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Welcome to the WHAT THE TRUCK?!? newsletter. In this issue, skyrocketing lumber prices, where’s the Tesla Semi, two brokerage bankruptcies and more.
Will it fall under $3?
SONAR
Downhill skiing in spring The Truckstop.com seven-day dry van rate per mile continues its three-plus-weeklong slide, falling another 4 cents to $3.04. Although rates are declining, both freight volumes and capacity have remained stable. According to the Outbound Tender Reject Index in SONAR, carriers are still rejecting more than 1 in 4 loads.
“Spot rates were roughly 30% to 70% higher year-over-year throughout the first quarter. Rates are 80% higher in the latest week.” FreightWaves’
Human capital With drivers still in short supply, carriers are having to increase wages by as much as 20% in some cases to help fill the seats. According to TCA data, insurance costs as a percentage of revenue jumped 16% in the first two months of ’21. Some analysts have looked at th
By Jon Hemmerdinger2021-04-07T21:32:00+01:00
President Joe Biden has raised the prospect that supersonic civil aircraft might be crossing the world’s skies within the next 10 years.
Biden mentioned supersonic flight during a 7 April press briefing related to his infrastructure improvement plan.
Source: Boom
A digital rendering of Boom’s in-development airliner Overture
He did not say if or how his administration intends to further support supersonic advancements, and a broad review of Biden’s infrastructure proposal, released by the White House, makes no mention of supersonic jets.
Both NASA and the Federal Aviation Administration, however, are already working on supersonic projects, as are several US manufacturers.
By Jon Hemmerdinger2021-04-07T21:32:00+01:00
President Joe Biden has raised the prospect that supersonic civil aircraft might be crossing the world’s skies within the next ten years.
Biden mentioned supersonic flight during a 7 April press briefing related to his infrastructure improvement plan.
Source: Boom
A digital rendering of Boom’s in-development airliner Overture
He did not say if or how his administration intends to further support supersonic advancements, and a broad review of Biden’s infrastructure proposal, released by the White House, makes no mention of supersonic jets.
Both NASA and the Federal Aviation Administration, however, are already working on supersonic projects, as are several US manufacturers.