Cass Freight Index highlights ongoing gains in shipments and expenditures
In February, freight shipments and expenditures each saw annual gains, with shipments up for the 17th consecutive month and expenditures up for the 14th consecutive month.
In February, freight shipments and expenditures each saw annual gains, with shipments up for the 17th consecutive month and expenditures up for the 14th consecutive month.
FTR said that the January reading represents upward trajectory reflecting maxed out capacity and the accompanying rate increases being realized by carriers, adding that trucking conditions have been unusually strong in the first quarter with carriers approaching the most favorable environment they have experienced in 14 years.
Railroad service issues once again have the attention of the Department of Transportation’s Surface Transportation Board (STB), with STB Acting Chairman Ann Begeman and Vice Chairman Deb Miller penning letters to the top executives at the seven North American Class I railroads, requesting each carrier’s service outlook for both the near term and the rest…