Your Sept. 15 Pre-Trip: OOIDA appeals to block ELDs
Here are five things worth knowing today:
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Spot Rates Improve Little Over Past Week, Month
Spot truckload freight rates saw more declines than improvements in both new weekly and monthly figures released by DAT Solutions based on its load boards.
For the week ending Sept. 10, refrigerated freight posted the only gain in the three major sectors, with the average rate increasing 1 cent from the week before to $1.93 per mile. Prices showed gains in Philadelphia and Grand Rapids, but were lower in Dallas.
Dry van rates were unchanged at an average of $1.66 per mile, while flatbed rates dropped 3 cents to an average of $1.87 per mile. Outbound dry van rates rose in Dallas and Philadelphia, but fell in Los Angeles, according to DAT.
The number of total posted loads fell 13% from the previous week as truck posting declined 15%. The average fuel cost during the period fell 0.4% to a national average of $2.40 per gallon.
The drop in truck postings, however, translated into a 21% improvement in the flatbed load-to-truck ratio, coming in at 12.2 loads per truck.
In contrast, load-to-truck ratios fell for both reefers and vans, 9.1% and 0.4%, respectively. Reefer load posts fell 17% last week while truck posts declined 9%, yielding 6.0 loads per truck.
Van load posts and truck posts both declined 17%, indicating relative strength for the four-day Labor Day week, said DAT. More importantly, the van load-to-truck ratio held steady at 3.2 loads per truck, the highest ratio for vans since July.
Looking back at the entire month of August, spot truckload freight availability climbed as the number of loads on the spot market surpassed same-month levels from the previous year for the first time since December 2014, according to DAT's North American Freight Index.
Led by a 32% jump in van loads and a 31% gain in refrigerated freight, spot freight volume on the DAT network of load ...Read the rest of this story
Omnitracs introduces ELD driver retention solution
Omnitracs introduced its Omnitracs ELD Driver Retention Model, a predictive modeling solution that allows companies to identify and retain truck drivers who are most likely to voluntarily leave their jobs.
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Crestview Partners acquires Accuride
Accuride Corporation announced that it has entered into a definitive agreement to be acquired by funds managed by Crestview Partners, a New York-based private equity firm, for $2.58 per share in cash. The purchase price represents a premium of 55% over Accuride's closing share price on Sept. 1 and a premium of 66% over the 30-day volume weighted average price as of the same date, the company said.
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YRC Worldwide to Webcast Analyst Day
