The March reading of The Cass Freight Index shipments component fell 1.0% m/m in March as freight markets continue to work through an extended soft patch. “Mild weather this winter and Omicron a year ago supported volume comparisons in January and February, so the lower result in March was unsurprising. Soft real retail sales trends…
At last month’s Mid-America Truck Show (MATS) ProTalk sessions, numerous new carriers in the trucking industry asked what they should focus on. My answer was easy: understanding the demand for what you haul is critical to pricing, lanes, trailer type, freight market strategy, and profitability. In addition, new carriers must also invest in trusted and reliable…
For flatbed carriers and brokers, Texas has been a strong performer benefiting from the 2022 coastal shift in imports away from the West Coast. At $2.33/mile, excluding fuel, outbound linehaul rates in Texas are at the second-highest level in seven years. They are a direct result of the substantial increase in breakbulk import volumes into…
Around 10% of all containers imported into the U.S. are refrigerated, unlike their non-refrigerated counterparts, which mostly come from Asia and arrive on the West Coast—quite the opposite. According to the latest data from IHS Markit/Piers, almost half of March refrigerated imports came from Central America; 25% were loaded with bananas, with just under 60%…