While manufacturing output remained on the right side of growth in October, the growth occurred at a slower rate relative to previous months, according to the October edition of the monthly Manufacturing Report on Business issued by the Institute for Supply Management.
Various events are creating the tightest TL market in at least four years—and our experts say that it’s going to get tighter and rates are going to go higher over the next year.
This marks the highest weekly average price in more than two years, going back to the week of July 6, 2015, when it stood at $2.832 per gallon. And this continues a stretch of weekly gains on the heels of 1-cent and 0.4-cent gains the last two weeks.
As e-commerce fulfillment pressure continues to climb, our annual survey points to the many changes taking hold—from more investment in automated approaches to piece picking, more use of robotics, increased interest in throughput metrics and general process improvement.
For August, the most recent month for which data is available, the SCI fell to -6.7, a sharp decline from July’s -0.1 and June’s -0.7.
Today’s freight forwarders now need to ramp up their value-added visibility services in an effort to boost revenues and put shippers at ease.
Freight shipments and expenditures in September each saw annual increases, according to the most recent edition of the Cass Freight Index Report from Cass Information Systems.
“Uber for freight.” “On-demand trucking.” Call it what you want, but the race to develop mobile apps to match an available truck with a pending load is heating up—and the players are well-funded and looking to stand out in an already saturated market.
While the Trump administration works to water down some trucking regulations, states are more aggressive than ever in their pursuit of more revenue.
Class I railroad carriers CN and Norfolk Southern announced they have partnered up on a new joint interline service offering for carload traffic between Western Canada and NS’s Eastern-based U.S. destinations. CN and NS officials said that this endeavor will reduce transit times for these routes by one to two days.Details