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Despite a partial government shut down last month, resulting in hundreds of thousands of people being out of work and with no paychecks, retail sales in the U.S. unexpectedly increased.
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It notes year after year the holiday shipping season shows an increase in cargo theft risks for transportation companies, shippers and manufacturers.
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While there was more freight to haul over the past week on the spot market, freight rates moved little, according to the freight matching service provider DAT
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The U.S. Department of Transportation proposed a series of key highways to serve as a highway Primary Freight Network, as required by the Moving Ahead for Progress in the 21st Century Act. The notice appeared in today’s Federal Register.
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Trucking, which carries three-fifths of U.S.-NAFTA trade, rose 0.7% while rail rose 3%. Vessel declined 2.6% and air 2.4%.
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Total spot market loads available to haul increased 4.9% Oct. 27 through Nov. 2 compared to the previous seven days, while spot market capacity fell 2.3%.
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Industrial production in the United States increased in September, posting its biggest gain in seven months. This follows a report Friday showing shipments of manufactured durable goods hit their highest level on record going back to 1992 -- but consumer confidence took a nosedive.
Read More →The suit by small property brokers against new bond requirements is back in motion after a federal magistrate lifted a stay, clearing the way for legal arguments over moving the matter to federal appeals court.
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While national average rates for vans and refrigerated rates dipped slightly, spot market capacity and demand on the DAT network of load boards remained seasonally elevated during the week ending Oct. 19.
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The logistics security services company, FreightWatch International, reports in the third quarter of the year it recorded a total of 231 thefts in the United States, the same amount as a year ago, but the value of each theft averaged less.
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