Regulatory pressures are rising, and the capacity required for a hot freight market was slow to increase in the first quarter, putting pressure on rates, according to FTR analysis. The February Shippers Conditions Index reading from FTR was unchanged from January at -11.1, reflecting an unfavorable environment for shippers.
Archive for April, 2018
Year-over-year inflation hit the Federal Reserve’s 2% target for the first time in over a year in March, a sign of strengthening U.S. inflation pressures that could encourage the Fed to continue lifting interest rates this year. (This article requires a subscription to the Wall Street Journal. To subscribe, please click on the above link.)
An amendment written to resolve the issue of preemption by individual states of federal hours-of-service rules for truck drivers was passed on April 26 by a solidly bipartisan vote of 222-193 as part of the FAA Reauthorization Act currently being debated by the House of Representatives.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending April 21, 2018. For this week, total U.S. weekly rail traffic was 539,425 carloads and intermodal units, up 6.2 percent compared with the same week last year. Total carloads for the week ending April 21 were 264,552 carloads, up 3.5 […]
Truck tonnage declined for the second consecutive month in March, in a sign that the industry continues to cool after rapid growth at the end of 2017. The American Trucking Associations (ATA) reported that truck tonnage declined 1.1% in March from February’s levels, following an upwardly-revised 0.8% decline in the previous month.
Good luck raising prices — even if the economy is humming. Grocery chains have long awaited the right conditions to charge more for their products, and a broad view of the U.S. would suggest this is their moment: Unemployment is near historic lows, consumer confidence is high and inflation is inching upward. But companies are […]
Americans’ spirits rose this month after dipping earlier this spring, suggesting they remain confident in the economy despite rising inflation and stock-market gyrations. (This article requires a subscription to the Wall Street Journal. To subscribe, please click on the above link.)
Thirty-five years ago, the average freight train could safely haul 2,200 tons at once. That was a lot of cargo! Yet even though the basic structure of a train has remained the same, today a single freight train can carry even more — a whopping 3,600 tons, on average.
Several organizations — including trucking’s leading owner-operator group — have sent a letter to the federal government opposing two pieces of legislation that would lower the age requirement for getting a CDL and driving from state to state.
The Federal Motor Carrier Safety Administration has assigned severity weights to each of about a dozen electronic logging device-related violations that are being recorded on a driver’s or motor carrier’s safety profile score.