The California Air Resources Board has thrown open the door on comments to its proposed Advanced Clean Fleet (ACF) rule, which sees a phaseout of diesel-powered trucks in the state, even as CARB still does not have the waiver it needs to make it a reality. That proposal includes an acceleration of the target […]
Read MoreAccording to Uber Freight’s first-quarter update on global freight markets, trucking operators are expected to face unfavorable market conditions in the first half of 2023. The truckload supply has exceeded demand, which is attributed to decreased imports and lower consumer spending. The market weakness is likely to continue due to a broad-based volume recession, […]
Read MoreThe ATA’s For-Hire Truck Tonnage Index decreased a further 2.5% in November following a drop of 1.2% in October. The Tonnage Index is largely calculated on contract freight, rather than the spot market freight. “For-hire truck tonnage saw the largest single monthly decrease in November since the start of the pandemic and a total […]
Read MorePublic attention has waned two years into the crisis that disrupted global supply chains, giving the impression that everything is back to normal. On the ground, the US’s busiest port complex is still battling bottlenecks across the board. Responsible for 42% of all containerized trade with Asia, the US’s largest hubs of Los Angeles […]
Read MoreTruckload rates for U.S. spot market loads has cooled in the last three months. The market correction in trucking is currently limited to dry-van and temperature-controlled truckload, while demand and rates remain elevated for flatbed, less-than-truckload (LTL), and last-mile and parcel freight. Donald Broughton, transportation analyst and principal of Broughton Capital, said there is […]
Read MoreThe American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index was unchanged in February after increasing 0.4% in January. Compared with February 2021, the SA index rose 2.4%. Demand for trucking freight services remains strong. The fact that the tonnage index hasn’t fully recovered is a supply problem, not a lack of […]
Read MoreThe Loadstar According to the latest Road Freight Rate Benchmark published by Transport Intelligence (Ti) and Upply, high prices across Europe have been driven by driver shortages, rising fuel costs, supply chain congestion and a supply-demand imbalance. The Benchmark index stood at 108.3 in Q4 2021, higher by 1.1 points than in Q3 2021 […]
Read MoreBy Alex Lennane THELOADSTAR The southern China air freight market has changed “dramatically” as Covid rages in Hong Kong, severely impacting the local trucking market to and from the mainland. Forwarders estimate there is a 70% cut in truck capacity, further diminishing Hong Kong’s air export market. “Cross-border trucking has been impacted a […]
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