Chart of the Week: Outbound Tender Volume – by region SONAR: OTVI.URWT, OTVI.URSW, OTVI.URNE, OTVI.URSE, OTVI.URNW, OTVI.URMP, OTVI.URNW Compared to June 2019, regional outbound freight demand has shifted noticeably to the Eastern half of the U.S. based on shipper requests for capacity (OTVI). The Southwest region, which includes Texas, has captured most of the growth while the freight-starved…
Last week, we forecast a further decline in U.S. containerized import volumes in the second half of 2023, and a “new” bottom for volumes during this downcycle. The lingering effects of the “bullwhip effect” on inventories, along with the considerable downside risks that exist to consumer spending, the upcoming months are likely to witness an…
Less-than-truckload carrier Yellow Corp. saw tonnage plummet again during the first two months of the second quarter. In a news release issued after the market closed Friday, the carrier provided the dour update. Yellow’s (NASDAQ: YELL) tonnage declined 16% year over year (y/y) in both April and May. Compared to two years ago, tonnage was…
Editor’s note: This quiz was compiled with the assistance of AI language model ChatGPT. The post How much trucking history do you know? appeared first on FreightWaves.
The Federal Railroad Administration (FRA) plans to audit the safety cultures and practices of all the Class I railroads operating in the U.S., according to a recent letter by FRA Administrator Amit Bose. FRA’s review will include assessments of the safety culture, practices and compliance of individual railroads, as well as a final report that…