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The post Daily Infographic: Rates are only the tip of the iceberg appeared first on FreightWaves.
The post Daily Infographic: Rates are only the tip of the iceberg appeared first on FreightWaves.
After an eight-week run of falling prices was interrupted a week ago by an increase, the weekly diesel benchmark price used for most fuel surcharges has moved down again. In a price posted Tuesday but dated Jan. 1, the average weekly retail diesel price posted by the Department of Energy/Energy Information Administration declined by 3.8…
A proceeding before the Surface Transportation Board is raising questions about how a Class I rail carrier should define adequate service under the common carrier obligation. It comes at a time when some shippers, rail unions and some members of Congress are calling for STB to provide more clarity on the federal guideline. Per federal…
Analysts are cutting truckload earnings estimates again just ahead of fourth-quarter reports, which will start to trickle in later this week. Recent channel checks revealed a notable falloff in fundamentals in the back half of December, dispelling hopes that the quarter would be a transitionary period. “We understand that multiple companies across multiple sub-sectors across…
Less-than-truckload carrier ABF Freight announced late Friday its Teamster employees ratified a five-year collective bargaining agreement. The two parties previously came to terms on wages and other items two weeks ago. The new deal raises hourly wages by a total of $6.50 and benefits contributions by $4.46 per hour. Two additional paid sick days and…
The future of procurement is real-time. Historically, the procurement process has involved shippers securing quotes from carriers through the bidding process, with carriers putting forward rates and shippers choosing based on the best provider and price. However, whether bidding is done through RFPs or spot auctions, traditional methods leave money on the table. In the…
On Episode 692 of WHAT THE TRUCK?!?, Dooner is joined by Sisters of the Road’s Debbie Dingo. From March 1 to March 21, the Sisters of the Road are on a journey from California to the Mid-America Trucking Show (MATS), championing the cause of women drivers. Their mission? To spotlight the remarkable women who’ve been…