Your Jan. 11 Pre-Trip: Getting to know Transportation Secretary Chao
Here are five things worth knowing today:
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Spot Truckload Freight Market Sees Weekly, Monthly Gains
Unseasonably high freight volumes combined with higher fuel prices and rough winter weather pushed spot truckload rates upward to start 2017, according to DAT Solutions and its network of load boards, while a separate measure showed the market improved for the sixth straight month in December.
The total number of posted loads increased 17% while available capacity was up 9.5% during the week ending Jan. 7 compared to the previous week. National average rates for reefers increased 5 cents to an unseasonably high $2.03 per mile while van added 4 cents for $1.77 per mile. In contrast, the average flatbed rate fell 3 cents to $1.92 per mile.
All rates include fuel surcharges and this most recent activity happed as national average price of on-highway diesel gained a penny to $2.60 per gallon.
This tighter capacity pushed van and flatbed load-to-truck ratios higher, while refrigerated freight dipped. The van load-to-truck ratio increased 10% to 4.9 loads per truck while flatbeds jumped 7% to 28.6 loads per truck. Reefers fell 4% to 10.7 loads per truck.
Van activity picked up gradually in the week following the holidays. Van load posts were up 20% compared to the previous week and truck posts increased 9%. But rates fell sharply in many key markets over the past week especially in the Midwest and West including:
Los Angeles, $2.08 per mile, down 8 centsChicago, $2.12 per mile, down 11 centsHouston, $1.57 per mile, down 2 centsAtlanta, $1.96 per mile, down 3 centsPhiladelphia, $1.75 mile, down 3 centsDemand for reefer trucks slipped compared to the boom week between Christmas and New Year's but the load-to-truck ratio remained unseasonably high. Spot market load posts increased 3% but truck posts rose 7%. According to DAT, freight volume kept climbing in Nogales, Arizona with Mexican produce crossing the border, and load counts also started ...Read the rest of this story
Cops hunt for Oakville truck hijackers
Cop hunt for Oakville truck hijackers
Omnitracs adds mobility to Virtual Load View
Omnitracs announced the addition of a mobile application to its Virtual Load View (VLV) product, a solution that replaces manual tracking of shipments by providing access to real-time data, including the ability to improve tracking and identify when loads are falling behind schedule.
According to the company, Omnitracs' Virtual Load View helps brokers, shippers and carriers track loads through their own back office systems.
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Kapsch named toll provider for I-77 project
Kapsch TrafficCom (Kapsch) announced I-77 Mobility Partners has awarded it a contract to be the toll system provider and system integrator for the Interstate 77 Express Lanes project in Charlotte, NC.
According to the company, the venture comprises the end-to-end design, installation, and ongoing maintenance of the project's field-level systems. The project represents North Carolina's first express lane and concession-led project, as well as one of the first toll facility construction projects in Charlotte.
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ATA announces 2017-2018 America’s Road Team
American Trucking Assns. named 20 professional drivers to the 2017-2018 America's Road Team, an elite group of professionals who serve as trucking industry ambassadors.
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