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The Cass Truckload Linehaul Index continued the acceleration that began in 2017 by posting a record 8.2% year-over-year increase, with the measure hitting a reading of 134.8.
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Old Dominion Freight Line has announced a general rate increase of 4.9% that will apply to rates established under the existing IDFL 59, 670, and 550 tariffs, effective June 4.
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With a steadily improving economy and sectors such as manufacturing and construction going strong, many trucking companies are finding they have more freight than they have trucks to haul – but nowhere is that more true than in the flatbed sector.
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The spring shipping season may be late, but it's here, especially in produce-distribution markets, according to the spot freight information reported by the DAT network of load boards.
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Spot truckload freight volume had the strongest April on record, despite slipping 6.8% lower, a common seasonal trend, according to newly released figures from the DAT North American Freight Index.
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Although the April 1 start to “hard enforcement” of the electronic logging device mandate does not seem to have had a huge effect on trucking capacity (except perhaps in flatbeds), there are a number of other factors that are working to keep capacity tight and rates high, likely at least until late this year, according to FTR.
Read More →Fr8 Revolution has announced its new Price Lock feature in the Fr8Star.com marketplace that allows shippers to obtain a fair market rate and book freight for legal and permitted and open deck freight.
Read More →Spot truckload freight rates moved higher in all three categories over the past week, according to the freight matching services provider DAT Solutions, amid an increase in loads and a decline in truck capacity.
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Spot market freight activity continued to build during the week ending April 28 as the number of loads on the DAT network of load boards increased but a hike in truck capacity helped keep a lid on rates.
Read More →A measure of quarterly freight shipment and spending activity showed big gains in the first quarter of 2018 compared to the same time a year ago, reflecting a stronger economy.
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