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After many delays, the larger locks of the Panama Canal opened this weekend, allowing larger ships carrying intermodal shipping containers coming from Asia to access East Coast and Southeast ports. While there has been much speculation that this could shift cargo traffic away from the busy West Coast ports, how exactly things will play out is yet to be seen.
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Separate gauges of truckload line haul rates and intermodal rates both fell in May, according to newly released figures, following a Monday report showing freight levels are well below those of the last several years.
Read More →The amount of North America freight shipments and freight spending remain below levels from a year ago despite monthly gains, according to the latest Cass Freight Index report, and there is a concern conditions could get worse.
Read More →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.
Read More →FTR's new Intermodal Competitive Index indicated that intermodal conditions were generally positive but not stellar.
Read More →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.
Read More →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.
Read More →A storm brewing at the waterfront over containerized cargo may have a substantial impact on trucking interests further inland. The debate centers around who, exactly, is responsible for weighing cargo containers.
Read More →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.
Read More →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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