U.S. Bank Freight Payment Index shows Q2 shipment and spend gains

The report’s National Shipment Index, at 131.3 (2011=110.1), rose 9.7% over the first quarter after a 9.7% first quarter decline and was down 5.3% annually. On the pricing side, the report's National Spend Index, at 201.3, headed up 4.3% from the first quarter and rose 6.4% annually, following a 2.7% annual first quarter increase. Source: logistics Mgmt

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New ATA report takes long look at the state of the driver shortage

While it is true that 2018 marked what could be described as a boom year for the freight economy, a new report issued this week by the American Trucking Associations (ATA) revealed that the trucking sector needed 60,800 more for-hire over-the-road truckload drivers at the end of the year to meet the nation’s freight services demands. Source: logistics Mgmt

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Logisticians, carriers fret over U.S. economy’s future

It’s become a favorite parlor game wherever shippers, carriers and logisticians meet. It could be called “How long can this fantastic economy last?” Or more accurately, “When is the next recession coming? Nobody knows, of course. And the joke among some transport veterans is that economists have forecast 20 of the last three recessions. In fact, there’s some truth to that. Source: logistics Mgmt

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A. Duie Pyle opens up Maine-based integrated logistics center

Company officials said that the driver for this new location was to provide the company with the opportunity to be closer to its shipper customers in Maine and northern New Hampshire. And they added that Pyle will offer customized less-than-truckload (LTL) and Custom Dedicated operations out of the facility, which it said will provide greater flexibility and higher service levels for shippers in this region. Source: logistics Mgmt

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Driver turnover rates head in opposite directions, says ATA

The first quarter turnover rate for large fleets with more than $30 million in revenue increased 5% to 83%, which was lower than the 2018 average rate of 89% and down 11% compared to the first quarter of 2018. For small fleets, the ATA said the turnover rate fell 4% to 73%, from the first quarter to the second quarter. Source: logistics Mgmt

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