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The U.S. Transportation Department’s Freight Transportation Services Index, which is based on the amount of freight carried by the for-hire transportation industry, rose 0.6% in August from July, rising for the second consecutive month.
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Truck and rail traffic are expected to grow, good news for the economy as well as the carriers -- but with growth comes congestion, and transportation planners need more information and better direction from Congress on how to manage the problem. That’s the message from the Government Accountability Office.
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Freight interests are staking ground for the next highway program, asserting the need for sustainable funding, systematic planning and improved efficiency. The Freight Stakeholders Coalition, representing 18 carrier and shipper organizations including American Trucking Associations, published a 9-point platform for the upcoming debate over reauthorization of the program.
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North American freight volumes bounced back in August from a normal July dip, but it did not lead to a similar increase in freight spending, according to the Cass Freight Index.
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The less-than-truckload carrier ABF Freight saw its August billed revenue per day increase by approximately 10% above last year's level, according to a disclosure it filed with the Securities and Exchange Commission.
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The North Carolina-based operation also affirmed its previously announced expectations for growth in its LTL revenue per hundredweight.
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Import cargo volume at the nation’s busiest port complex barely increased, if at all in July, due to shipper concerns about contract talks involving longshoremen working at West Coast ports.
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The U.S. Transportation Department’s Freight Transportation Services Index declined 0.9% in June from May, falling after four consecutive monthly increases, according to numbers released Wednesday.
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The freight logistics sector slowed in July, following a seasonal trend, with both freight shipments and freight payments down 3.9% from the previous month, according to the latest Cass Freight Index.
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A refrigerated intermodal container service between the Pacific Northwest and the Midwest has ended due service from partner BNSF Railway that allegedly was not so hot.
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