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Economic trends: Page 51
Business
Rates reverse course in July as all three major segments decline
Per-mile rates on the spot market tumbled in July in all three major truckload segments. The declines come following three months of mostly positive rate showings on the spot market.
August 1, 2016
Business
Report from the Fed shows slowdown in trucking activity
The Federal Reserve reports a recent drop in demand for trucking services, while ports and the overall economy showed modest progress.
July 27, 2016
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Business
Diesel’s summer decline continues
The average price for a gallon of on-highway diesel is now $2.379, a 2.3-cent drop from the previous week’s price.
July 25, 2016
Business
LoadDex pricing tool now includes intermodal rates from FECR
The LoadDex pricing tool now has FECR intermodal rates, in addition to truckload and LTL rates, for a convenient way to determine route and mode optimization and access to competitive pricing.
July 22, 2016
Business
Indicators: Truck tonnage dips in June, linehaul rates continue to tumble
Tonnage has fallen three out of the last four months after hitting an all-time high in February. Since, tonnage has fallen 4.7 percent. Truckload linehaul rates also fell in June, according to Cass information Systems.
July 20, 2016
MarketPulse
CCJ MarketPulse – May 2016
The CCJ MarketPulse is a short survey of 200 for-hire fleet executives. Its purpose is to gauge fleet sentiment regarding monthly business conditions and concerns as well as hiring and purchasing plans. Here are the key findings from the May 2016 CCJ MarketPulse survey: Business conditions in May improved from the previous month, up to 5.56 from 5.0. Respondents from […]
July 19, 2016
Business
Diesel prices dip for third consecutive week
The slight drop in price brings the U.S.’ average for a gallon of on-highway diesel to $2.402.
July 19, 2016
Business
Indicators: ‘Trucking Conditions’ at worst point in 5 years, diesel prices expected to climb in ‘17
Market conditions for trucking companies have hit a multi-year low due to cheap rates and excess capacity.
July 14, 2016
Business
Indicators: Shippers intitiating ‘rate carnage,’ small carriers being driven out of business
Shippers “continue to pound rates,” investment firm Stifel notes, leading to small carriers going under and larger carriers cutting capacity in order to protect equipment utilization. No carrier’s safe from the “rate carnage,” Stifel reports.
July 12, 2016
Business
U.S. diesel prices see small dip in most recent week
A decrease of nine-tenths of a cent brings the U.S.’ average price of a gallon of on-highway diesel to $2.414. The drop in price is the second in a row and the third time in four weeks.
July 12, 2016
Business
Indicators: For-hire trucking employment dips for fifth straight month
The for-hire trucking industry’s total employment fell by a whopping 6,300 jobs in the month of June, according to preliminary figures reported July 8 by the Department of Labor’s monthly Employment Situation Report. January is the only month to see an employment uptick in the industry this year.
July 8, 2016
Business
Spot market rates in all three major TL segments jumped in June
Van and reefer rates gained more than a dime each in June from May. But rates in all three segments, despite recent upticks, remain much lower than in 2014 and 2015.
July 7, 2016
Business
Indicators: Driver turnover rates tumble as freight weakens
As freight demand slowed in the first part of the year, driver turnover rates dropped for large and small trucking companies. The latest figures here.
July 6, 2016
Business
Fuel prices dip slightly during holiday week
The average price for a gallon of on-highway diesel now stands at $2.423, a drop of three-tenths of a cent from the previous week.
July 5, 2016
Business
Fuel prices stay even during last week
Slight changes up and down in different regions resulted in no change to the nationwide average.
June 27, 2016
Business
Indicators: Truck tonnage jumped in May, but rates dipped for third straight month
Truck tonnage, a measure of freight movement, climbed in May, according to ATA figures. Linehaul rates, meanwhile, fell in the month due to softer freight demand and excess capacity, per a report from Cass.
June 21, 2016
Business
ShipX online LTL market rebrands as FreightorGator
The company has temporarily waived its $25 booking fee to shippers to get negotiated direct rates from LTL carriers
June 21, 2016
Business
Diesel prices drop slightly to end 10-week streak of increases
The slight drop in price snaps a 10-week streak in increasing prices across the country. The average price of a gallon of on-highway diesel is now $2.426.
June 20, 2016
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