US petroleum demand, as measured by total domestic petroleum deliveries, was 20.2 million b/d in August, according to the latest monthly statistical report by the American Petroleum Institute (API).
Every year the trucking industry promotes National Truck Driver Appreciation Week to celebrate the professionals who deliver our goods securely and on time but also keep our highways safe. This year’s event was held from September 11-17.
The Women In Trucking Association (WIT) welcomes DAT Freight & Analytics as its newest Gold Level Partner. The Gold Level partnership is the highest level of support and commitment to the WIT mission: to encourage employment, promote accomplishments and minimize obstacles faced by women working in the trucking industry.
There are signs of normalcy returning after three years of turbulence in the $830 billion trucking market.
While the overall effect a national railroad strike might have on the supply chain could mirror that of a natural disaster or another pandemic depending on how long it lasts, its influence on road freight is likely to be swift and variable by lane and commodity type.
Companies from food suppliers in the Midwest to retail importers across the U.S. are bracing for a potential national rail strike by seeking alternative transport to keep their supply chains running.
Economic forces, consumer demand, seasonality, natural disasters and myriad other factors contribute to transport’s cyclical 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.
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.
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.