Chart of the Week: National Truckload Index Linehaul Only, Outbound Tender Volume Index – USA SONAR: NTIL.USA, OTVI.USA Truckload spot rates excluding estimated fuel costs are up ~13% since early May with truckload tender volumes up 7% since the start of the year, though still a shadow of what they were in 2021. Is the freight market finally…
For the past few months, we have been warning that U.S. containerized import volumes were not only likely to experience a weak peak season but were also positioned to reach a “new” bottom in the back half of this year (forecasting a 10%-20% decline below second-half, 2019 levels). Fast forward to today, and the projected…
Canada’s two largest Pacific ports — Vancouver and Prince Rupert — remained at a standstill Friday as a strike by the port workers’ union hit the one-week mark. Ships are beginning to pile up at anchorages and rail operations serving the U.S. have effectively halted. The British Columbia Maritime Employers Association (BCMEA) claimed Thursday that…
Western Global Airlines cargo pilots, who are negotiating their first collective bargaining agreement, say a contract with terms and conditions in line with industry standards is necessary to reverse a crew shortage that is hampering operations and help the struggling company stay in business. Union leaders told members in a message last week their goal…
The Association of American Railroads (AAR) has filed a lawsuit against the state of Ohio, saying federal law preempts a new state law that dictates a minimum crew size for freight rail operations. Ohio’s law, signed by Gov. Mike DeWine on March 31, requires at least two individuals to be involved in moving a freight…