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Chart of the Week: National Truckload Index Linehaul Only, Outbound Tender Rejection Index – USA SONAR: NTIL12.USA, VCRPM1.USA The relationship between dry van truckload contract (VCRPM1) and spot (NTIL12) rates remains nearly unchanged compared to last June, as both have fallen at nearly the same pace over the past 12 months. Spot rates appear to have hit a…
On Episode 706 of WHAT THE TRUCK?!?, Dooner is talking to Brush Pass Research’s Kevin Hill about his latest data on freight brokerages. There are 35% more freight brokerages than there were five years ago but 10% fewer than there were one year ago. Are we close to finding the floor in this market? We’ll…
Mexico’s truck production and exports saw notable increases in February, helped by continued demand from the U.S. and nearshoring-related relocations, officials said. The 10 truck makers in Mexico that are members of ANPACT manufactured a total of 16,912 units in February, an 18% year-over-year (y/y) increase compared with 2022. Exports of trucks increased 13% y/y…
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The Teamsters union said Wednesday that it has demanded that UPS Inc. present its last, best and final contractual offer no later than Friday. The ratcheting up of hostilities comes one day after the Teamsters gave UPS (NYSE: UPS) one week to submit an economic proposal that was superior to the one the Teamsters called…
On Feb. 29, the chairman of the House Committee on Homeland Security, Rep. Mark Green, R-Tenn., sent a strongly worded letter to an obscure Chinese equipment manufacturer: Shanghai Zhenhua Heavy Industries Co. (known as “ZPMC”). ZPMC is the world’s top producer of ship-to-shore gantry cranes used at container terminals the world over — nearly 80%…