Keep pulling the thread on Donald Trump.
The current spread between contract and spot freight rates is 78 cents per mile, with spot being cheaper.
The Panama Canal is facing significant operational issues due to low water levels.
Craig Fuller predicts that with West Coast port labor issues resolved, shippers will find it an attractive import gateway this year, potentially leading to a resurgence in its market share versus the East Coast.
Craig Fuller predicts that the rate of large-scale trucking bankruptcies will accelerate significantly in the second half of the year.
Laredo has reaffirmed its status as the largest port in the United States by freight volume.
Retailers are indicating a preference for risking stock-outs rather than being over-inventoried during the upcoming holiday season.
The student loan deferment program kept an average of $385 per month, totaling over $15,000 over three years, in the wallets of affected consumers.
Student loan payments are set to resume by September, requiring 25 million Americans to begin paying an average of $385 per month again.
Current line haul spot freight rates, net of fuel, are on par with 2019 levels, which represented one of the worst freight markets in history.
Trucking carriers' operating costs per mile, excluding fuel, have increased by as much as 30 cents since 2019, resulting in a significant loss in cash flow.
The number of registered trucking companies and trucks available for dispatch has increased by over 25% since 2019.
Old Dominion's freight tonnage volume in May was down 14.4% year-over-year.