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Three measures of freight activity and spending were mixed, according to new figures, but the outlook for their performances has improved, according to Cass Information Systems.
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A dockworker from the 1950s would not recognize a modern cargo port, where huge gantries move steel boxes full of cargo from all over the world between ships, trains, and trucks. Deborah Lockridge has more in the All That's Trucking blog.
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While a measure of total U.S. freight shipments in October broke a string of being in negative territory for 20 months, November fell back while separate reports for the month show an improvement in intermodal rates for the second consecutive month while truckload linehaul rates turned lower.
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Two measures of freight shipping posted their first year-over-year improvements in more than 12 months, indicating there has been more than the usual fall surge in shipment volume.
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A new U.S. Transportation Department report shows the total amount of for-hire freight moved in the country fell 0.6% in September from the month before, the second consecutive monthly drop.
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Total intermodal volume fell in the third quarter of 2016, according to an Intermodal Association of North America quarterly report.
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FTR’s Intermodal Competitive Index rebounded in August to a reading of 2.16, easing some of the concerns of the previous month’s weak reading, according to FTR.
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Truckload linehaul and intermodal rates are continuing their declines despite some slight improvements, according to two new reports.
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Measures of both truckload and intermodal rates posted another rounds of declines, according to new figures released by freight payment processor Cass Information Systems.
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Changes on the way for trucking could be as sweeping as the deregulation of the early 1980s or the invention of the Interstate Highway System, according to analysts with FTR at the company's transportation conference.
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