For October, the most recent month for which data is available, the TCI reading sank to -11.25, well below September’s -2.35, for its lowest reading since the all-time low of -28.66 in April…
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When looking at the current state of the economy, specifically with a freight transportation and logistics focus, it seems like, in different ways, that there may be cause for optimism as well as…
Rail carloads—at 226,977—were down 3.2%, and intermodal containers and trailers—at 249,255—fell 7.5% annually.
Total November volume—at 1,390,155 units—was down 2.5% annually. Trailers—at 68,551—fell 30.8%, falling short of October’s 30.1% annual decline. Domestic containers—at 656,847—were off 3.6%. And all domestic equipment, which is comprised of trailers and…
Quarterly revenue—at $22.8 billion—was off 3% annually, and net income—at $788 million—fell 25%. Operating income—at $1.176 billion—was off 26%. Diluted earnings per share—at $3.07—dropped 21%, topping Wall Street estimates of $2.83.
The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index, for November, came in at 114.7 (2015=100), down 2.5% compared to October’s 117.6 reading, and eked out a 0.8% annual increase, marking its…
For the week of December 19, the average price per gallon—at $4.596—dropped 15.8 cents, following a 21.3-cent decline, to $4.754, for the week of December 12.
STB said that the two final rules are comprised are a voluntary arbitration program, as well as a new procedure for rate challenges, known as a Final Offer Rate Review (FORR). STB initially…
The United States Department of Transportation (DOT) recently announced it published a Notice of Funding Opportunity (NOFO) for $1.5 billion in grants through its 2023 Rebuilding American Infrastructure with Sustainable and Equity (RAISE)…