In the wake of the 2024 presidential election, trucking industry groups see new opportunities to change the regulatory and legislative landscape.
October’s Logistics Managers’ Index showed supply chain managers expect transportation rates to move significantly higher over the next year.
ACT Research and FTR Transportation Intelligence reported strong September Class 8 net orders as OEM order books open up for next year.
There was no change in transportation capacity during September. That, coupled with further growth in pricing, signals the freight market may finally be climbing out of a prolonged downturn, a survey of supply chain executives showed.
A recent ATA Driver Compensation Study shows median truckload driver salaries are up 10% in two years despite the poor freight market.
The Federal Motor Carrier Safety Administration on Monday published a notice in the Federal Register that the state of Florida is seeking an exemption to the CDL testing regulation pertaining to skills testing.
Freight markets showed some signs of exiting a recession in August.
Media outlet TMZ reported that singer-songwriter Taylor Swift gave each truck driver who worked as part of her Eras Tour a bonus check of $100,000 before her Santa Clara, California, show last Saturday.
The freight recession’s impact on small fleets and owner-operators gained mainstream media attention on Monday with an article by Shannon Pettypiece, a senior policy reporter for NBC News. The article related the story of Arnesha Barron, a 39-year-old driver who in 2021 became an owner-operator after working at a trucking company for six years.
The Logistics Managers’ Index registered another all-time low in June as inventories throughout the supply chain continued to contract.
At the recent UBS Global Industrial and Transportation Conference, Heartland CEO Mike Gerdin and Vice President of Finance Josh Helmich highlighted freight market weakness and outlined the retention impact of their driver minimum pay program.
FreightWaves’ Noi Mahoney reports that, according to CargoNet data, a surge in cargo thefts near the end of 2022 led to an estimated $223 million in goods being stolen across Canada and the U.S.
Persistently higher inventory levels are causing a drag on truckload tender volumes as 2023 begins. 2019 and 2018 SONAR data indicates we may approach levels of pre-pandemic seasonality, but higher truckload capacity will continue to negatively impact rates until enough truckload supply leaves the market.
Transportation prices fell at the fastest pace on record, according to the December Logistics Managers’ Index.
Supply chain data released Tuesday showed further loosening in transportation capacity while warehousing metrics tightened further.
Transportation data showed further loosening during July, according to a supply chain survey released Tuesday.
A supply chain survey released Tuesday showed market fundamentals continued to cool during June.
Capacity increased again in May, according to the Logistics Managers’ Index. However, the transportation market stabilized in the back half of the month.
Bottlenecks and a lack of transportation capacity led many retailers to order extra merchandise in the fall. Inventories are now piling up at points along the supply chain for some companies because they still can’t find the transportation to move the goods, a supply chain survey finds.
December supply chain numbers again show “significant expansion.” The Logistics Managers’ Index report questions whether retailers ordered too much for the holidays.
Growth throughout the supply chain accelerated in November with costs reaching all-time highs, according to the Logistics Managers’ Index.
An October supply chain survey shows transportation capacity falling at a faster pace while freight rates keep stepping higher.
Transportation capacity continues to contract at a record pace with rates climbing to historical levels, according to the September Logistics Managers’ Index.
The index’s headline number is the second-highest on record, and there appears to be no end to the tightening cycle that has made life tough for logisticians.
Growth rates throughout the supply chain cooled in May from recent record highs. However, the latest reading on transportation capacity stepped lower again.
An April survey of supply chain executives showed “continued downward pressure on transportation capacity” with prices surging to a 2.5-year high.
Growth in the supply chain came at a faster pace in February, with transportation capacity falling and prices climbing at accelerated rates.
