Crunch Time for Trans-Pacific Container Shipping Contract Talks
As spot rates and import demand have decreased due to excess inventory, shipping lines need help to secure enough contracts to cover costs. This could lead to cutting…
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News
Produce Season Likely to be Weak — Bad News for Truckers.
20% of strawberry fields in a critical California growing region are now underwater due to historic rainfall, disrupting harvests and yields. This comes at a bad time for…
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A Study Revealed that Trillions of Dollars in Pandemic Relief Funds had Caused a Surge in Freight Volume.
About $2.3 trillion in extra income led to a historic uptick in freight volumes. A FreightWaves analysis of the monthly Personal Income and Outlays report from the U.S.…
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World War I-Era Tax Could Add up to $50,000 to the Cost of a New Zero-Emission Truck
Washington — Today, the American Trucking Associations, American Truck Dealers, and Zero Emission Transportation Association sent a letter to Congressional leadership to repeal the Federal Excise Tax (FET)…
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XPO: “Not sacrificing price for volume.”
XPO saw a 1% y/y tonnage increase in Q4, compared to mid to high-single-digit decreases in LTL peers. However, yield (excluding fuel surcharges) was only up 1% due…
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Transportation Groups Urge Congress to Repeal Heavy-Duty Excise Tax, Get Cleaner Trucks on Our Roads
A group of transportation and trucking stakeholders calls on Congress to repeal the century-old Federal Excise Tax (FET) on heavy-duty commercial vehicles. The letter, sent to Congressional leadership…
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