Intermodal
News from the intermodal freight transportation industry.
DAT freight trends on the spot market – Sept 21-27, 2020
| September 30, 2020 | Intermodal | Trucking
Demand for truckload capacity on the spot market inched higher and national average spot rates stayed elevated during the week ending Sept. 27, said DAT Freight & Analytics, which operates the industry largest network of load boards. The number of loads posted to the DAT One load board network was unchanged compared to the previous week and the number of available trucks fell 2.6%. While spot rates remain elevated, the pace of price increase over the past five months has tapered in recent weeks.
Rail traffic for the week ending September 26, 2020
| September 30, 2020 | Intermodal | Rail
The harmful effects of large package price increases on businesses, consumers and the US Postal Service
| September 30, 2020 | Intermodal | Trucking
OmniTRAX and Tiffin-Seneca Economic Partnership launch rail-ready sites program to bring jobs and growth to NW Ohio
| September 30, 2020 | Intermodal | Rail
New truck parking lot being built in CargoCity South
| September 30, 2020 | Air Cargo | Airports | Intermodal | Trucking
Nikola pushes back on skeptics by showcasing in-house tech
| September 29, 2020 | Intermodal | Trucking
Rapidus launches new AI-powered service that optimizes logistics of last-mile delivery
| September 29, 2020 | Intermodal | Logistics | Trucking
Retail shipments boost van rates
| September 29, 2020 | Intermodal | Trucking
Spot market demand for dry van truckload shipments picked up steam again last week, with retail freight leading to tighter capacity and higher rates as we head into the Fourth of July.
Southeastern Freight Lines launches Final Mile service system-wide
| September 29, 2020 | Intermodal | Trucking
350+ Trucks Ready to Make Residential, Store Deliveries
Transportation leader Trans-System selects LACED Agency as agency of record
| September 29, 2020 | Intermodal | Trucking
Konexial updates My20 to reflect Hours-of-Service Final Rule from FMCSA
| September 29, 2020 | Intermodal | Trucking
Konexial announced the release of My20 20.10.1, which reflects the Federal Motor Carrier Safety Administration (FMCSA)’s Hours-of-Service (HOS) Final Rule revisions on driving limits for commercial motor vehicle drivers.
Alberta eyes oil route after Trump OKs Alaska rail link
Davies Turner leaps up Sunday Times PwC Top Track 250 league table
| September 28, 2020 | Intermodal | Trucking
Davies Turner Plc, the long-established international freight and logistics company, has jumped 42 places to 119th position in the latest Sunday Times PwC Top Track 250 league table, sponsored by PwC and Lloyds Bank.
Autonomous vehicles powered via wireless charging point to a cost-effective future
| September 24, 2020 | Intermodal | Trucking
The unlikely convergence of a global pandemic and electric vehicle technology is driving delivery fleets to adopt electric vehicles at ever increasing rates. The coronavirus pandemic has reportedly caused a huge spike in package delivery. According to CNBC.com, UPS for instance, delivered up to 21.1 million packages a day in the second quarter of 2020, a nearly 23 percent jump in average daily U.S. volume from a year earlier.
Truckload Turnover Plunges in Second Quarter Pandemic has ‘Profound Impact’ on Driver Market
| September 24, 2020 | Intermodal
National freight strategic plan will strengthen nation’s competitiveness
| September 24, 2020 | Intermodal | Trucking
Port Freeport enters partnership with Cemex Servicios Logisticos and Union Pacific Railroad
FTR’s Shippers Conditions Index for July Falls to Negative Territory
| September 24, 2020 | Intermodal
The FTR Shippers Conditions Index (SCI) fell into negative territory for the first time since August 2018, with a -0.36 reading. After a huge positive spike as COVID-19 impacted freight movement, the SCI now reflects a continued weakening of shippers’ market conditions. Freight volume and utilization were actually more favorable to shippers in July, but the rate environment swung from significantly positive in June to a significantly negative reading in July. After a near term slightly negative view for the SCI, FTR expects potential increased capacity to push the index back into the positive range by Q4 and through 2021. However, continued high capacity utilization is a significant risk. Todd Tranausky, vice president of rail and intermodal at FTR, commented, “It has been harder than expected to bring truck drivers back into the driver pool. This has created tightness in the truckload market that has bled over into the intermodal space. It is unknown how long the present situation will last, as it may be related to retail restocking or part of a longer-term shift in spending away from services and toward goods. A shift toward goods would result in stronger freight demand and worse conditions for shippers.” The September issue of FTR’s Shippers Update, published September 9, details the factors affecting the June Shippers Conditions Index and provides the forecast for this index through June of 2021. The additional commentary in this report analyzes the risks to the freight market from inventories-to-sales ratio disparities in the supply chain resulting from the COVID-19 pandemic. The Shippers Conditions Index tracks the changes representing four major conditions in the U.S. full-load freight market. These conditions are: freight demand, freight rates, fleet capacity, and fuel price. The individual metrics are combined into a single index that tracks the market conditions that influence the shippers’ freight transport environment. A positive score represents good, optimistic conditions. A negative score represents bad, pessimistic conditions. The index tells you the industry’s health at a glance.
Nikola gets first sell rating as ‘dark cloud’ gathers
| September 24, 2020 | Intermodal | Trucking
Channel Tunnel spat risks severing vital UK-France link
| September 24, 2020 | Intermodal
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