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The November FTR Trucking Conditions Index jumped by more than three points to a reading of 8.64, possibly pointing to improvements for truckers in 2016, according to FTR.
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The amount of freight moved by the nation’s for-hire transportation sector moved lower in a government index that it says is an indicator of economic cycles.
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The supply of Class 8 trucks has continued to rise faster than demand, according to the ACT For-Hire Trucking Index.
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A measure of freight moving between the U.S. and its neighbors to the north and south shows for the first time the total value of U.S.-Mexico freight flows exceeded those between the U.S. and Canada.
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American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index declined 0.9% in November, erasing half of the 1.8% gain from October.
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Recent reports on freight movements, shipper spending and even the spot market can be downright confusing if you’re trying to figure what’s happening to the nation’s freight market and overall economic health.
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After several months of beta testing Cargomatic has officially launched service in the San Francisco Bay Area, including San Francisco, Oakland, and San Jose.
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Following an established seasonal pattern, spot market freight volume declined 15% in November from the month before, largely due to a drop in demand for flatbed trucks, but there were slight improvements in rates including into this month.
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The October FTR index fell by more than three points from September to a reading of 5.06, in line with previous predications from FTR.
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Rates on the spot truckload market may finally be showing signs of rebounding as a 45% increase in the number of available loads greatly outweighed the 12% hike in truck capacity last week.
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