Spot market volume slipped and average truckload rates edged downward during the week ending Jan. 24, according to DAT Solutions, which operates the DAT network of load boards.
Penske Logistics has filed a petition seeking to have the United States Supreme Court review the Ninth Circuit Court of Appeals decision in the matter of Dilts et al. v. Penske Logistics LLC and Penske Truck Leasing Co., L.P.
For states in the northern half of the country, particularly the Midwest and Northeast, tough winters are expected. Prolonged freezing temperatures and heavy snowfalls rarely catch anyone off guard in those regions.
FTR has released preliminary data showing November 2014 North American Class 8 truck net orders at 40,560 units indicating an extremely strong truck market. This is the second consecutive month above the 40,000 level. November order activity, similar to the previous month, was concentrated at a few OEMs with the remainder falling short of October order input. Class 8 orders have totaled an impressive 363,000 in the last 12-month period.
Compared to other regions, telematics in Latin America has historically been more focused on risk management. However, some markets like Brazil are beginning to mature while other new markets like Chile, Colombia, Peru and others are not as focused on security, proving that fleet management in Latin America is finally moving to other applications.
Canadian Tire is pushing the envelope and has developed a 60-foot container that has received government approval and will soon by deployed on multiple lanes.
October saw a record demand for the trailer industry, with 47,810 net orders placed, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co.
FTR's Shippers Conditions Index for September, at a reading of -6.6, is basically unchanged from the previous month reflecting continued capacity shortages that degrade service and push rates higher. With sustained capacity tightness and fleets now announcing pay increases, the cost to ship goods is expected to remain elevated. The typical slowdown in freight tonnage during the winter months will only offer a minor and short term reprieve with the Shippers Conditions Index (SCI) expected to remain in the current range for the foreseeable future.
Available loads and capacity were both up during the week ending Nov. 15, according to DAT Solutions. The number of spot market loads posted on the DAT network of load boards increased 2.7 percent compared to the previous week while the number of van, refrigerated and flatbed trucks rose 4.5 percent.