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Growth for the nation’s economy picked up dramatically in the second quarter of the year with the gross domestic product increasing at an annual rate of 2.5%.
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There could be a lot more freight for trucking to move in the future from the nation’s manufacturing sector.
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The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.4% in August after falling 0.6% in July. The latest gain was the largest since May.
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ANAHEIM -- The trucking industry is looking at a severe capacity crunch in coming years with a variety of factors contributing to the situation, according to Bob Costello, chief economist of the American Trucking Associations.
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Containerized cargo volume at the Port of Long Beach surged 16% in August compared to the same month a year ago, with double-digit percentage gains in both imports and exports.
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U.S. Senators Patty Murray, D-Wash., and Maria Cantwell, D-Wash., have just introduced legislation they say would support the American trade economy and significantly strengthen American ports.
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Freight carried by the for-hire transportation industry rose 0.3% in July from June, rising after a one month decline.
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If increased traffic along the nation’s highways is a accurate indicator of increased commerce and an improving economy, then things are better overall than they were the same time a year ago according to one firm, Inrix, which monitors traffic congestion.
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New figures from the freight matching service provider DAT show available freight on the spot market has fallen over the past week.
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Freight rates on one leading spot market have declined over the past week, but they remain stronger than usual for this time a year, especially in two sectors.
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