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Rates on the spot market keep heading higher, with all three major sectors posting increases, according to the freight matching service provider DAT.
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New figures show biggest driver of the U.S. economy increased last month while the overall economy grew more than estimated a month ago.
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Rates on the spot market have recovered after generally moving lower a week earlier, according to new figures released from the freight matching service provider DAT.
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123Loadboard.com has launched a mobile trucking app for Apple iOS devices such as iPhone and iPad that's designed to help professional truckers locate truck loads in the U.S. and Canada.
Read More →Shareholders of CSAV have approved a merger with one-time rival Hapag Lloyd, creating the world’s fourth largest container carrier.
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This happened as total load volume on the spot market increased 7.2% with truck capacity up by 6.4%.
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The U.S. Labor Department reports the Consumer Price index increased 0.1% in February from the month before, the smallest hike since last October, while gaining just 1.1% over the last 12 months.
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The American Trucking Associations' For-Hire Truck Tonnage Index performed better in February after plunging 4.5% in January, but weather was still a factor in the numbers.
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Manufacturing increased 0.8% compared to the month before, nearly erasing a 0.9% decline in January, which the Fed attributed to extreme weather.
Read More →The 0.3% increase follows a downwardly revised 0.6% decline in January while the December drop was revised down to 0.3%.
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