Capacity shortfalls combined with increased demand for truckload shipments are continuing to boost spot rates to record levels, according to DAT Solutions, which also said in what is an atypical trend, spot rates now are exceeding long-term contract rates.
July 17, 2018Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Spot Truckload Rates Continue to Soar Amid Record Demand
Longshoremen’s Union to Vote on Contract for Port of New York-New Jersey
Members of the International Longshoremen’s Association will vote on whether to ratify a new six-year contract covering employees at the Port of New York and New Jersey.
TxDOT to Receive $1.1 Billion Boost from Surging Oil Business, Economy
Texas highways will get a $1.1 billion boost over the next year from the state’s vibrant economy, officials say, with much of that additional funding flowing from the booming oil and gas industry.
Capitol Agenda for the Week of July 16: If You Don’t Build It, They Will Come
Sen. Mike Lee (R-Utah) recently unveiled legislation that would leave it up to the states to raise the funds needed for infrastructure projects instead of having Congress do the heavy lifting and identify a long-term fix for the federal Highway Trust Fund. Here's a look at the week ahead for trucking on Capitol Hill.
LTL Carriers Refine, Expand Services
Leaders at prominent less-than-truckload carriers are optimistic about the future as their companies adapt and expand services to capitalize on favorable long-term trends, such as the move toward smaller shipments and the growth of e-commerce.
Huge Warehouse Projects Kick Off at AllianceTexas
Dallas-Fort Worth, one of the country’s top industrial building markets with 22 million square feet under construction, is adding more warehouse space.
UPS Hiring Thousands of Workers for Massive Hub on Atlanta’s West Side
UPS Inc. has started hiring thousands of workers for a massive Southeast ground hub to open on the west side of Atlanta, one of the largest developments in the area in years.
Trucking Stocks Roll Steady as Investors Downshift on Market
Publicly traded trucking firms have seen record-setting freight in the first half of this year but their stock prices have lagged as cautious investors pulled back from a long-running bull market and an industry that can’t find enough drivers to haul its loads.
Shippers Score With Safe Delivery of MLB Umpires' Gear
Two companies, DHL Same Day of Sterling, Va., and Crane Cartage Freight Services of Houston, are responsible for making sure that Major League Baseball umpires’ equipment trunks are delivered to the next ballpark, no matter when the last game ended, and when the next one starts.
As Trump Pushes to Privatize the Troubled US Postal Service, Others Push Back
U.S. Rep. Emanuel Cleaver recalls the days when, every morning at 10, his grandmother would walk to the post office in Waxahachie, Texas, to catch up with friends, family and other community members.