The American Trucking Association’s advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index fell 1.7% in April after decreasing 2.8% in March. Compared with April 2022, the SA index decreased 3.4%, which was the largest year-over-year decrease since February 2021. “While the broader economy continues to surprise and thus far stave off an expected recession, the…
Due to a significant annual increase in fatal car accidents during the 100-day span between Memorial Day and Labor Day, that period has become known as “The 100 Deadliest Days”. Over the past five years, nearly 3,500 people have been killed in crashes involving teen drivers during that time. Crash data from the National Highway…
For flatbed carriers, especially those in Texas and neighboring states, the falloff in oil and gas drilling activity is something to be concerned about. According to Baker Hughes, the U.S. oil and gas rig count fell by 44 in May, the biggest drop in three years as energy firms curtail investment in new drilling rigs.…
Traditionally the impact on spot rates over the summer resulting from increased demand for fruit and vegetables is significant. In a typical year, reefer spot rates increase on average by $0.29/mile between mid-April and July 4. Last year that didn’t happen mainly due to the multi-year drought in California, resulting in national reefer rates increasing…