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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 0.3% increase follows a downwardly revised 0.6% decline in January while the December drop was revised down to 0.3%.
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Truckload linehaul rates continue to rise, according to the Cass Truckload Linehaul Index. With demand increasing and capacity decreasing, along with the last two quarters showing an unusually high number of carriers exiting the business, capacity is tight,
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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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The number of cargo thefts in the United States last year remained the same as it was in 2013, tying the highest level on record, according to a newly released report.
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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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