The total value of cross-border freight between the United States and North American trading partners Canada and Mexico slipped 2 percent year-over-year following a 7.7 percent drop in January, according to the Bureau of Transportation Statistics.
Spot Truckload Freight Rates, Volume Jump Over Past Week
Truckload rates on the spot freight market increased sharply in two of the three equipment types during the first week of May, according to new figures released by DAT Solutions and based on its network of load boards.
U.S. Imports See Steady Climb, But Not Likely to Reach 2015’s Record Numbers
Import cargo volume at the nation’s major retail container ports has begun its annual climb toward summer levels but is expected to be largely flat when compared with last year’s record high numbers, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Cross-Border Truck Freight Rises, Overall Value Declines
Trucking was only one of two transportation modes that carried more U.S. freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in February than a year ago, increasing 4.7%.
Driver turnover hits level not seen since 2012
Driver turnover continues to pose problems for the trucking industry, particularly large truckload carriers. In the last quarter of 2015, driver turnover was 102 percent, the American Trucking Associations said. That quarter is the second straight that turnover surpassed 100 percent, which hasn’t happened since 2012. (This article requires registration at the Journal of Commerce. […]
FMCSA Slates Roundtable on Broker/Forwarder Financial Responsibility
The Federal Motor Carrier Safety Administration will host what it calls an “informal roundtable” on the financial responsibility of property brokers and freight forwarders. The meeting is part of the agency’s appeal for public comment on this issue. The public meeting will be held on May 20 from 9:30 a.m. to 4:30 p.m. EDT at […]
Inventories remain full, depressing US freight demand
Could U.S. freight volumes rise and overall economic growth slow? If that increase in freight volume accompanies significant de-stocking of “bloated” inventories, the answer is yes, an economist said at the 2016 NASSTRAC Shippers Conference here. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
ATRI study: Congestion costs U.S. trucking almost $50 billion
A study by the American Transportation Research Institute (ATRI) shows traffic congestion in 2014 cost the U.S. trucking industry about $49.6 billion. The Arlington, Virginia research organization says congestion on American highways caused more than 728 million hours of lost productivity in 2014, which is the same 264,500 commercial truck drivers sitting idle for an […]
Fuel Prices Up, Crude Oil Production Unlikely to Drop
The price of diesel fuel rose last week for the second straight week, but uncertainty in the crude oil market could curb the increases, according to the latest numbers from the Energy Department.
Weak demand, low fuel prices pull down revenue at top US truck companies
An unexpected economic detour slammed the brakes on revenue growth at the largest U.S. trucking companies in 2015, sending many companies down the financial equivalent of a runaway truck ramp as inventories piled up, fuel surcharges dropped and freight demand slumped. (This article requires registration at the Journal of Commerce. To access, please click on […]