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Transportation Costs Steady as Business Levels Flatten

Transportation Costs Steady as Business Levels Flatten

Transport Topics is reporting that the US economy showed steady business activity in February, with gains in the services sector offsetting declines in manufacturing. The report cites the IHS Markit flash composite purchasing managers’ index (PMI), which came in at 58.8 for the month, down slightly from January’s reading of 58.7, but still signaling strong growth. The services sector, which…

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Why is Diesel so Expensive??

Why is Diesel so Expensive??

On-Highway diesel Fuel prices are nearly double what they were just two years ago. What changed?   Freightwaves reported today: In 2019, the last full pre-pandemic year, [sic] West Texas Intermediate [crude] (WTI) averaged $18.63 a barrel, based on data from the daily settlements of the CME Group Inc. commodity exchange. It regularly dipped below $10 a barrel during the…

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Yellow Freight is back!

Yellow Freight is back!

Looks like the YRC name is going to fade away as YELLOW has been resurrected! With that, Yellow is hiring 1500 drivers and expanding their in house driver training program.  This is decidedly good news in an industry with diminishing capacity  

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