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The number of loads on the spot truckload freight market jumped 3.6% during the week ending March 24 while truck capacity increased 1.3%, according to DAT Solutions.
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Jonathan Randall, Mack senior vice president, worries about who will drive all the trucks his company is building today.
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The amount of freight carried by the nation’s for-hire transportation industry, fell 0.4% in January from the month before, after it reached an all-time high in December, according to newly released figures from the Transportation Department's Freight Transportation Services Index.
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Manufacturing activity this month hit a three-year high, while other reports showed healthy increases in where the economy is headed over the next several months.
Read More →The Federal Reserve signaled its confidence in the economy on Wednesday when raised a key interest rate for the sixth time since 2015 – but this also could lead to trucking companies needing to rethink how they are handling their loans.
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Trailer orders are expected to hit 32,000 units in February, a number that, if it holds true, would be a record for that month, according to preliminary reports from FTR.
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Trucking posted the biggest loss of the five major transportation modes when it came to the value of U.S. freight moved between Canada and Mexico last year, according to new Transportation Department figures.
Read More →Industrial production in the U.S. rebounded from a drop at the start of the year, as consumer sentiment is the best in more than a decade – but there's a decline reported in parts of the new-home-building market.
Read More →Retail sales in the U.S fell for the third straight month in February, according to new government numbers, pointing to slower economic growth in the first quarter. Separate reports about inflation showed it cooled at both the retail and wholesale levels.
Read More →Employers in the U.S. added far more jobs in February than analysts were expecting, but there are some concerns about the nation’s manufacturing sector as consumer credit slowed and the trade deficit hit a near 10-year high.
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