Schneider CEO Rourke predicts higher TL rates well into 2021
October 12, 2020
The confluence of COVID-induced disruptions to supply chains and unpredictable trucking demand levels will mean sharply higher truckload rates well into 2021, a leading TL executive is predicting. Mark Rourke, president and CEO of Schneider, the nation’s second-largest truckload carrier, said the nation’s supply chains are in “a highly unique period” in our recent history.
TIA and OOIDA are at odds over perceived price-gouging
May 20, 2020
When President Trump recently spoke on Fox & Friends, he was asked about American truck drivers being “price gouged” by transportation brokers and what the White House would do to address that. His response indicated he felt that was the case, saying “Oh they are price gouged…all they want is to be treated fairly and we’re going to treat them fairly.” It is fair to say that the Alexandria, Va.-based Transportation Intermediaries Association (TIA), which is the largest...
ATA September truck tonnage stays in familiar range
October 22, 2019
The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index for September, at 117.6 (2015=100), headed up 0.2% on the heels of a 4% (upwardly revised from 3.2%) August decline, which came in at 117.3. The ATA’s not seasonally-adjusted (NSA) index, which represents the change in tonnage actually hauled by fleets before any seasonal adjustment and the metric ATA says fleets should benchmark their levels with, came in at 114.8 (2015=100), which was off 7.5% compared to August’s 124.
DAT sees a growth spurt in spot truckload rates compared to contract rates
February 6, 2018
DAT’s key thesis is that average spot and contract rates have “diverged sharply” over the three-month period covering November, December, and January, with the gap having accelerated in recent weeks, due to gains in spot rates, not only for van activity but also for the three major equipment classes: van, reefer, and flatbed.