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Contract rates dart upward to catch soaring spot market rates

Swelling demand, combined with the industry's lingering capacity shortfall, pushed rates to record levels on the spot market, DAT reported. What's more, contract rates have grown at an accelerated pace ...

Trucking employment ticked up in June

Up a cool 25,000 jobs from the same month last year, employment in the for-hire trucking industry totaled 1.4774 million in June, according to the DOL's report. 

Capacity constraints press spot market rates even higher in June

Of note, reefer's per-mileage average surged 21 cents in June, pushing its per-mile rate above the $3 mark, to $3.02 a mile. Van and flatbed rate averages on the spot ...

Indicators: Conditions for shippers tumble to all-time low

Shippers will continue dealing with record-high rates, though, at least into 2019, says FTR. Rates are forecasted to climb 12 percent year over year in 2018 compared to 2017, and ...

Owner-operator revenue, income climbed in first quarter

The industry's smallest carriers were able to capitalize on the tight trucking market and soaring rates seen in 2018's first three months.

Indicators: Truck tonnage soars year over year, spot market continues to thump

Two key trucking indexes from May show a continued surge in freight demand and, with it, climbing rates.

Indicators: Driver turnover rate jumped to 94 percent in 2018’s first quarter

The driver turnover rate a large truckload carriers (those with more than $30 million a year in annual revenue) climbed six percentage points from the prior quarter to a rate ...

Indicators: Rates continue upward streak, trucking employment rallies

Per-mile rates on the spot market continued to surge upward in May, according to monthly data from loadboard Employment in the for-hire trucking industry grew by 6,600 jobs in ...

Indicators: Tonnage soared in April, freight expenditure continue climbing

Year-to-date, compared with the same four months last year, truck tonnage increased 8 percent, far outpacing the annual gain of 3.8 percent seen in 2017. According to Cass Information Systems' ...

Indicators: Freight volume in April was month’s all-time best, ‘trucking conditions’ hang strong

Truckload freight volume on the spot market in April was the month's strongest on record, despite declining roughly 7 percent from March. Market conditions for trucking companies, as measured by ...

Trailer orders settled in April after sky-high first quarter

FTR pegs preliminary trailer orders for April at 22,000 units, a month-over-month decline of 20 percent from March, which reflects a typical seasonal adjustment and a dip from the historically ...

Trucking employment slumped in April

The for-hire trucking industry dropped 5,500 jobs in April, according to the Department of Labor's monthly Employment Situation Report. That's the industry's first month-to-month employment dip since August. 

Rates regained momentum in April, surge into spring

Rate averages for all three major truckload segments -- dry van, reefer and flatbed -- saw strong gains again in April.