Capacity pressure eased during the week ending June 14 as spot truckload freight availability dipped 0.7 percent and the number of available trucks increased 12 percent, according to DAT Solutions, which operates the DAT network of load boards.
Spot market freight availability as measured by the DAT North American Freight Index has run high since July 2013 due to factors including extraordinary weather events, regulatory changes and driver shortages. May 2014 extends the trend, becoming the eleventh consecutive month to post a year-over-year record high, a 40 percent increase over last May. Month over month, however, May freight volumes declined 2.1 percent compared to April.
Twenty years after NAFTA, the failure of member countries to invest in adequate border infrastructure is catching up with us. To reverse the drag on our competitiveness, North America needs an infrastructure bank. To this end, Canada should join and lead the transformation of the North American Development Bank.
Results published by the Canadian General Freight Index (CGFI) indicate that the total cost of ground transportation for Canadian shippers increased by 0.75 percent in February when compared with January results.
Supply chain fleet managers are the uncelebrated heroes of today's economy. By orchestrating the vital link between supplier and consumer, they are responsible for ensuring the uninterrupted flow of commerce despite numerous challenges affecting productivity, safety and customer satisfaction. Here is a look at the top supply chain fleet management challenges in 2014, along with key tips to help fleet managers overcome those challenges.
Ninety-three percent of companies canvassed said the fuel surcharge (FSC) is the most common accessorial published by shippers, with the vast majority utilizing a cents-per-mile-based schedule versus a percentage-based fuel method.
Spot market freight availability rose 10 percent in December 2013 compared to November, according to the DAT North American Freight Index, capping two quarters of unusually strong seasonal volume. Typically, freight levels peak in the second quarter of the year, fall in Q3, and remain low through year end. This year, a high plateau remained through most of the second half of 2013, according to the company.
North American shipment volume continued on a downward path in November, according to the Cass Freight Index. The dip was not unexpected, as this is the same weak year-end movement observed for the last three years. Stronger than expected manufacturing activity and shipments of seasonal goods offset a general slowing of freight movements to temper the drop in shipment levels.