In the News

Overdrive: Diesel prices drop by a penny per gallon, spot rates continue to slide

Diesel fuel prices across the United States leveled off during the week ending May 16 after two weeks of significant increases, according to the Department of Energy’s Energy Information Administration.

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FreightWaves: Truckload van spot rates fall even faster

Over the past four days, the deterioration in truckload van spot rates has accelerated, falling over $.02 per mile per day on the FreightWaves National Truckload Index Linehaul Only ([fuel removed] 7-day moving average (SONAR NTIL.USA).

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The New York Times: The Era of Cheap and Plenty May Be Ending

Supplies of goods are coming up short in the pandemic, and prices have jumped. Some economists warn that the changes could linger.

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FleetOwner: Spot rates fall as load posts rise and capacity tightens

Usually more loads and fewer trucks means higher spot rates. But the national average weekly line-haul pricing declined compared to the previous week, according to DAT.

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Land Line: Load posts increased 5% last week and capacity tightened, but spot rates slipped again

The total number of load posts to DAT MembersEdge rose almost 5% last week, signaling a late-month push by shippers and relatively strong truckload volumes overall.

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Truck News: Is that a speed bump ahead, or a cliff?

Alain Bedard isn’t losing sleep over a freight recession. The chairman and CEO of Canada’s largest fleet, TFI International, parried questions from analysts about a softening freight market during a first quarter earnings call.

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Supply Chain Dive: Truckload rates expected to plateau in Q2 as demand cools

Demand is cooling in 2022 after TL shipments jumped 9.4% YoY in 2021, according to Cowen.

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Reuters: Analysis: U.S. trucking downturn foreshadows possible economic gloom

Craig Fuller monitors millions of transactions between U.S. truckers and their customers as chief executive of transportation data company FreightWaves - and he does not like what he is seeing.

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DC Velocity: Truckload freight volumes and contract prices stayed high in March despite expensive gas

Spot market prices dipped for the month but are still high historically, ATA and DAT say.

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Land Line: OOIDA makes push in support of GOT Truckers Act

The GOT Truckers Act seeks fair compensation for truck drivers. Now, the Owner-Operator Independent Drivers Association wants its members to reach out to their respective lawmakers and ask them to support the bill.

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