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Lumber prices to the moon 🚀 - WTT [newsletter]

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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 analy ....

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Pamplin Media Group - Daimler Trucks and PGE open Electric Island for fast EV charging on Swan Island

Daimler Trucks and PGE open Electric Island for fast EV charging on Swan Island
Daimler plans to begin producing electric semi-trucks in Portland in late 2022.
Daimler Trucks North America and Portland General Electric have opened the first-of-its-kind heavy-duty electric truck charging site in the heart of Portland s Swan Island industrial district. The new charging center, called Electric Island, is available to the public and is designed to help accelerate the development, testing and deployment of electric commercial vehicles, like the ones to be manufactured in Portland by Daimler s Freightliner brand.
The future of transportation is electric, Maria Pope, President and CEO of PGE, said at the April 21 opening. We re envisioning a better future for the next generation, and it s going to take all of us to work together. We re also coming together to create opportunities for additional jobs across Oregon and across the West. ....

United States , Swan Island , John Oleary , Nate Hill , Maria Pope , Coast Clean Transit Corridor Initiative , Electric Island , Trucks North America , Portland General Electric , Daimler Trucks North America , West Coast Clean Transit Corridor , West Coast , Daimler Trucks , ஒன்றுபட்டது மாநிலங்களில் , அன்னம் தீவு , ஜான் ஒலோரி , நேட் மலை , மரியா போப் , கடற்கரை சுத்தமான போக்குவரத்து தாழ்வாரம் முயற்சி , மின்சார தீவு , லாரிகள் வடக்கு அமெரிக்கா , போர்டிலந்ட் ஜநரல் மின்சார , டைம்லர் லாரிகள் வடக்கு அமெரிக்கா , மேற்கு கடற்கரை சுத்தமான போக்குவரத்து தாழ்வாரம் , மேற்கு கடற்கரை , டைம்லர் லாரிகள் ,