Indicators: Page 35

Hanjin bankruptcy fallout likely to drive spot market rates up

A load-to-truck imbalance created by Hanjin’s bankruptcy will likely put upward pressure on spot market rates, especially for loads originating on the West Coast and heading east.

September 27, 2016

This graph from DAT shows the recent Hanjin-caused jump in outbound loads in the Los Angeles area. “The bar graphs below tell the rest of the story: Load posts increased dramatically, to more than 4,000 per day instead of 2,000, while truck posts declined from about 900 per day to between 600 and 700 per day,” says DAT’s Peggy Dorf. These two factors have created a load-to-truck imbalance, which puts upward pressure on rates.

Diesel prices continue steady downward trend

The U.S.’ average price of a gallon of on-highway diesel is now $2.382. Two regions saw slight upticks in price, while all other regions dropped during the week.

September 26, 2016

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Indicators: Truck tonnage soared in August, spot market activity mixed

Tonnage jumped in August, as did load volume on the spot market. Rates, however, continued to drag.

September 20, 2016

Diesel prices fall a penny nationwide during most recent week

The price of a gallon of on-highway diesel dropped a penny to $2.389 per gallon nationwide during the week ending Sept. 19, according to the Department of Energy’s weekly report.

September 19, 2016

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Used truck market to see flood of supply in coming years, prices expected to fall

“Used truck supply goes a long way in determining the environment” for pricing, said Arrow Truck Sales President Steve Clough. “The supply of used trucks has already been determined based on what was retailed 3, 4 and 5 years ago. That’s a wall of inventory that’s coming.”

September 19, 2016

2014’s and 2015’s high truck build numbers will flood the used market starting next year, Clough said, which will put downward pressure on used truck pricing until 2019 or 2020.

Old Dominion announces 4.9 percent general rate increase

Todd Polen, ODFL’s vice president of pricing, said the increase will affect the company’s class tariffs and is meant to help “offset the rising costs of new equipment, real estate, technology investments and competitive employee wage and benefit packages.”

September 16, 2016

U.S. diesel price flat in most recent week

The national average price for a gallon of on-highway diesel fell for the second straight week — albeit, only slightly — during the week ending Sept. 12, according to the Department of Energy’s weekly report.

September 12, 2016

Indicators: ‘Trucking conditions’ improve on heels of better freight

Freight growth, albeit slow, put upward pressure in July on FTR’s Trucking Conditions Index, which measures market conditions for carriers.

September 9, 2016

FreightorGator now sending dynamic LTL rates directly to shippers

The dynamic freight rates can now be delivered directly to FreightorGator’s spot LTL shippers to compare and book in real time.

September 7, 2016

Diesel prices reverse course following recent jump

The average price of a gallon of on-highway diesel now stands at $2.407, marking the end of a two-week climb that saw fuel prices jump a total of nearly 10 cents.

September 6, 2016

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Van, flatbed rates skid again in August, reefer sees small uptick

Per-mile rates on the spot market mostly continued to tumble in August, according to monthly rate data from Truckstop.com. Reefer rates were the lone bright spot in the month’s rates report, climbing 4 cents a mile. Dry van and flatbed rates both posted declines.

September 6, 2016

Indicators: Trucking adds 3,400 jobs in August

The for-hire trucking industry’s total employment grew by 3,400 jobs in August, according to the Department of Labor’s monthly employment report. The DOL also upwardly revised July’s gains to 2,200.

September 2, 2016

Driver turnover dips to lowest level since 2011 on heels of weak freight

“As we hopefully approach the end of this period of elevated inventories later this year, freight demand will pick back up leading to increased demand for drivers and higher turnover rates in the future,” Costello said.

September 1, 2016

Indicators: Spot market rates outpacing contract rates since recession, rates lag market by several months

Insight into spot market pricing vs. contract rates, based on research conducted by FTR and Truckstop.com.

August 30, 2016

Diesel prices top $2.40 per gallon mark following two big jumps

With a 3.9-cent increase during the week ending Aug. 29, the price of a gallon of on-highway diesel now stands at $2.409, according to the Department of Energy’s weekly report.

August 29, 2016

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Carriers, brokers using tech to improve bid response during 2016 freight recession

Bid packages from shippers can be time consuming with hundreds – and potentially thousands – of lanes to analyze and respond to with pricing.

August 25, 2016

With overcapacity in the market, Syfan Transport and many other carriers are receiving a larger volume of bid packages from shippers.

U.S. Bank creates single Voyager Fleet Card for class 1-8 vehicles; TravelCenters of America accepts

U.S. Bank announced a new single Voyager Fleet Card solution for fleets that have local and OTR operations and mixed vehicle classes.

August 24, 2016

U.S. Bank launched the Voyager Mobile app earlier this year. Fleet managers use it primarily to monitor drivers’ fuel buying decisions; drivers use it to choose their fueling locations

Indicators: Tonnage continues to fall, spot market freight dips

Freight tonnage for the for-hire trucking industry slipped again in July. The spot market also saw a decline in freight volume. More numbers here…

August 23, 2016

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Schneider is the only carrier that operates a single-rail cross-border intermodal solution and has rapidly grown its intermodal market share of cross-border freight between the United States and Mexico, while setting industry benchmarks in speed, security and reliability on the CPKC rail network.

Business booming at the border: Schneider slashing transit time, boosting market share with rail partnership

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Truckload market recovery slows amid freight volatility

Trump’s emissions rollback: What motor carriers & private fleets must know

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Trucking industry faces mixed signals as tariffs, soft freight, and surplus trucks cloud outlook

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