What this news report about truckload rates. As prices have fallen for three months straight, the report explained that “the domestic truckload market continues to face softer demand and excess capacity,” adding that driver pay increases, overall fleet growth, reduction in carrier bankruptcies, and an easing of the 34-hour restart rule are some of the main reasons for the sustained pricing declines.
This report By Jeff Berman, Group News Editor • June 23, 2016
In May truckload rates, which measure line haul rates only, saw a 1.2 percent annual decrease, following 0.6 percent and 2.3 percent declines in March and April, respectively
it’s in U.S. news report
How: Data recently provided to LM by the Intermodal Association of North America (IANA) founds that domestic container volume for May was up 3 percent annually at 597,177 and on a year-to-date basis through May, they are up 4.6 percent at 2,969,293.
While domestic container volumes continue to show growth despite an uneven economy, IANA President and CEO Joni Casey said imports and intermodal trailers are driving down volumes, with surplus inventories and over-the-road capacity being possible reasons.