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The American Trucking Associations just released For-Hire Truck Tonnage Index increased 1.4% in September from the month before, matching the August gain.
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A strike by members of the International Longshoremen’s Association continues for a third day at the Port of Baltimore, crippling freight operations.
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Activity at the Port of Baltimore started returning to normal Friday afternoon after an arbitrator's ruling put striking workers back on the job. An arbitrator ruled Friday afternoon the strike by the ILA violated a “no-strike” clause in a national master contract the union signed off on earlier in the year.
Read More →FTR's Trucking Conditions Index reading of 9.52 in August is a full point improvement from the July reading.
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Freight costs continued to rise in September, showing the largest month-to-month increase since March, but it's not due to a raise in rates. Meanwhile, North American shipment volumes also rose for the second month in a row, according to the Cass Freight Index.
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The amount of freight carried by the for-hire transportation industry in the U.S. rose 0.4% in August from July, rising for the second consecutive month to reach the second highest level in the history of the Bureau of Transportation Statistics’ Freight Transportation Services Index which goes back to 2000.
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Intermodal rail traffic in the U.S. during September hit the second-highest weekly average of any month on record, according to new figures from the Association of American Railroads.
Read More →A more than two-year streak in U.S. auto sale gains came to an end in September, but don’t read too much into the decline, say analysts. Early estimates show new sales fell 4% in September compared to the same time a year ago, to a little more than 1.1 million vehicles.
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Florida Gov. Rick Scott and members of the Florida Cabinet have approved $150 million in bond proceeds to finance projects at Florida ports through the Seaport Investment Program
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DAT overall spot market load availability increased 2.3% September 15-21, compared to the previous seven days. This follows earlier released figures showing August was down 1.8% from the month before but was up 16% compared to the same time a year ago.
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