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Contract van rates took a $0.14 hit from November to December. This marks the most significant MoM decrease in contractual rates this year. On the other hand, spot rates jumped $0.02 MoM, from $2.38/mile including fuel on average to $2.40, according to DAT. This marks the first increase in DAT’s spot rate
Seasonally adjusted Jobless claims are now at their highest point since August, jumping 17,000 WoW. Claims mimicking 2021 levels currently, however, in a much different landscape. Last year claims were starting to trend downward by the latter half of September, while claims this year have been rising intermitted over the same period.
The Brotherhood of Locomotive Engineers and Trainmen or the BLET agreed to approve a deal that would keep its 24,000 members from striking during the next legal protest period on December 9th. The SMART transportation division however, just barely failed to reach an agreement, with 50.87% of their members voting no on
After making a comeback in the latter half of October accepted volumes plummeted the first week of November, falling 8% from Oct 31st to Nov 4th. Jobless claims remained unchanged as last week’s claims were revised down by 1000 from 218k to 217k. Claims on average for the month of Oct coming in at
Contract load accepted volumes made a bit of a comeback in the latter half of October, Increasing 4% over a 2.5 week period. Still down about 5% from 2020 and 11.5% from 2021. Overall accepted volumes remain above pre-pandemic levels, however are not expected to rise significantly as they typically would during
Diesel stockpiles reached a 25-day low as: domestic output has decreased over the past couple of years, Russian oil sanctions remain, and US seasonal demand for diesel reached its highest level since 2007. The Northeast region consumes more diesel for residential heating than anywhere in the US. Currently, their reserves are a
According to the U.S. Census Bureau's most recent release of international trade in goods and services, imports of goods decreased by $4.1 billion to $270.1 billion. While areas such as industrial supplies and capital goods fell by $4.7 and $1.1 billion respectfully, automotive vehicles, parts, and engines however increased by $1.1 billion.
The ISM.PMI came in at 50.9 percent last month, almost 2 points below August and the lowest reading we’ve seen since May of 2020. While anything over 50 does represent expansion, the rate of growth has either decreased or remained stagnant since May of this year. Of all the PMI’s subsets, inventory
Hurricane Ian made landfall last week with winds reaching upwards of 155 miles per hour; just 2 miles per hour shy of a category 5 hurricane. The devastation left behind in Fort Meyers and the surrounding areas will be felt for years to come. There are currently over 400k power outages along the
Hurricane Ian expected to make landfall on the West Coast of Florida Thursday morning as a category 3 with powerful winds gusts capable of reaching upwards of 120 MPH. Peak storm surges capable of reaching 5-10ft in the Fort Myers and Tampa Bay areas could lead to significant flooding. Surges coupled