
The U.S. Labor Department reports the Consumer Price index increased 0.1% in February from the month before, the smallest hike since last October, while gaining just 1.1% over the last 12 months.
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The American Trucking Associations' For-Hire Truck Tonnage Index performed better in February after plunging 4.5% in January, but weather was still a factor in the numbers.
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Manufacturing increased 0.8% compared to the month before, nearly erasing a 0.9% decline in January, which the Fed attributed to extreme weather.
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The amount of freight carried by the for-hire transportation industry fell 2.8% in January from December, declining for the second consecutive month, according to the U.S. Department of Transportation’s Freight Transportation Services Index released Wednesday
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Rates on the spot market have spiked over the past week, according to new figures from the freight-matching service provider DAT.
Read More →Intermodal rail traffic increased 1.1% in February compared to the same time a year ago, according to new figures released by the Association of American Railroads.
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Despite continued weather problems, North American shipment volume and freight spending both soared in February 2014.
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While the amount of freight that’s available on the spot market has increased over the past week rates are mixed, according to the freight matching service provider DAT.
Read More →Congressman Jim McDermott, D-Wash., has introduced The Maritime Goods Movement Act for the 21st Century, H.R. 4105. The legislation would replace the current Harbor Maintenance Tax, designed to fund the operation and maintenance of American ports.
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The amount of freight on the spot market has increased along with rates in two out of the three major categories.
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