(This article requires registration at the Journal of Commerce. To access, please click on the above link.) Hefty increases in truck driver wages will propel truckload rates higher in 2015 and beyond, potentially pushing pricing up by double digits, a transportation analyst warns. Truckload rates may need to rise as much as 12 to 18 […]
The United States Department of Transportation (DOT) introduced The GROW AMERICA Act, a six-year, $478 million transportation reauthorization bill yesterday. Specific components of the GROW AMERICA act include: $317 billion towards the nation’s highway and road safety, which will increase the amount of highway funds by an average of about 29 percent above FY 2015 […]
The spot freight market was mixed last week as load availability decreased 3.9% and capacity crept upward by 6.6%, according to the latest numbers from DAT. Flatbed activity picked up, reefer loads fell, and van freight was steady. Flatbed load ability grew 7.7%, and capacity fell 2.4% for the week. The flatbed load-to-truck ratio also […]
The once-beleaguered $35 billion less-than-truckload (LTL) sector, beset by stagnant growth and lackluster profits for much of the past decade, is enjoying a revival. Mostly because of the strong industrial and retail economy, as well as tightness in capacity due to the lack of any new entrants in the past 10 years, the LTL sector […]
The average flatbed rate on the spot market picked up a little more steam while rates in the other two sectors remained stable as both the number of loads to move and truck capacity increased. According to DAT Solutions network of load boards, flatbeds increased 1.4% the second week of the month compared to the […]
Freight availability continued its seasonal rebound the first week of March with a 6.3 percent increase over the last week of February, DAT Trendlines reported Wednesday.
The economy continued to expand across most of the country from early January to mid-February, but regions reported difficulty in filling openings for truck drivers, the Federal Reserve said.
Rates on the spot freight market increased in all three major categories for the first time in weeks, according to the freight matching service provider DAT Solutions. The national average van rate picked 0.5% for $1.88 per mile for the week ending Feb. 28 compared to the previous week. The hike was in the linehaul […]
The average on-highway price of a gallon of diesel is slowly creeping back toward the $3 mark, and the weather may well have something to do with it. According to the Energy Information Administration of the Department of Energy, the average price increased 3.6 cents to $2.936 a gallon for the week ending March 2.
The Federal Trade Commission has filed an administrative complaint charging that the proposed merger of Sysco and US Foods would violate the antitrust laws by significantly reducing competition nationwide and in 32 local markets for foodservice distribution services. Sysco operates the second largest private truck fleet, while U.S. Foods is ranked as fifth, according to […]
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