NEWPORT, R.I. – It is a good time to be in trucking in the U.S. The economy is strong, freight needs to move, and rates are on the rise. Eric Starks, the chairman and CEO of FTR, pointed to several indicators during a business symposium for Volvo dealers and customers. The ATA Tonnage Index and FTR Loadings Index, which track absolute freight levels, are both trending upward. The flatbed market in particular has been going “crazy”, in part because of increasing demand to move pipe and fracking sand, the latter of which is moved in boxes, he said. “It’s eating up a huge amount of capacity.” Everything from consumer spending to home sales are adding to the demand.
NASHVILLE, Tenn. – Trucking activity is surging thanks to an array of economic factors in the U.S., but there would be a steep price to pay if U.S. President Donald Trump follows through on threats to pull out of NAFTA. “NAFTA trade via truck supports over 46,000 jobs in our industry, including nearly 31,000 truck driver jobs,” the ATA’s Bob Costello observed during Omnitracs’ fourth-annual Outlook conference.
TORONTO, ON – Lower fuel surcharges in June led to a drop in the total cost of shipping for Canadian Ground Shippers from the month before, reports Nulogx.
PORTLAND, OR – Spot-market freight volume dropped 3.4% in April, compared to March, but fell 30% year-over-year, according to the DAT North American Freight Index.
TORONTO- November 2014 freight volumes dropped 11 percent from October 2014, but truckers still hauled 19 percent more freight in November 2014 compared to November 2013.
Canada’s for-hire trucking operations hauled 745.5 million tonnes of freight in 2014, up 7.9% over 2013, Statistics Canada reported today.
The related revenue was up 14.8%, reaching 14 cents per tonne-kilometre, while domestic freight generated 16 cents per tonne-kilometre.
Most of the weight (86.2%) involved domestic shipments, which rose 8.3% in the year. General freight led the way in Ontario and Quebec, while petroleum was the driving force in Alberta. General freight and motor vehicle parts accounted for most of the cross-border shipments by weight.
TORONTO, ON – After four months of declining load volumes, January 2016 capped off with a 12 per cent jump, new data from TransCore Link Logistics shows.
Despite the uptick, however, compared to the same month last year, load volumes were down 28 per cent from January 2015.
ARLINGTON, VA – Truck drivers hauled 1% more freight in December than they did a month earlier, and 1.1% more than in December 2014, but high inventory levels remain a concern, according to the American Truck Associations.
WASHINGTON, D.C. and ARLINGTON, VA – The value of freight moved between the U.S. and Canada plummeted while for-hire truck tonnage moved in the U.S. is near a record high, according to two new reports.
PORTLAND, OR — Spot market freight volume declined 9.7 percent in October in North American while rates also moved lower.
WASHINGTON, D.C. – The amount of freight moving between Canada and the U.S. has decreased in value, due in large part to lower prices for mineral fuels, according to a new report.
VANCOUVER, BC – The amount of cargo moving through Canada’s largest port shows continued growth in trade through the Pacific gateway. Total cargo handled at Port Metro Vancouver was 70.3 million metric tons in the first half of 2015, an increase of 1.5 percent over the same period in 2014, according to newly released figures.
TORONTO–TransCore Link Logistics’ Canadian Freight Index demonstrated a slender gain in volumes in May.
Month-over-month load volumes edged up four percent from April. Despite this gain, year-over-year volumes were down for the fifth consecutive month, decreasing 22 percent over May 2014. Cross-border loads leaving Canada fell 23 percent, and inbound loads coming into Canada fell 21 percent year-over-year. These volumes averaged 70 percent of the total data submitted by Loadlink’s Canadian-based customers.
Intra-Canada load volumes represented 25 percent of the total volumes and were down 25 percent year-over-year.
A notable shift in the distribution of loads was observed entering western Canada and into Ontario. Month-over-month, western Canada saw a decrease in loads destined for the region by 15 percent; in contrast, Ontario saw an increase in loads destined for the province by 24 percent compared to April 2015.
ST. LOUIS, MO- The U.S. economy is on solid ground and bringing higher transportation costs, according to Rosalyn Wilson, supply chain expert and senior business analyst with the management services firm Parsons.
“With carriers gaining more control over rates and capacity tightening, total freight spend in 2014 was higher than in any preceding year,” Wilson said. “As long as capacity remains precariously balanced, we will continue to see a slow trend upwards.”
Parsons’ Cass Freight Index, which measures trends in North American shipping activity based on $23 billion in paid freight expenses for hundreds of large shippers, showed shipment volumes and freight spending both dropped in January, but were at their highest level for the month in three years.
WASHINGTON, D.C. – $66.1 billion in freight was moved by truck – the highest of any mode of transportation.