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Freight Rates Continue to Decline
Alongside the declining spot rates in the trucking market has been a concurrent decrease in freight volume moved. The DAT Truckload Volume Index (TVI) listed the dry van, reefer, and flatbed TVI from January to February. Both dry van and refrigerated truckloads fell close to 8%, while flatbeds surprisingly were up 7.9%. It is unclear if the decreasing amount of cargo moved is a direct cause of the lowering of transportation rates. The same can be said vice-versa; however, this can also reflect a deceleration in the trucking industry.
How to Transport Hazardous Cargo Domestically
Hazardous cargo is any goods that threaten health, safety, or the environment when shipped. Often referred to as hazmat, specific rules and regulations should be followed when transporting this type of freight. Alcohol, car batteries, ammunition, and paint are all examples of this type of shipment. This article will focus on the domestic transportation of hazmat.
What you Need to Know About Drayage
If you are still getting with shipping, this may be your first time seeing the term drayage. However, this is one of the most common words used in the transportation industry. Drayage is a type of trucking service where trucks transport goods over short distances, which can include: Inter-carrier; intra-carrier; pier; shuttle; and expedited.
How Will Future Emission Standards Affect Trucking
On March 7, 2022, the U.S. Environmental Protection Agency (EPA) announced a plan for new emission standards for trucks. The proposed standards for heavy-duty trucks will be stricter than the previous ones, which haven’t changed in 20 years. The EPA will implement these guidelines to reduce air pollution by limiting the amount of nitrous oxide admitted.
Why are Truckers in South Korea on Strike?
The Trucking Transport Business Act planned on keeping the pricing system for three years after the commencement. However, truckers are protesting to make the system permanent, with the last day being the end of this year. Inflation and surging fuel prices are the main reasons behind wanting to keep the system.
Is The LTL Industry Slowing Down?
While a potential slowdown may concern shippers, it should not stop the cargo flow. A benefit that can come from the current LTL industry is that the costs for shipping may go down. However, getting in touch with a freight broker can also lead to finding the best prices for moving goods.