GDP, Cass Freight Index Show Positive Signs for Trucking
Two economic reports released Nov. 29 brought some optimistic signs that the transportation and warehousing industries might be recovering from the problems of earlier in 2016, industry experts said.
October Tonnage Dips 0.9% From 2015
Truck tonnage sagged 0.9% in October versus a year ago, the second consecutive decline in American Trucking Associations’ monthly index, despite other positive economic numbers in the retail, manufacturing and industrial sectors.
Shippers Spur Competition Between Trucks, Railroads
Shippers of bulk freight expect prices to rise on railroads next year, but they could have greater control in contract negotiations because of competition from trucking with intermodal rail, according to a Nov. 16 report from RBC Capital Markets.
UPS to Hike Rates Again, Based on Dimensional Weight Calculation Change
Two months after UPS Inc. announced that it would raise rates next year, the company stated it will add a price hike through changes to the dimensional weight calculation for North American parcels and freight effective Jan. 8.
Truck Tonnage Sags 0.9% in October
Truck tonnage sagged 0.9% in October versus one year ago, the second consecutive decline in the American Trucking Associations monthly index in 2016, despite other positive economic numbers in the retail, manufacturing and industrial sectors.
October Spot Market Index Rises 1.8%; Rates Rebounding, Analysts Say
October was the second-strongest month for spot-market trucking this year, behind the June peak, load board DAT Solutions reported, and industry analysts say that prices have bottomed out and the trajectory will continue upward.
UPS Airline Mechanics Heat Up Talks With Strike Authorization
Airline maintenance technicians and other employees who service UPS Inc. aircraft have voted to authorize a strike after three years of contract talks. The vote does not indicate a strike is imminent but is meant to increase pressure in negotiations. Teamsters Local 2727 made the announcement Nov. 14 in a move that has little practical effect for the holiday season.
October Looked Very Good for US Ports
October was a great month at several of the top ports in the United States and a record-breaking one at the biggest port, according to newly released monthly numbers on Nov. 14.
Echo Global Logistics Reopens Chicago Headquarters
Echo Global Logistics celebrated the reopening of its Chicago headquarters at a ceremony with Mayor Rahm Emanuel on Nov. 14.
Intermodal Drops 4.6% as Trucking Gains Loads
Intermodal volumes declined in the third quarter because truck prices are lower than a year ago and that has diverted business away from railroads, the Intermodal Association of North America reported.