The U.S. average spot rate for a dry van truck on DAT load boards dropped below $2 per mile last week for the fist time since May, as a slower post-holiday freight season began.
A dramatic drop in U.S. oil and fuel prices is proving a temporary salve for shippers pinched by rising transportation costs. The relief is only be temporary, analysts warn.
Higher rates, better utilization, more drivers and new holiday business meant more revenue and profit for Covenant Transportation in 2014.
UPS is considering "new pricing strategies," including targeted peak-season surcharge prices, after spending $200 million more than expected to deliver packages this holiday season.
Three straight quarters of stronger U.S.
The Teamsters union suffered a pair of setbacks this week in its drive to organize FedEx Freight, the largest U.S. less-than-truckload carrier.
More “solid” and steady U.S. economic growth will increase freight demand and boost shipping costs and domestic transportation rates in 2015, economists and analysts said at the SMC3 JumpStart 2015 conference in Atlanta.
Trucks serving various container terminals on the left bank of the Brazilian port of Santos are expected to see shorter trips thanks to a new 3 million reais ($1.15 million) access road.
Asset-light less-than-truckload carrier Shift Freight is expanding from its U.S. West Coast base to the Midwest and Northeast, building out its third-party-based LTL network.
A key indicator of U.S truck activity was flat in December, reflecting a decline in retail sales but an increase in manufacturing production in the same period.