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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…
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…
General Average Declared for Ever Given Suez Disruption
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
Rates surge, no ‘significant rate relief’ in 2021, Cass says
COVID-19, the Coronavirus, is presenting some challenges in the LTL world that shippers need to be aware of.
Transport Topics is reporting today that the FMCSA has offered Hours of Service Rules relief to driver’s transporting medical supplies, food and fuel to areas affected by the COVID-19 outbreak.