Trucking

For November, the most recent month for which data is available, the TCI reading, at -1.35, marked an improvement compared to November and October’s respective -6.07 and -8.97 readings.

The December edition of the DAT Truckload Volume Index (TVI), which was recently issued by DAT Freight & Analytics, highlighted what the company described as the most significant narrowing in the gap between spot and contract van rates, going back to March 2022, a period when truckload prices nearly were at their highest point ever.

The new edition of the TD Cowen/AFS Freight Index, which was recently released by New York-based investment firm TD Cowen Inc. and Shreveport, La.-based 3PL and freight audit and payment company AFS Logistics LLC, highlighted the impact of muted demand for truckload, less-than-truckload (LTL), and parcel activity, from the third quarter to the fourth quarter.

This new Bangor facility will extend access to Pyle’s LTL, warehouse and distribution and dedicated freight capabilities, in turn providing the company with the ability to serve more customers in the Bangor area. In tandem with its Portland, Maine-based LTL service center, the addition of this facility enables A. Duie Pyle to provide more comprehensive, full-service center coverage throughout Maine, the company said.

For October, the most recent month for which data is available, the SCI reading came in at 4.3.

The state of American business is “optimistic” despite inflationary pressures and economic threats from unknowable outside factors, the nation’s top business lobbyist said.

The company explained that prior to this announcement, standard shipping to New England from its terminals in Cumberland, Maryland, Baltimore, Maryland, and the Greater Philadelphia area could take upwards of three days, whereas through these recently-announced next-day lanes, PITT OHIO’S shipper customers will now see their freight arrive in 24 hours. Which the company said significantly reduces wait times, as well as top expectations.

A new regulatory finding by the Labor Department will result in a “tangled mess” for trucking’s estimated 350,000 independent contractors, the nation's largest trucking lobby is warning.

FTR reported that December preliminary orders, at 26,620 units, trailed November by 26% and were off 6% annually. CT reported that that preliminary North American Class 8 December orders, at 26,500 units, were off by 15,000 units compared to November.

Just as shippers are getting a pleasant New Year’s present with lower fuel surcharges in the wake of plunging diesel fuel prices, here comes a warning to not get used to it.

Logistics Management Group News Editor Jeff Berman recently spoke with Doug Waggoner, CEO of Chicago-based 3PL Echo Global Logistics. Waggoner offered up insights on various logistics and supply chain trends and themes, including: freight economic conditions, near shoring, and brokerages, among others.

For October, the most recent month for which data is available, the TCI reading, at -6.07 saw improvement compared to September’s -8.97. That was preceded by August’s -12.54 reading (its lowest reading going back to November 2022), which was preceded by July’s -5.34 reading and June’s -6.29 reading.

The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index, for November, at 113.7 (2015=100), was off 1%, following an 0.8% October gain, which came in at 114.9.

Rigidities in the supply of truck drivers and truck availability have a lot in common with Greek tragedies.

The reshuffling of assets and capacity within the $58 billion less-than-truckload (LTL) sector has begun. The bankruptcy of Yellow Corp has made one thing clear: shippers ought to be prepared to pay higher rates, perhaps 6-to-8% higher in contractual renewals.