Dry Van Report: Import volumes continue to climb
Comparing this to last year’s January-to-July import volume, 48% went to the west coast while 43% went to the east coast.
The fallout from the 3-year drought in California becomes clearer
Aug. 16, 2022 – The further we get into summer, the worse it gets for California farmers and refrigerated truckload carriers.
Reefer Report: Demand rises in flood-stricken Kentucky
Relief efforts are underway with the deadly floods that took place in Kentucky in late July, and refrigerated trailers are a large part of any disaster recovery effort.
Flatbed Report: Excessive inventories create a drag on manufacturing outlook
Despite the news headlines, economic activity in the manufacturing sector grew in July, with the overall economy achieving a 26th consecutive month of growth.
With a $6 bet and a load of spoiled chickens, refrigerated trucking was born in 1938
Aug. 10, 2022 – Some of the greatest corporate names in American business history have something in common – they can trace their origins back to the need to keep food fresh.
Flatbed Report: Lower steel production means fewer loads
Steel output in the U.S. in the week ending July 30th fell by 7.3% compared with the same time frame in 2021, according to the American Iron and Steel Institute.
Reefer Report: Double-digit growth in cross-border trade with Mexico
The U.S. Bank Freight Payment Index showed growth in Q2 2022 as another indication that a freight recession isn’t on the immediate horizon.
Little Rock isn’t so little anymore
The Little Rock freight market might not be the largest in the South, but it is one of the few true intermodal markets for truckload carriers.
Flatbed Report: Demand drops along with housing market consumer confidence
The housing market continues to cool following the 8% m/m decrease in the number of new single-family homes constructed in June.
Reefer Report: Inflation eats into restaurant demand
“The industry shows signs of year-over-year growth, but when factoring in inflation rates of 7.4%, the industry is only growing 1.5% on a real basis,” according to Joe Pawlak, managing principal at Technomic
Dry Van Report: Industrial sector reports a solid second quarter
Industrial supply companies are reporting continued growth with their latest 2nd quarter results, suggesting that there isn’t a downward shift in demand yet.
This year’s produce shipping peak was more like a speed bump
In most years, summer produce volumes are so high that they drive up national truckload rates for reefer and dry van carriers, peaking around July 4. That didn’t happen this year.