A newly released index of trucking rates shows the gap between declining spot freight rates and contract pricing is continuing to widen, providing evidence that shippers could have the upper hand in negotiations over long-term freight rates in the months ahead.
January 8, 2016Business
Element Fleet Management Creates Cost of Ownership Index
Element Fleet Management has created a cost of ownership index whose initial assessment shows a decline of 14 percentage points year-over-year in those expenses due to lower fuel prices.
May 23, 2016Business
Producer Prices Climb on Services Costs
Wholesale prices in the U.S. unexpectedly increased in October as higher costs for services and food outweighed a slump in energy.
November 19, 2014Business
Producer Prices Decrease for First Time in a Year
Wholesale prices in the U.S. unexpectedly fell in September for the first time in a year, propelled by a drop in fuel costs that continues into this month, the Labor Department reported.
October 15, 2014Business
Wholesale Prices Fall 0.2% in May
Wholesale prices in the U.S. unexpectedly fell in May, suggesting demand isn’t robust enough to push inflation closer to the Federal Reserve’s target.
June 13, 2014Business
Cass Freight Index Improves in March
The March Cass Freight Index rose 0.4% over the same month last year and improved 6.6% above February’s level, reflecting an improving market for motor carriers and other transport providers.
April 9, 2014Business
FTR Trucking Index Dips; Group Cites Tight Capacity
FTR’s Trucking Conditions Index fell in February, and adjusted for the severe weather the index would have been above a reading of 10, making it the tightest truck market on record, the group said April 2.
April 2, 2014Business
DOT Freight Transportation Index Declines in December
The Department of Transportation’s freight transportation services index declined in December from the highest level on record the prior month, DOT said Feb. 12.
February 12, 2014Business
FTR Trucking Conditions Index Dips in November
Business conditions for trucking worsened in November from the previous month but were still positive overall, industry analysis firm FTR said.
January 24, 2014Business
Producer Prices Rise for First Time in Three Months
Prices paid to U.S. producers rose for first time in three months, increasing 0.4% in December, the Labor Department reported Jan. 15.
January 15, 2014