“The industry shows signs of year-over-year growth, but when factoring in inflation rates of 7.4%, the industry is only growing 1.5% on a real basis,” according to Joe Pawlak, managing principal at Technomic
Industrial supply companies are reporting continued growth with their latest 2nd quarter results, suggesting that there isn’t a downward shift in demand yet.
In most years, summer produce volumes are so high that they drive up national truckload rates for reefer and dry van carriers, peaking around July 4. That didn’t happen this year.
The housing industry is one of the first to react to the continual Federal Reserve interest rate hikes.
Watermelons grow well in the widespread hot and dry weather prevalent this summer, and these conditions are bringing on the melons faster with a sweeter profile.
The May 2022 reading of the for-hire trucking ton-mile seasonally adjusted index produced by Yemisi Bolumole and Jason Miller at
Importers have been busy “front-loading” in the first half of the year, ordering as much inventory as possible in advance to avoid the supply chain delays that caused many shipping containers to arrive well past their due date.
May’s new orders for manufactured goods increased by 1.6% m/m representing an increase in twelve of the last thirteen months.
While overall produce volumes are down just under 15% this season, carriers hauling fruit and vegetables out of major growing regions into major capital cities are having a great year.
Inventory levels are creating ripple effects across the transportation sector.
Record-high diesel costs have captured everyone’s attention recently, so this week we’re going to dig a little deeper into fuel efficiency and ways to save money.
Ready or not, a change has come for owner-operators based in California. State bill AB5, also known as the “gig