LTL carriers push general rate hikes despite lackluster US freight demand
Some of the largest less-than-truckload carriers are announcing non-contract GRIs, but the state of the freight market argues against substantial rate increases.
Some of the largest less-than-truckload carriers are announcing non-contract GRIs, but the state of the freight market argues against substantial rate increases.
The financial risks to shippers are rising as the increasing costs of EU carbon tax and fuel intensity regulations are passed on by Mediterranean carriers, a report from maritime technology company OceanScore has found.
One possible explanation for the gain is the softer volumes that were artificially suppressed and shifted in August and September of 2024 due to separate labor-related events, but clarity should come over the next week when market players report third-quarter earnings.
As parcel carriers try to help shippers navigate U.S. regulatory changes, experts say there are ways to limit negative customs outcomes, such as package disposals.
Amid tariffs of up 130%, US laden imports from China for the six months between April and September fell to levels not seen since 2013.
The change will occur Nov. 3 due to factors such as rising costs in real estate, new equipment and employee compensation packages, the LTL carrier said.
Fuel surcharge pressures and new rounding rules are challenging shippers ahead of peak season, per the TD Cowen/AFS Freight Index.
The Owner-Operator Independent Driver’s Association is urging Congress to codify new regulations aimed at tightening oversight of commercial driver licensing and to support more training for new drivers.
Record container volumes resulted in greater port activity amid an increase in calls by vessels, trucks and trains, as well as increased use of cargo-handling equipment.
The Trump administration is also proposing to suspend all or some applications of CAFTA-DR benefits to the country, such as tariff concessions.