New breakthrough developments, such as drones and driverless vehicles, seem to be everywhere.
The United States Department of Energy’s Energy Information Administration (EIA) reported this week that the average price per gallon for diesel gasoline headed up 1.1 cents to $2.787 per gallon this week. The increase comes on the heels of a 1.6 cent decline last week.
Reacting to the tightest spot truckload market in at least four years, brokers and third-party logistics providers are working overtime to obtain TL capacity for shippers during this peak freight season.
September shipments were up 4.9% annually at 976,605. While this is down compared to August’s 1,066,698, the annual improvement is ahead of August’s 2.2% annual spread.
While transpacific oceanborne traffic was especially robust this past peak season, industry analysts were also impressed by the air cargo surge in the region. If this trend is to continue, however, the need for improved airport infrastructure is obvious.
Four of the nation’s foremost experts in the market help shippers better understand the current state of the nation’s ever-complex and competitive rail and intermodal network.