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According to the American Trucking Associations, the advanced seasonally adjusted For-Hire Truck Tonnage Index fell 5.1% in July (109.6) after increasing 8.9% the previous month (115.5).
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Truck fleets seem cautiously optimistic about freight and business levels in the coming months as the economy continues to work to recover from COVID-19 shutdowns, according to an HDT survey – and they see some positive long-term takeaways from the pandemic.
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A new index provides visibility on the state of the trucking market as anticipation of an economic restart grows.
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Uber Freight's new bidding feature in its app offers carriers and drivers increased flexibility and control by allowing them to bid and receive feedback on select loads directly.
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Truckstop.com and Knight-Swift Transportation announced a digital freight matching integration service aimed at helping the motor carrier's owner-operators and their vast network of third party trucking partners move more freight efficiently throughout the country.
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FTR said its Trucking Conditions Index in December was the highest since January 2019 and the first positive reading since 0.28 in July.
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Digital freight broker FreightWeb said its new Partial Truckload freight-matching service fills a “much needed” niche in the freight market – providing an expedited service for shipping partial truckloads of freight.
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A new freight management platform created by third-party logistics provider Choptank Transport allows fleets to track and analyze many operational factors based on their own shipping history.
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The latest reports from ACT Research show improvement in for-hire freight volumes, but also a slide in the Freight Rate Index in December and a slight improvement in the economic outlook for 2020.
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DAT Solutions is supplying Knight-Swift Transportation with a new rate forecasting tool to provide actionable short-term and long-term insights into transportation markets.
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