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…
Truck drivers and carriers face 60 new federal fines for Hours-of-Service violations – including those specific to mandated electronic logging devices (ELDs). Coming in three tiers, the fines range from […]
Drayage carriers serving B.C. ports are beginning to run out of work as a strike by longshore workers continues. Operations have been shuttered at the ports of Vancouver and Prince […]