Darcy MacClaren, chief revenue officer at SAP Digital Supply Chain, says current trucking freight rates are a barometer of the state of the industry, and the downstream effects of higher inflation, including increased driver wages, fuel prices and interest rates have potential to boost freight rate...
Trucking executives in the U.S. are fanning optimism that the end of their recession may be close as freight rates look set to grow for the first time in nearly two years. The average cost of moving goods by truck is set to rise 0.2% year-on-year in July, after 27 consecut...
Here, we share the key freight brokerage industry trends driving growth in the space and the key company differentiators to look for in leading companies.
Why does Class 8 truck manufacturing data matter? In the highly competitive trucking industry, freight rates are determined by supply and demand. Both are critical, but in our analysis, supply is the single best predictor of rates over the long term. If you understand whe...
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Global freight rates across all modes increased owing to the global oil impact of the Russia-Ukraine War European nations lead in overall rankings and road quality, US focuses on freight rail networks Manufacturing and retail and wholesale sectors drive the global economy on the back of huge inves...
Similarly, the latest release of ACT Research’s For-Hire Trucking Index, with March data, showed further contraction for both volumes and freight rates, now at 42.4 and 43.2 respective index readings. Productivity, while neutral at 50.0, likely was supported by the temporary pantry-stocking pheno...
The latest industry survey by the consultancy group Transport Capital Partners sees a shortage of capacity and lack of qualified drivers changing the dynamics of freight, with trends in capacity and rates also contributing to a decline in broker freight. According to the group, the trucking trade ...
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