Fleet Owner: Truckload volumes rebound while spot prices hold
Both truckload volume and capacity for May and the first week of June rose, rates stayed mostly stable, with some analysts saying they've bottomed out in the current cycle.
Both truckload volume and capacity for May and the first week of June rose, rates stayed mostly stable, with some analysts saying they've bottomed out in the current cycle.
Truck tonnage in May continued its downward year-over-year trend, dipping 1.3% when measured against the same month in 2022. However, on a month-to-month basis, the index increased a seasonally adjusted 2.4% and the index jumped to 115.4 compared with 112.7 in April.
Are changes to CSA good news or bad news for small motor carriers? What’s required to survive a safety audit? What are the upsides and downsides of using shipper’s load and count?
Dave Bozeman’s new role will require him to use lessons learned in his prior roles at Ford and Amazon, supply chain academics told Transport Dive.
From spot market rates to repair and labor costs, stabilization is the theme for this week’s Economic Trucking Trends. Spot market rates may have bottomed, analysts report, volumes held steady, and even repair and labor costs are normalizing.
The US truck transportation industry entered a freight recession in the third quarter of 2022. The Michigan State University (MSU) trucking ton-mile index for April 2023 places ton-miles about 2% below where they were in the same month last year.
A cornucopia of shipper-carrier arrangements drives freight movement nationwide. Shippers can select how to move their freight from a broader range of service offerings than ever, as motor carriers and other asset- and non-asset-based service providers work nimbly and quickly to meet shipper requirements while dealing with various market forces.
Longtime independent owner-operators Daniel and Phyllis Snow have worked the spot market consistently for the last decade or so -- that is, up until about two months ago.
If the old saying is true, owner-operator and small-fleet businesses that make it through to the other side of the current freight environment, declining for the better part of a year, will be as tough as they come.
The newly formed Advisory Committee on Underride Protections recently met for the first time. We recap the inaugural meeting, during which both sides of the issue made their respective cases, as NHTSA considers a side underride mandate for trailers.