According to Federal Reserve Economic Data (FRED), manufacturing production edged down 0.6% in January after recording no change in December. Compared to January last year, manufacturing output declined 1.3% year-over-year (y/y). The Federal Reserve’s monthly index of industrial production and the related capacity indexes and capacity utilization rates cover manufacturing, mining, and electric and gas…
It’s time to “Spring Forward” as Daylight Saving begins this Sunday, March 10th Despite many Americans’ aversion to having to “spring forward” and “fall back” each year because of daylight saving time (DST), recent attempts by states to switch to permanent DST have gone dark. That is despite growing support to eliminate the changing of…
The contract freight market continues to soften following last month’s 3.5% m/m drop in the American Trucking Associations’ (ATA) advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index. The ATAs tonnage index, which includes truckload and LTL freight, is dominated by contract freight with minimal spot market loads. Compared to January 2023, the SA index fell…
In the fast-paced world of freight brokering, marketing often takes a back seat. But here’s the truth: it’s not just about promoting your business; it’s about securing your future success. We tackle the nuts and bolts of freight broker marketing in our new guide, “Marketing 101: A no-nonsense guide for freight brokers.” It’s an indispensable…
According to the USDA (U.S. Department of Agriculture), contributing to lower reefer volumes of fresh and frozen beef is the shrinking inventory of cattle, down 2% year-over-year (y/y) and the lowest in 73 years. For reefer carriers, the truckload volume of beef has dropped by 14% since the 20-year record high in March 2022, or…