The turnover rate at large truckload carriers rose just one percentage point to an annual rate of 92% in the first quarter of 2014, but held above 90% for the ninth consecutive quarter, according to new figures released by the American Trucking Associations.
Rates on the spot market soared over the past week, according to new figures from the freight-matching service provider DAT. Flatbeds led the hikes gaining 4.1% June 29 through July 5, compared to the previous seven days, hitting $2.54 per mile.
The U.S. House could vote as soon as early next week on legislation to prop up the Highway Trust Fund, before it runs out of money.
A new trade route has been settled on linking the Pacific Ocean with the Caribbean and Atlantic Ocean, which could be a boon that changes the face of container shipping, or be a boondoggle.
With West Coast longshoremen still negotiating a new contract, retailers are bringing holiday merchandise into the country at record levels to protect against potential supply chain disruptions, according to the monthly Global Port Tracker report released Wednesday by the National Retail Federation and Hackett Associates, a maritime research and consulting business.