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A new report shows business conditions in the trucking industry remain positive, despite a slight downturn, amid warnings of a possible capacity shortage.
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Newly published results from a survey conducted by the trucking consultancy group Transport Capital Partners show increased optimism among trucking executives when it comes to higher freight rates and volumes.
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Con-way Freight has become the latest less-than-truckload carrier to announce it is increasing rates. It will institute a general rate hike, averaging 5.4%, applicable to non-contractual business, effective March 31.
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UPS Freight will implement a general rate increase effective March 31. The 4.4% increase applies to non-contractual less-than-truckload shipments rated on the current UPS Freight tariffs.
Read More →Less-than-truckload carrier ABF Freight System will increase general rates and charges effective March 24.
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FedEx Freight will increase shipping rates by an average of 3.9%, effective March 31.
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Truckload linehaul rates paid in January increased 2.9% from the same time a year earlier, resulting in the largest year-over-year increase in linehaul rates since last February.
Read More →The third party logistics provider Transplace has released the results of its annual benchmarking study that includes data from more than 150 shippers, representing more than $12 billion dollars in annual freight spending.
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Truckload linehaul rates in November were 1.8% above the same month last year, according to the latest Cass Truckload Linehaul index.
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Spot market freight activity continued picking up steam the second week of December, following some improvements the week before as well as in November.
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