Trucking’s spot market is experiencing an accelerating decline as pre-pandemic conditions re-emerge.
July 7, 2022Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Spot Market Decline Accelerates as Demand Softens
Louisiana Starts Pilot With Two-Container Trucks at Ports
Louisiana is working out details in a new experiment enabling trucks to carry two 20-foot containers in tandem to and from its ports to alleviate supply chain issues exacerbated by congestion and driver shortages.
Price of a Postage Stamp Set to Increase July 10
The U.S. Post Office will raise the price of a First Class Forever Stamp by 2 cents, from 58 cents to 60 cents, starting July 10.
ATA’s Costello Puts Chances of a Recession in 2023 at 50-50
Economic conditions in the country and in trucking remain relatively strong, but American Trucking Associations Chief Economist Bob Costello said he has concerns about early 2023 and puts the chance of a recession in the first quarter of the year at 50-50.
July 6, 2022West Coast Dockworkers Still Talking After Contract Expired
LOS ANGELES — A contract between shipping companies and 22,000 West Coast dockworkers expired over the weekend. But both sides continued to talk and said they want to avoid a strike that could savage an economy already stressed by soaring inflation and supply chain woes.
Amazon Will Take Stake in Grubhub, Offer Prime Users Membership
Just Eat Takeaway.com NV’s shares jumped the most in almost four years after Amazon.com Inc. agreed to take a stake in its Grubhub business.
Walmart Announces New Charges for Suppliers
Walmart Inc. is hitting some suppliers with two new charges as it struggles to soften the blow of surging transportation costs.
Volvo Says Electric, Autonomous Programs Key to Growth
Volvo Group is looking to expand its autonomous and electric truck programs to build market share in its key U.S. market and drive revenue and profits higher, top executives said recently.
Perspective: Winning Arguments to Attract New Drivers
As the American workforce continues to experience major shifts and fluxes, there’s an opportunity for those of us in the trucking and logistics industries to attract new drivers and workers looking for a post-pandemic change.
Logistics Gauge Shows Economy Downshifting Into Second Half
An indicator of U.S. supply chain pressure fell to the lowest level in two years, as a sharp drop in transportation costs underscores the slowdown in the nation’s economy heading into the second half of the year.