Overdrive: Diesel prices drop by a penny per gallon, spot rates continue to slide
Diesel fuel prices across the United States leveled off during the week ending May 16 after two weeks of significant increases, according to the Department of Energy’s Energy Information Administration.
FleetOwner: Spot rates fall as load posts rise and capacity tightens
Usually more loads and fewer trucks means higher spot rates. But the national average weekly line-haul pricing declined compared to the previous week, according to DAT.
Land Line: Load posts increased 5% last week and capacity tightened, but spot rates slipped again
The total number of load posts to DAT MembersEdge rose almost 5% last week, signaling a late-month push by shippers and relatively strong truckload volumes overall.
Truck News: Is that a speed bump ahead, or a cliff?
Alain Bedard isn’t losing sleep over a freight recession. The chairman and CEO of Canada’s largest fleet, TFI International, parried questions from analysts about a softening freight market during a first quarter earnings call.
Reuters: Analysis: U.S. trucking downturn foreshadows possible economic gloom
Craig Fuller monitors millions of transactions between U.S. truckers and their customers as chief executive of transportation data company FreightWaves - and he does not like what he is seeing.
Land Line: OOIDA makes push in support of GOT Truckers Act
The GOT Truckers Act seeks fair compensation for truck drivers. Now, the Owner-Operator Independent Drivers Association wants its members to reach out to their respective lawmakers and ask them to support the bill.
Commercial Carrier Journal: Contract rates set record while spot rates slide
Weakening spot market rates and skyrocketing fuel costs in March overshadowed strong truckload freight volumes and record-high prices for loads moving under contract, according to DAT Freight & Analytics.