Maersk Warns of Slowdown Once Freight Boost Fades
A.P. Moller-Maersk A/S shares plunged after the company said it expects renewed gloom in the industry this year when the current boost to freight rates from the Red Sea conflict evaporates.
LNG Shipping Rates Dip on Lower Demand Despite Red Sea Chaos
It’s getting cheaper — at least for now — to rent a liquefied natural gas tanker despite turmoil in the Red Sea that is forcing some vessels to take longer and more costly routes.
Fleets Grapple With Freight Rate Pressures
Trucking companies are navigating a challenging economic environment where stubbornly high costs for goods are affecting what shippers are willing to pay for transport, experts warned.
Shippers Remain in Control of Rates, but 2023 Could Bring Balance
Shippers are in the driver’s seat as spot and contract rates continue to soften, but industry analysts said rates likely will stabilize throughout 2023.
Shipping Prices Fall in Inventory Glut, Upping Broker Deals
U.S. trucking is entering a tumultuous period that will likely reshape the $875 billion industry. Shipping rates that spiked during disruptions caused by the pandemic have plummeted as inventory gluts across the U.S. lowered demand.
DAT Solutions, Schneider Logistics Partner on Pilot Program
Digital freight load board DAT Solutions on April 6 announced Schneider Logistics Services joined a pilot program to evaluate emerging tools to better forecast truckload freight rates.
April 9, 2020Trucking Prices Are About to Rise Even More
A U.S. trucking shortage that has pushed up freight costs for everything from cereal to toothbrushes is about to get worse.
Truckload Carrier Pitch to Raise Rates in 2018 Underway; ELDs, Driver Pay, Turnover All Concerns
The combination of the electronic logging device mandate, a shortage of drivers and an improving freight market has carriers and shippers wondering about transportation prices heading into 2018.
Postal Service May Get More Freedom to Raise Stamp Prices
Regulators appear likely to accept the financially beleaguered Postal Service’s request for more freedom to raise the price of mailing letters. It would be the biggest change in the Postal Service’s pricing system in nearly a half-century, allowing stamp prices to rise beyond the rate of inflation.
Truckload Spot Rates Tighten Closer to Contract Rates
The gap between contract rates and spot market rates in the truckload industry tightened in April, according to the latest Chainalytics-Cowen Freight Indices.
June 9, 2017