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.
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).
Supplies of goods are coming up short in the pandemic, and prices have jumped. Some economists warn that the changes could linger.
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.
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.
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.
Demand is cooling in 2022 after TL shipments jumped 9.4% YoY in 2021, according to Cowen.
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.
Spot market prices dipped for the month but are still high historically, ATA and DAT say.
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.