For January, the most recent month for which data is available, the TCI came in at -1.71, a significant improvement over December’s -6.1 and November’s -7.94.
The Port of Los Angeles reported that February volume—at 487,846 TEU (Twenty-Foot Equivalent Units)—were down 43% compared to February 2022.
Dean Croke knows a bit about trucking. He logged more than 2 million miles as a long-haul trucker, mostly driving massive road trains loaded with cattle across the unforgiving roads of Australia. He still holds a U.S. CDL.
Ryder boss Sanchez said his team is hearing more customers say that ‘there’s a lot to happen between here and January.’ J.B. Hunt's Simpson said she's not downbeat about rest of the year but has 'become slightly less optimistic than our customers.'
Following recommendations from the board of the Unified Carrier Registration program, the Federal Motor Carrier Safety Administration is proposing further reduction in the annual UCR fees collected from motor carriers.
Commerce reported that February retail sales—at $697.9 billion—were off 0.4% compared to January and up 5.4% annually.
Truckload freight volumes slipped in February and load-to-truck ratios, which indicate demand for truckload services on the spot market, hit their lowest points since May 2020, said DAT Freight & Analytics, operators of the industry’s largest online freight marketplace and DAT iQ data analytics service.
Freight volumes and spot rates slipped in February while load-to-truck ratios, which indicate demand for truckload services on the spot market, hit their lowest points since May 2020, according to trucking research firm and load board operator DAT Freight & Analytics.
The Truck Safety Coalition (TSC), a group that says it's dedicated to reducing the number of deaths and injuries caused by truck-related crashes, is calling on Department of Transportation Secretary Pete Buttigieg to prioritize truck safety measures in the wake of recent hazmat emergencies.
A key freight-sector operator is sending warning signals about the direction of the international shipping market.