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The freight logistics sector slowed in July, following a seasonal trend, with both freight shipments and freight payments down 3.9% from the previous month, according to the latest Cass Freight Index.
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A refrigerated intermodal container service between the Pacific Northwest and the Midwest has ended due service from partner BNSF Railway that allegedly was not so hot.
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International containers increased 9.6%, trailers improved by 4.3%, and domestic containers grew 7.6% quarter-over-quarter, all indications that the intermodal industry is recovering from a harsh winter and a contracted economy.
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Contract logistics provider, Exel, and its sister logistics company, DHL Supply Chain, have formed a new freight brokerage company, Exel Freight Connect.
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Freight tonnage will grow 23.5% from 2013 to 2025 and freight revenues will jump 72%, according to the American Trucking Associations' U.S. Freight Transportation Forecast to 2025, a look at the future of freight. It predicts continued growth for both the trucking industry and freight economy overall.
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Spot market freight rates has declined across the board in the most recent week, following healthy gains the week before, according to the freight matching service provider DAT.
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U.S. Transportation Secretary Anthony Foxx received a report this week from the Department of Transportation’s National Freight Advisory Committee making 81 recommendations to improve the performance of the nation’s freight transportation system.
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The amount of freight carried by the for-hire transportation industry rose 0.6 percent in May from April, rising for the fourth consecutive month, according to the U.S. Department of Transportation’s Freight Transportation Services Index released Thursday.
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Rates on the spot market soared over the past week, according to new figures from the freight-matching service provider DAT. Flatbeds led the hikes gaining 4.1% June 29 through July 5, compared to the previous seven days, hitting $2.54 per mile.
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This is going to be a banner year for the logistics industry, says Rosalyn Wilson in the 25th Annual State of Logistics Report. The economy last year was not stellar and business inventories plummeted in the first period this year as a consequence of bad weather, but freight is gaining now, Wilson says in a Tuesday presentation at the National Press Club.
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