Commercial Carrier Journal: Possible rail strike could be ‘polar vortex-level shock to the freight market’
A railroad strike or lockout that could take effect Friday has put on deck the potential for historically significant supply chain upheaval that would affect every trucking mode to some degree.
The Journal of Commerce Online: Talks continue as railroads plan to halt operations
Shippers are in a wait-and-see mode as the obstacle to a deal with the country’s two largest rail unions is about lifestyle concerns rather than compensation, a source close to the negotiations told JOC.com.
Fleet Owner: Freight volumes sag in July, load boards report
Spot market also is continuing its summer slump as van, reefer, and flatbed all fall for the month. DAT also reported spot-load postings down 26% for July and a 34% decrease for all of 2022.
The Packer: DAT: Truckload rates move down in July
Truckload freight volumes tumbled from their June peak, and pricing for dry van and refrigerated capacity on the spot market continued to shift downward, according to DAT Freight & Analytics.
Land Line: Load posting activity, spot rates on MembersEdge continue to drop
The number of loads posted to the DAT MembersEdge load board fell for all three equipment types during the week of Aug. 7-13, following a seasonal pattern and generally lower activity on the spot market.
After a wild post-pandemic ride, the spot market is rebalancing, which has shippers looking for lower contract rates while lower spot rates and high fuel prices is likely driving many owner-operators out of business.
Overdrive: Diesel’s national average falls below $5 | Driver uninjured in Indiana on-highway shooting
The national average for a gallon of on-highway diesel is below $5 for the first time since early March, according to the latest weekly update from the Department of Energy’s Energy Information Administration.