The Cass Truckload Linehaul Index for July indicates an increasing rate of acceleration for truckload linehaul pricing, posting the first double digit increase year over year since Cass began tracking it in 2005.
Trac Intermodal has announced that company president and chief executive officer Keith Lovetro has retired and is being succeeded by Jennifer Polli.
As part of a push for fleet modernization, Trac Intermodal has added 16,000 chassis equipped with the latest equipment to serve key markets.
The intermodal container business has allowed many companies to shift longer-haul freight to rails in the face of tight capacity and a driver shortage. But in recent years, Schneider and a handful of other companies have turned that same concept to the liquid bulk business.
CIMC Intermodal Equipment has hired Doug Dorn as its director of business development. He is tasked with supporting and developing the company's expanding North American intermodal chassis business.
BYD (Build Your Dreams) has delivered a battery-electric 8TT truck to the Port of Oakland. The Class 8 truck was grant-funded by CARB and will be part of a three-year feasibility study to determine whether zero-emission trucks could replace diesel trucks in port operations.
The Cass Truckload Linehaul Index continued the acceleration that began in 2017 by posting a record 8.2% year-over-year increase, with the measure hitting a reading of 134.8.
Total intermodal freight volumes climbed 7.2% year-over-year in the first quarter of 2018, the strongest gain since the second quarter of 2014, according to new figures released by the Intermodal Association of North America.
Newly released figures on the health of the North American freight marketplace as well as on U.S. truckload linehaul and intermodal rates show all are at or near record highs.
Freight rates for truckload linehaul and intermodal movements continued showing great strength in February, according to figures released Wednesday from one freight payment processor.