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American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index fell 3% to 128.6 in April to the lowest level in a year.
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Bam Worldwide announced Bamwire, a specialty asset-based lending platform for motor carriers designed to help small fleets grow their business.
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Freight-factoring providers are going beyond merely easing cash flow for fleets.
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At the National Private Truck Council annual meeting, economist Kenny Vieth declared private fleets are now “sitting in the catbird seat” because they are “poised for growth” as the economy keeps gaining speed and freight volumes keep rising.
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American Trucking Associations’ For-Hire Truck Tonnage Index increased by 1.1% in March marking the 5th monthly increase in the past 6 months.
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The Port of Savannah moved 333,058 TEUs in March, setting a single-month record that surpassed its previous high set in October 2014 by more than 21,000 TEUs.
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While some may complain that truck freight levels haven’t taken off like a rocket since the end of the Great Recession, the fact is they have posted solid improvements, according to Jonathan Starks of the freight forecasting firm FTR -- and could be headed for a new peak.
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The amount of freight moved between the U.S. and its North American Free Trade Agreement neighbors of Canada and Mexico totaled $89.3 billion in January, according to U.S. Transportation Department figures, down 1.2% from a year earlier,
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The amount of freight moved by the nation’s for-hire transportation industry fell slightly in January from the month before, but remains close to its record high level.
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Freight volume fell 37% year-over-year in February and spot-market freight availability declined for the second consecutive month in February, according to DAT -- so why did rates rise compared to last year?
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