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Rates on one of the nation’s biggest spot freight markets took an across-the-board decline last week while load volume barely edged higher.
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The Teamsters union has approved the network optimization plan YRC Freight submitted in March. The plan will close 29 terminals, forcing the company to change how freight moves through its network of more than 260 other terminals.
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Traffic congestion on U.S. roadways is back after two consecutive years of declines, with traffic congestion up 4% in the first quarter compared to 2012, according to traffic information provider Inrix in its sixth Traffic Scorecard Annual Report.
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Data collected by the Montana Department of Transportation using the 360SmartView truck safety screening system show significant results from focusing limited enforcement resources on trucks that are out of compliance with safety and credential requirements.
Read More →The government’s first look at shipments and new orders for manufactured durable goods in the U.S. during March shows mixed performance.T he U.S. Commerce Department reports shipments increased in March from the month before by 0.4% to $230 billion. This is the highest level on record, going back to 1992.
Read More →Overall business and profits declined in the first quarter of the year for the parent companies of several truck makers.
Read More →Net trailer orders for March were down 6% month-over-month and 12% year-over-year. This update on industry performance was reported in the latest State of the Industry: U.S. Trailers published by ACT Research Co. “Although orders are down, the orders being placed appear genuine, as cancellation activity has been negligible for most trailer categories,” said Frank Maly, director-CV Transportation with ACT Research.
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The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index gained 0.9% in March after decreasing 0.7% in February. Tonnage has now increased in four of the last five months.
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Schneider National Bulk Carriers recently launched a bulk intermodal transportation service using a new 40-foot tank container that can be used on the rail and over the road to haul liquid bulk chemicals across the United States.
Read More →FTR Associates’ Shippers Conditions Index for February fell over two points following a similar decline in January. The current reading of -9.5 reflects an expectation for increasingly difficult conditions for shippers as 2013 progresses, which is good news for trucking companies.
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