This article provides a snapshot of the trucking freight futures market, starting with a summary of the basics about derivatives-futures and then diving into the specifics of trucking freight futures and their application for the key trucking market participants – trucking carriers, shippers, 3PLs and opportunistic traders/investors. Source: logistics Mgmt
In anticipation of the launching of “Trucking Financial Markets 360°", Logistics Management, together with Lakefront Futures’ Trucking & Derivatives Group, will be publishing a series of articles over the next five weeks on the “A-Z” of trucking freight futures. This debut article provides an overview of the paradigm shift occurring in the trucking market and the increasing trucking rate volatility impacting trucking carriers, shippers, & 3PLs. Source: logistics Mgmt
With a 0.021-cent decline, the national diesel average is now at $3.011 per gallon. Source: logistics Mgmt
Rising 1.3 cents, the national diesel average came in at $3.055 per gallon, following 0.001-cent and 2.7-cent declines, respectively, over the previous two weeks. Source: logistics Mgmt
The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index for March, at 113.2 (2015=100) was down 2.3%, following a 1.5% February decline, to 115.8, which was downwardly revised from an original reading of a 0.2% decline. Source: logistics Mgmt
Source: logistics Mgmt
The Department of Transportation (DOT), reacting to more than 5,200 comments filed on potential changes to truck driver hours-of-service (HOS) and other regulations, is moving in that direction. Source: logistics Mgmt
Following the late March update that YRC Freight the largest subsidiary of less-than-truckload (LTL) transportation services provider YRC Worldwide, and the Teamsters National Freight Negotiating Committee (TNFINC) had come to terms on a tentative agreement in principle for a new collective bargaining agreement, YRC Teamsters this week at its YRC Freight Holland, and New Penn subsidiaries, with the exception of one local unit, this week unanimously voted to endorse the tentative National Master Freight Agreement. Source: logistics Mgmt
This marks the sixth time in the last eight weeks has seen a gain, and it also marked the eighth consecutive week that the national diesel average has topped the $3 per gallon mark. Source: logistics Mgmt
ODFL said that its service centers are strategically placed and built with best-in-class technology, and reduce shipping time, increase daily volume, and enhance delivery flexibility. Source: logistics Mgmt
Alireza Tangsiri, head of the Iranian Revolutionary Guards...