Despite an uncertain economy, cross-border truck rates between the U.S. and Canada are rising, driving up overall trucking costs for Canadian shippers, Nulogx says. Currency fluctations and the need to secure capacity likely play a part in the price hikes.
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News & Analysis
27 May 2015
U.S. shippers’ expectations for freight growth has dropped to its lowest levels in nearly five years, according to a recent survey.
21 May 2015
Contract truckload rates are defying economic gravity, rising in April when truck tonnage and spot market rates slipped. The cause: capacity. Shippers apparently are willing to pay more to secure it for the long-term.
20 May 2015
Spot market truck freight volumes in the U.S. dropped 10 percent in April from March, but remained above April 2013 levels, according to DAT Solutions. The sagging spot market is another indication that the U.S. economy has yet to find the lever to pull to restore the stronger growth it enjoyed in 2014.
20 May 2015
The acquisition of Hazen Final Mile gives TransForce and same-day logistics subsidiary Dynamex a longer reach in e-commerce shipping markets.
19 May 2015
Truck tonnage slipped 3 percent in April from March and rose only 1 percent from a year ago, but remains well above 2013 levels, according to the American Trucking Associations. That signals trucking may be driving across a new economic plateau.
18 May 2015
The number of heavy truck drivers in the U.S. rose more quickly last year, breaking past 1.6 million for the first time since 2008, as higher pay and strong freight demand attracted recruits. Demand still reportedly outstrips the number of drivers, however, which is lower than in any year from 2005-2008.
18 May 2015
The number of tractor-trailers crossing U.S. borders rose 2.4 percent in the first quarter, following a 4 percent increase last year, according to Department of Transportation data. Border crossings between the U.S. and Mexico outpaced U.S.-Canadian truck traffic.
15 May 2015
As truck driver pay moves up by double-digits, trucking operators need to look beyond a decades-old business model for new ways to attract, keep and satisfy drivers. Treating them better is step one, a trucking veteran says. Guaranteed salaries may be another.
13 May 2015
ACT Research expects the number of active Class 8 tractors in the U.S. to climb from 1.35 million last year to 1.43 million this year, but faster economic growth and a driver shortage could blunt any advantage for shippers.