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A measure of per-mile truckload linehaul rates declined again in April along with a separate gauge of intermodal shipping costs. And there is little to no indication conditions will soon improve.
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FTR's new Intermodal Competitive Index indicated that intermodal conditions were generally positive but not stellar.
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Intermodal volume in the first quarter of 2016 increased, underscoring the segment's core strengths despite other indicators, according to the Intermodal Association of North America’s latest report.
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J.B. Hunt Transport Services says its first-quarter profit increased 8.9% from a year earlier as revenue rose by 6%, thanks to volume growth, improved network operations, higher equipment utilization, lower maintenance costs and increased contract pricing.
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Premium Transportation Services, also known as Total Transportation Services, has filed for Chapter 11 bankruptcy, citing its financial troubles related to driver misclassification lawsuits and legal costs.
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Truckload linehaul freight rates have fallen again and are barely higher than a year ago, while rates for intermodal shipments have dropped for the 14th straight month, according to the latest Cass indexes.
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Import cargo volume at the nation’s major retail container ports should see its traditional buildup toward the summer, despite difficult comparisons with last year’s unusual patterns, according to one report.
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Truckload rates grew at a weaker pace for the fifth consecutive month in January, according to newly released numbers, while intermodal rates are expected to continue a drop that started a year ago.
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Although many analysts are expecting generally lower fourth-quarter earnings for the nation’s publicly held companies, J.B. Hunt kicked off the earnings season for trucking on Thursday by reporting a 6% increase in profit.
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The Greenberg Great Train & Toy Show is an annual event at the fairgrounds in Columbus, Ohio. On the show's layouts as in real life, trucks and trailers play an important transportation role.
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