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Despite the chronically sluggish freight market, payroll employment in for-hire trucking rose in November and was basically on par with job levels a year earlier. Or was it? FTR's Avery Vise explains.
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Economic indicators rarely all tell the same story, but increasingly, they are pointing to an improving economy and light at the end of the tunnel for a trucking industry beleaguered by low freight rates.
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Avery Vise, FTR vice president of trucking, explained why the forecaster believes we'll see a sluggish freight economy for the near future.
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DAT Analytics reports a good November for truckload freight volumes driven by a post-Thanksgiving surge.
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While 2022 was a challenging year for trucking, there was still growth in revenue, tonnage, employment, and other areas. In mid-2023, a number of data points appear to indicate that the current freight cycle is bottoming out. How fast it will head back up is another question.
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The latest release of ACT’s For-Hire Trucking Index shows continued improvement in freight volumes, pricing, and driver availability. This month’s reading still shows a gradually improving volume trend.
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Truckload freight volumes fell last month and national benchmark spot rates for dry van and refrigerated loads retreated from their gains in June, reported DAT Freight & Analytics.
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With longtime trucking giant Yellow shutting down and reported to be planning to file for bankruptcy, what is the impact on the trucking industry, in particular LTL?
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There are only so many square feet of floor space in a trailer, and some cargo just doesn’t take kindly to double-stacking. But there’s an easy way to double your floor space, as HDT's Jim Park learns in this conversation with Kinedyne’s Joe Vergeldedios.
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Several leading industry reports point toward a freight cycle that has hit bottom or will soon. DAT reports its June numbers indicate the spot rate bottom has already happened.
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