ATRI’s 2024 “Critical Issues in the Trucking Industry” report saw truck parking dominate driver concerns, while motor carriers worry more about the economy.
Continued volume weakness along with a steadying rate environment were the primary takeaways from Cass Information Systems’ September report.
A recent FTR Transportation Intelligence conference highlighted continued poor freight market conditions that are forcing fleets to do more with less.
Cass Information Systems’ August update shows a freight market that is still awaiting a recovery.
Crete Carrier highlighted positive trends in holiday and retail demand as customers stage shipments for Halloween and Christmas.
Data from Cass Information Systems showed year-over-year declines in volumes and costs slowed in July.
Recent data by Motive suggests the freight recession is closer to an end as more robust June restocking spurs higher July retail sales.
Freight shipments and expenditures remained depressed in June, Monday data from Cass Information Systems showed.
OOIDA and other industry groups are suing over the EPA Phase 3 final rule on greenhouse gas emissions standards for heavy-duty vehicles.
Shipments and cost data for May show no letup in the freight downcycle.
FreightWaves SONAR and Cass Information Systems announced on Tuesday a channel and integration partnership on supply chain intelligence.
April data from freight payments platform Cass shows freight demand remains near cycle lows.
March provides little relief from the freight downturn, contrary to what carriers had hoped.
Excess truckload capacity continues to push down rates and change shipper behaviors to a more transactional approach.
Charles Gracey of Hot Seat Services says recruitment can be difficult even in the best of circumstances, with only a tiny fraction of applicants getting an offer and successfully completing orientation.
Cass freight data for January shows continued weakness, but the month included harsher-than-normal winter weather.
On Wednesday, autonomous trucking startup TuSimple went private after voluntarily delisting from Nasdaq following two years of stock and boardroom drama. FreightWaves’ Alan Adler writes, “TuSimple was the first autonomous trucking company to demonstrate driverless operations on an open highway. One of its trucks traveled 80 miles with no human on board from Tucson, Arizona, to Phoenix in December 2021.”
December data from Cass Information Systems shows further rate stabilization, albeit at depressed levels.
Data from the November Cass Freight Index shows both shipments and expenditures remained pressured.
On Wednesday, FreightWaves hosted the Domestic Supply Chain Summit, a virtual event with RXO Chief Strategy Officer Jared Weisfeld as the keynote speaker. The interview, conducted by enterprise trucking carrier expert Thomas Wasson, included an outlook for 2024 and highlighted the biggest supply chain challenges and opportunities.
The changing freight media landscape was on full display at the F3: Future of Freight Festival last week in Chattanooga Tennessee, as influencers, salespeople, presenters and executives intermingled during and after the events.
October freight data from Cass Information Systems showed continued softness into peak season.
Seattle-based digital freight broker Convoy on Wednesday canceled all shipments from its marketplace and company representatives promised more details of a business transition were forthcoming. By Thursday, company employees were told in a meeting that Convoy was “closing down its core business operations.”
Cass’ shipment data was up sequentially for a second straight month in September and the truckload linehaul index was positive for the first time in more than a year.
A report published Tuesday by the U.S. Government Accountability Office (GAO) concluded that the Federal Motor Carrier Safety Administration (FMCSA) must make its complaint database more transparent and publicly available.
Monday data from Cass Information Systems showed slight improvement from July to August but the comparisons to 2022 worsened.
On Thursday, self-driving trucking company Kodiak Robotics and Pilot Co. opened their first truckport for autonomous vehicles at the Pilot Travel Center in Villa Rica, Georgia. According to the news release, the truckport will be used by Kodiak to launch and land its autonomous trucks and serve as a hub for drivers to pick and drop off loads for first- and last-mile deliveries.
The first meeting of the Federal Motor Carrier Safety Administration’s Truck Leasing Task Force (TLTF) discussed and drafted recommendations on Tuesday regarding limiting or eliminating the power a trucking company has over lease purchase agreements with drivers.
A proposal by the Federal Motor Carrier Safety Administration to alter and expand reporting categories for crashes is drawing criticism from the Owner-Operator Independent Drivers Association, which argues the FMCSA should take stronger action to protect driver safety records.
Freight volumes and spending fell sharply in May, but Cass Information Systems maintains an outlook that the bottom of the cycle is near.
Load board fraud is gaining attention after The Wall Street Journal reported Truckstop, a leading load board provider, found reports of fraud increased 400% from Q4 2021 to Q4 2022, the highest level since 2004, when it began tracking the data. This article prompted Craig Fuller, CEO and founder of FreightWaves, to write an article on Tuesday arguing for massive load board providers to take greater responsibility for instances of fraud that take place on their platforms.
Data published Monday from freight payments provider Cass says the industry may be close to entering a new cycle.
Transportation shipments and rates back up during March, according to Cass Information Systems.
Last month, CloudTrucks surveyed 1,000 U.S. adults about general perceptions of truck drivers and if they have heard of the truck parking shortage. The results, published in CloudTrucks’ 2023 Truck Parking Shortage Survey, highlight that while Americans generally have a positive view of truck drivers, most respondents didn’t know that the parking shortage had a major impact on their quality of life.
A report from Cass Information Systems suggests the current softness in freight markets is likely to hang around for “several more months.”
On Thursday, according to a news release, BP Products North America Inc., a subsidiary of BP, reached an agreement to purchase TravelCenters of America for $1.3 billion in cash. The purchase of TA is expected to add around 280 travel centers and double BP’s global convenience gross margin.
A Tuesday report from Cass Information Systems showed freight shipments in January were flat with December on a seasonally adjusted basis.
A Republican-backed bill introduced by U.S. Rep Brian Mast, R-Fla., seeks to exempt underage truck drivers from rules that prohibit them from hauling containers to and from marine terminals.
Shippers are seeing relief in freight costs for the first time in more than two years, according to the December Cass Freight Index.
Cass said Monday that positive trends in freight shipments and expenditures are likely to turn negative year over year in December.
The American Trucking Associations’ (ATA) seasonally adjusted For-Hire Truck Tonnage Index increased 2.8% in August after a disappointing 1.5% drop in July. The ATA data primarily relates to contracted freight tonnage volumes and is a useful indicator of shipping activity.
Cass data shows freight volumes reached a more than four-year high in August. But linehaul rates slid for the third straight month.
Trailer pools as a hedge against contract rate declines, Electric truck infrastructure — breakthroughs versus misconceptions
Cass data shows changes in freight shipments and expenditures during July were less volatile when compared to prior months.
June shipments data from Cass shows the fourth decline in six months from 2021 levels.
Cass freight data shows shipments recovered in May as costs stepped down from record levels.
Freight data from payments management platform Cass showed April volume declines were worse than normal seasonal trends.
March data from Cass shows a deceleration in shipment growth and a higher chance of a freight recession, although “it is too early to call.”
The Cass Freight Index recovered some of the January volume decline tied to omicron absenteeism throughout the supply chain.
The Cass Freight Index sags in January on a rise in COVID cases, but the dataset appears poised again for strong growth in 2022.
Supreme Court blocks COVID vaccine mandate for large businesses On Thursday, the Supreme Court ruled in a 6-3 decision that blocked enforcement for vaccine or testing requirements for large private […]
December data from Cass Information Systems shows freight shipments and expenditures continued a surge to close 2021.
Freight costs reach a record, according to November data from Cass Information Systems.
October data from Cass shows supply chain bottlenecks and capacity shortages continue to subdue shipment growth. However, the condition led to another jump in rates.
Supply chain constraints are keeping a lid on freight volumes while rates continue to reach new highs, according to September data from Cass Information Systems.
August data from Cass shows freight expenditures extend their torrid pace. Freight demand remains high but a lack of capacity is constraining shipment growth.
July data from Cass showed freight shipments remained elevated but labor and equipment shortages constrained growth. Expenditures held near all-time records.
Freight expenditures surged at the fastest rate on record during June, according to data provided by Cass Information Systems.
Cass FreightClaim360 is a cloud-based solution to help carriers automate a claim’s life cycle with real-time visibility.
The Cass Freight Index surged again in May with continued strength recorded in freight shipments and spend. While the year-over-year comparisons become more formidable in the coming months, the current supply-demand fundamentals are expected to remain in play for some time.
Cass freight data released Wednesday shows shipments and expenditures surged again in April.
Cass data published Friday highlights new records as volumes reaccelerate and rates soar.
February freight data from Cass shows a deceleration in the growth rates of shipments and expenditures. Recent weather events have only “coiled the spring” for a continuation of high demand and rising rates.
In today’s edition of The Daily Dash, freight rates continue to rise. Plus, FMCSA has asked for a delay in a lawsuit seeking to roll back HOS rules, and Haul is attracting some of the most prominent names in the industry as investors.
Cass freight data released Thursday shows a huge surge in freight spending with solid growth in shipments. The report indicated that 2021 is unlikely to produce the “rate relief” to shippers that 2019 provided.
The December rates subindex jumped 13% year-over-year, setting the stage for big rate hikes in 2021, according to Cass data.
In today’s edition of The Daily Dash, transportation analysts say the good times will likely continue for the sector throughout 2021. Plus, Central Freight Lines is being sued for nonpayment of invoices, and International Roadcheck compliance numbers improve in 2020.
The Cass Freight Index sees sequential weakness in shipments but logs year-over-year improvement with expenditures data advancing.
The Cass Freight Index returns positive trends for shipments in October. The expectation is strong volumes will continue with the outlook for higher expenditures on the horizon.
The Cass Freight Index booked 7% sequential gains in shipments and expenditures during September.
Cass data for the month of August shows significant acceleration in demand and rates but the comparisons to 2019 still lag other data sources.
Declines in Cass freight data continue to outpace the industry by a considerable margin. The firm sees improved results on the horizon.
Worse-than-expected data from Cass shows year-over-year declines grew in shipments and expenditures. Intermodal pricing falls out of bed.
April’s 20% year-over-year declines in Cass data may mark the bottom of the COVID-19 downturn.
Transportation invoice volumes fall 7.5% for payment services provider Cass Information Systems.
Cass data plummets further, erasing any chance of second-quarter year-over-year growth in shipments and freight costs, according to report.
Virus-related demand headwinds bring fresh declines in February Cass data. Visibility into a potential trucking recovery is further clouded.
Declines in Cass data accelerate but report calls for rates to inflect higher in 2020.
Cass Information Systems reports a 6% year-over-year decline in transportation invoices but manages to post another full-year earnings record.
The Cass Freight Index sees its steepest decline in shipments since the Great Recession.
Cass freight data shows softness again in November. While shipment declines extend to a full year, the rate of the declines may be moderating.
Cass announces two new partnerships designed to enhance the reporting and data methodology of its Cass Transportation Indexes.
The latest Cass outlook signals “economic contraction,” but the heads at some of the nation’s largest truckload carriers see a different path.
Freight shipments and expenditures declined on a year-over-year basis again in September according to the latest Cass Freight Index Report. The firm now believes that the index is “signaling an economic contraction.”
The Cass Freight Index Report offers two questions. “Has economic contraction already begun? Will GDP be negative in Q2?”
Cass Information Systems, Inc. has joined the Blockchain in Transport Alliance (BiTA), a consortium of industry leaders committed to developing standards and guiding the widespread adoption of blockchain technology in logistics.
Freight, orders and optimism continue to populate the minds of many carrier and shipping executives these days as more data points suggest the economy is continuing to improve. And it’s optimism that even uneven retail sales and consumer confidence can’t hide.
