Freight Rates Projected to Rise Steadily Through 2015
The level by which the Cass Linehaul Freight Index – which measures per mile truckload rates in the US – rose in November versus 2013, as the strong rate hikes continue on, Supply Chain Digest reported. Starting in March, the year over year increases have been 6%, 5.7%, 5.8%, 5.2%, 7.2%, 7%, 6.7%, and 7.3% through October, respectively, before the similarly high increase last month. Analysts project freight rates to continue solid growth well into 2015. FULL STORY
Cargo Theft on the Rise This Holiday Season
Cargo thieves are beginning to more frequently target freight during the holidays as increased volumes combined with more demanding delivery times and tight capacity often results in a “relaxation” of theft prevention protocols, FleetOwner.com reported. Higher volume related to holiday demand leads to fewer security checks, leaving cargo vulnerable. Following security procedures is the key to combating theft. FULL STORY
NTEA to Offer Free Shipping Industry Webinar Jan. 6
The NTEA is hosting a free webinar on Tuesday, Jan. 6, 2015, from 11:15 a.m. to noon EST to provide insights into issues that may impact companies in 2015 and beyond. Steve Latin-Kasper, director of market data & research for NTEA, will be the expert speaking. He will share revised year-end industry and economic data that will assist in adjusting business plans and strategies entering the new year. FULL STORY
Tonnage Rises 3.5%
American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index jumped 3.5% in November.
Volume Increasing While Driver Shortage Looms
American Trucking Associations Chief Economist Bob Costello told the annual ATA Management Conference & Exhibition that freight volumes in the trucking industry continue to grow, but the looming driver shortage could hold back industry growth.