Indicators: Page 36

Diesel prices level out after two weeks of significant increases

The U.S.’ average price of a gallon of on-highway diesel is now $2.478, according to the Department of Energy’s weekly report.

October 24, 2016

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Truck demand, rates spike in L.A.-outbound lanes despite Hanjin-caused dip in imports

Though import volumes at two major west coast ports slumped in September due to Hanjin’s late August bankruptcy, key lanes out of the Los Angeles market have seen rates spike in recent weeks as load-to-truck ratios soared on the heels of Hanjin ships docking and unloading at L.A.-area ports.

October 19, 2016

The First Hanjin Ship To Dock At The Port Of Oakland Following The Company's Bankruptcy Filing

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Indicators: Tonnage tumbles in September, rates follow

Tonnage was down in September, continuing 2016’s trend of choppy freight. Likewise, rates fell for the 7th straight month, according to Cass’ Truckload Linehaul Index.

October 18, 2016

Diesel prices jump 3.6 cents in most recent week

The increase puts the average price in the U.S. for a gallon of on-highway diesel at $2.481, the highest price since mid-November 2015.

October 17, 2016

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ATA forecast: Trucking freight, revenue poised for big growth in coming decade

Though the trucking industry will likely see declines in freight and revenue in 2016, this year’s only an outlier when looking at the industry’s long-term trend, says the American Trucking Associations in a new report.

October 17, 2016

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Diesel prices jump to highest point in nearly a year

A considerable increase in the average price of diesel across the U.S. during the most recent week has diesel prices at their highest point in 11 months, according to the Department of Energy’s weekly report.

October 11, 2016

Indicators: Trucking employment stumbles in September

Following several years with steady employment growth in the industry, 2016’s seen mostly a downward trend, highlighted by five straight months of job losses between March and June. July and August both saw trucking employment gains. September, however, saw another dip in industry employment.

October 7, 2016

Reefer rates dip in September, van and flatbed steady

Spot market rates for van and flatbed segments were mostly unchanged in September, according to monthly rate data from Truckstop.com, while reefer rates fell a dime from the month prior.

October 5, 2016

Diesel prices tick upward in most recent week

The price of a gallon of on-highway diesel rose by seven-tenths of a cent, regaining the decrease from the previous week.

October 3, 2016

TMW Systems develops bid management app

TMW Engage.Bid simplifies the conversion and analysis of shipper RFP documents.

September 30, 2016

TMW Systems’ president Dave Wangler

Fueled by data: how ‘machine learning’ detects fuel waste, fraud by drivers

Real-time analysis goes beyond card controls to detect fuel transactions that fleets consider wasteful or even fraudulent

September 28, 2016

The Exception Module in the WEX ClearView platform shows patterns in fuel transactions that indicate waste and fraud.

Truckstop.com launches new Rate Analysis system

The program allows companies to input their own rate history for any lane and compare it to other rates for the same lane. The company says Rate Analysis shows a live feed of available capacity for each lane and offers a tool to send direct quotes to potential customers.

September 28, 2016

Truckstop.com’s Rate Analysis system gathers rate information in real time to help fleets determine their best rate.

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

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

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Marijuana rescheduling won't affect DOT drug testing rules, agency says

Despite marijuana's reclassification to a Schedule III drug, DOT told CCJ that "safety-sensitive positions will still be barred from ingesting the drug."

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Congress passes reforms for military freight carriers

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Plummeting truck orders could flip the freight market by 2027, FTR says

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Shorter leases gaining ground with carriers

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Heartland Express will integrate and rebrand CFI U.S. operations by year-end

Get all the info on the top 250 trucking companies in America

View, sort and download the trucking industry’s most comprehensive ranking of for-hire carriers in North America, based on a blend of metrics including fleet size, annual revenue and number of drivers.

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