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The value of trans-border freight movements between the U.S. and its neighbors took a steep decline, according to new U.S. Transportation Department numbers, while Canada regained its historical rank as top North America trade partner after falling behind Mexico.
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American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1% in December, ending 2015 on a strong note despite an overall slow year.
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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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