DAT reports atypical spot truckload load and rate activity in May
May spot truckload freight volumes fell far short of typical seasonal trends, according to the most recent edition of the DAT Truckload Freight Volume Index. Source: logistics Mgmt
May spot truckload freight volumes fell far short of typical seasonal trends, according to the most recent edition of the DAT Truckload Freight Volume Index. Source: logistics Mgmt
For April, the most recent month for which data is available, the TCI came in at -0.64, representing an improvement over March’s -1.18. March represented the first time the TCI turned in a negative reading for the first time “in several” years,” according to FTR. Source: logistics Mgmt
The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index for April, at 121.8 (2015=100) headed up 7.4% on the heels of a 2% decline in March, which came in at 113.4. Compared to April 2018, SA tonnage saw a 7.7% annual gain, which represents its largest annual increase since July 2018. Source: logistics Mgmt
A December 2019 deadline for adopting new systems for carriers to record truck drivers’ hours of service could cause a short-term blip in capacity as truckers convert to the new system. At issue is a Department of Transportation regulation that makes Electronic Logging Devices (ELDs) stricter. Come Dec. 16, carriers no longer will be allowed to deploy the Automatic On-Board Recording Devices (AOBRDs) that were grandfathered in for the first two years of the ELD mandate. Source: logistics Mgmt
The Federal Motor Carrier Safety Administration is seeking public comment on a “potential” pilot program that would allow drivers ages 18 to 20 to operate commercial motor vehicles in interstate commerce. Source: logistics Mgmt
For March, the most recent month for which data is available, the TCI came in at -1.18, which FTR said reflects a softening environment for carriers as freight rates see continued easing, coupled with a sluggish, but positive, demand outlook. Source: logistics Mgmt
While headlines trumpet startups that promise to fix one of freight shipping’s biggest inefficiencies, it’s too early to declare victory. Shippers must look at how can DFM help with strategic transportation challenges, not just individual shipments. Source: logistics Mgmt
Data issued this week by Portland, Oregon-based freight marketplace platform and information provider DAT, a subsidiary of Roper Technologies, continued the ongoing themes of strong volumes and healthy capacity levels for spot market truckload freight, according to the DAT Truckload Volume Index. Source: logistics Mgmt
YRC reported consolidated operating revenue for first quarter of $1.182 billion and a consolidated operating loss of $31.7 million, which included a $1.6 million net loss on property disposals. By comparison in the year-ago quarter, YRC posted operating revenue of $1.215 billion and consolidated operating loss of $4.3 million. That loss included a $3.2 million net loss on property disposals. Source: logistics Mgmt
The Teamsters said that this contract raises wages, restores a week of vacation, and protects benefits. This contract covers roughly 25,000 YRC Freight workers at its YRC Freight Holland, and New Penn subsidiaries and was approved by a 60% to 40% margin. While the votes are in, the contract will not go into effect until the YRC Freight Teamsters Joint Council 40, who rejected the contract, has the required votes. Source: logistics Mgmt
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