Contract Rates News Today

blizzard conditions slamming the midwest, blizzards, more than 6,000 flight delays and cancellations and that is just so far because this thing aint over. temperatures in iowa expected to drop below zero overnight and they have already got a lot of extra snow as we speak. the caucus is now just three days away. weve got you covered on all fronts with aishah hasnie braving the cold in urbandale, iowa, as candidates are forced to cancel still more events. in west des moines come on the p...

"americas newsroom." im dana perino. >> bill: the pressure has been building on the biden administration to respond to one of tehrans many proxies in the middle east, houthis are just one of them. since mid november the houthis have been attacking ships in the red sea with impunity until now. the underlying question will iran, which backs the houthis, get this message? >> its a bit ironic coming from a houthi spokesperson giving they are using the words brutal aggression after weve see...

Heavy truck orders are not an indicator of for-hire truckload market health and haven’t been since the pandemic ended. The post Tractor demand no longer necessarily a gauge for market health appeared first on FreightWaves.

Spot rates were 22 cents higher from July 2020 to February of 2022 — the pandemic era. The post What can we learn from the truckload spot to contract rate spread? appeared first on FreightWaves.

Inflation. want to give you context. six out of the top ten carriers are diverting their ships away from the red sea sailing around the tip of south africa. the cargo has to add on ten days and a million in fuel costs. it means hundreds of dollars more per shipping container. some of the weekly increases. cost for a 40 foot container up 58% to the east coast, 60% for the west coast. shippers indicated their long term contract rates will increase yet again on monday. were not at pandemic levels y...

Travel time and a million, in some cases, in fuel costs. for you at home that means your goods will take longer to get here and cost more potentially. look at some of these weekly increases. the cost for a 40-foot container up 58% to the east coast, 60% of the west coast, and we are also hearing from shippers the long term contract rates are going to increase again on monday. now retailers are pursuing other options, like sending by rail or air, but because of the changing nature of the situatio...

Time is running out for container lines as contract rate renewal season nears and spot rates fail to recover. The post ‘Dire’ scenario for shipping lines more likely as spot rates fall back appeared first on FreightWaves.

Spot and contract rates have stabilized with an unnaturally large gap between them. Is this sustainable or just a pause before the fall? The post Truckload spot and contract rate spread remains unnaturally wide heading into bid season appeared first on FreightWaves.

National truckload tender rejections topped 4% for the first time since the holiday season last year. Is this a sign that the trucking market is turning the corner? The post Truckload capacity tightens in August appeared first on FreightWaves.

The less-than-truckload sector has been disrupted by a very public dispute between Yellow and the Teamsters. Rates have already seemingly responded and may continue to see support. The post LTL rates bounce as Yellow struggles with union appeared first on FreightWaves.