
The latest release of ACT’s For-Hire Trucking Index shows continued improvement in freight volumes, pricing, and driver availability. This month’s reading still shows a gradually improving volume trend.
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If the pandemic-triggered boom times were the party, what we’ve been experiencing for the past year is the hangover, said Bob Costello, American Trucking Associations chief economist, in a session at ATA’s management conference in Austin this week.
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Truckload freight volumes fell last month and national benchmark spot rates for dry van and refrigerated loads retreated from their gains in June, reported DAT Freight & Analytics.
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LTL carriers buffeted by headwinds consider new approaches to pricing and profits.
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Several leading industry reports point toward a freight cycle that has hit bottom or will soon. DAT reports its June numbers indicate the spot rate bottom has already happened.
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A new dynamic pricing system developed by Averitt and SMC3 compares costs and real-time demand to provide accurate and serviceable shipping rates.
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Truckload freight volumes and spot rates for dry van and refrigerated loads fell for the fourth month in a row in April, according to DAT Freight & Analytics.
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FTR looks at key economic and trucking industry indicators and offers an outlook for freight transportation in 2023.
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A recession during the first half of 2023 is looking more likely, but the unusual nature of this economic and trucking cycle should help keep trucking from feeling the brunt of it.
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Recession and inflation concerns are weighing on the profitability of small carriers in the spot market, according to a survey of owner-operators and small fleets.
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