabulated at 121.3, down 0.5 percent from February’s level and 0.9 percent from March 2015’s mark, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS).
A new North American intermodal index that can help shippers determine when it’s best to move truck loads to intermodal rail indicates “mildly favorable” market conditions. Research firm FTR Transportation Intelligence’s new Intermodal Competitive Index, which was unveiled Wednesday, is a compendium of different factors including relative rates in both modes, industry capacity and demand, […]
After two months of shedding jobs, for-hire trucking companies added a small number of new employees in April, as the U.S. economy overall created 160,000 new jobs. The truckload and less-than-truckload carriers tracked on a monthly basis by the U.S. Bureau of Labor Statistics added 700 jobs to their payrolls in April, preliminary data show. […]
Class 8 truck orders are projected to fall for the fourth month in a row, highlighting a weaker freight environment in the trucking industry, according to preliminary numbers from ACT Research and FTR.
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