Showing posts with label rates. Show all posts
Showing posts with label rates. Show all posts

Friday, 31 January 2014

Canadian freight rates climbed in November: Nulogx

2014-01-29

TORONTO, Ont. -- Canadian freight rates climbed 0.75% in November, according to the latest Canadian General Freight Index, compiled by Nulogx.

The base rate increased 0.24% in November when compared to October. Fuel surcharges accounted for 20.54% of the base rates in November, compared to 20.96% in October.

“Total Freight Costs have been on a slow steady increase for the past four months,” said Doug Payne, president and COO, Nulogx. “Once again, this increase applies to all segments - Domestic LTL & Truckload, Cross Border LTL and TL.”

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Monday, 8 April 2013

Truckload, Intermodal Rates Rose in February, Cass Says

JOC Staff | Mar 12, 2013 12:37PM EDT

Truckload pricing in February increased 4.3 percent from the same month in 2012, but declined 0.1 percent from January, according to the Cass Truckload Linehaul Index.

February was the sixth consecutive month of year-over-year growth for truckload rates tracked by the index, which uses January 2005 as its base, which has risen from a reading of 109.5 in September 2012 to 113.8 in February 2013.

Despite the steeper-than-normal cost increases in late 2012, due in part to Hurricane Sandy, the higher rates are expected to continue in 2013, as supply and demand seem to be relatively balanced, Cass Information Systems said.

Intermodal rates reached a new eight-year high in each of the last two months, according to the Cass Intermodal Linehaul Index. February’s rates were 9.9 percent higher than a year ago and 2.2 percent higher than January.

The intermodal pricing index, which also uses January 2005 as its base, showed a reading of 110.6 in February and 108.2 in January, continuously rising from 102.0 in October 2012. The high costs can be attributed to continued increases in intermodal volumes.

Intermodal carriers could secure mid-single-digit line-haul rate increases in 2013 tanks to robust demand for domestic intermodal, slower growth in container capacity and continued improvement in rail service, according to Avondale Partners’ February report.


View the original article here

Sunday, 7 April 2013

European Truck Rates ‘Subdued,’ Says Transport Intelligence

JOC Staff | Feb 20, 2013 11:55AM EST

The road freight market in Europe was “subdued” from November 2012 to January 2013, according to the Freightex European Road Freight Rate Index compiled by Transport Intelligence.

The market experienced “short bursts of volatility” during that period, driven primarily by the European recession. The index, which identifies price fluctuations, rose from a low of 113.0 points in November to a high of 117.8 on Jan. 1. Through January, however, the index saw declines. Comparatively, the index rose 8 points over the same three-month period in the previous year.

Overall, prices are about the same as last year, although this year’s high of 117.8 was an increase from last year’s 116 points. Conversely, 2012’s rise in rates during the Christmas season was “much less dramatic than normal.”


View the original article here

Tuesday, 11 September 2012

Roadcheck 2012's driver, vehicle out-of-service rates near record low

WASHINGTON, D.C. -- The 25th annual Roadcheck safety blitz, conducted by the Commercial Vehicle Safety Alliance (CVSA) in June, saw a record number of truck and bus inspections and the second-lowest vehicle and driver out-of-service rates for Level 1 inspections in the event’s history.

Of the record 74,072 truck and bus inspections, 48,815 were North American Standard Level 1 inspections – the most comprehensive roadside inspection – of which 22.4% of vehicles and 3.9% of drivers were placed out of service.

The overall out-of-service rates for the entire event – which includes all inspection levels – were 20.9% for vehicles and 4.6% for drivers, both representing an increase from last year’s numbers.

Despite the positive trend on the Level 1s, the numbers indicate that one in five vehicles selected for inspection was found with a violation serious enough to be considered an imminent safety hazard. “These mixed results indicate that, while the attention paid by industry to maintenance and regulatory compliance generally is improving, more needs to be done by industry and enforcement alike,” officials said in a release.
Organizers said Roadcheck 2012 emphasized a focus on braking systems and Hours-of-Service, the top ranking violation categories for vehicles and drivers, respectively. Despite the increased focus on these areas, the proportions of brake-related and Hours-of-Service-related violations relative to all out-of-service violations declined slightly. In addition, seatbelt violations issued totalled 848, the fewest recorded since 2007.

During the event, CVSA estimates that over 9,500 CVSA and Federal Motor Carrier Safety Administration inspectors participated at approximately 2,500 locations across North America. As well, 10 US states and two Canadian provinces engaged part of their enforcement activities to focus on vehicles serving oil field and natural gas production sites, where increases in commercial truck traffic have raised significant safety concerns.
“Roadcheck continues to shine a spotlight on the critical importance of the roadside inspection program across North America and how vital it is to commercial vehicle safety and our march toward zero deaths on our roadways. I appreciate the continued focus by both enforcement and industry towards ensuring that it remains a top priority,” said CVSA president David Palmer, an assistant chief with the Texas Department of Public Safety.
“This is a clear indication that enforcement and industry’s efforts during Roadcheck are having a positive impact,” said CVSA’s executive director Stephen A. Keppler. “This goes to show that even in these difficult budgetary times for states, provinces and local agencies that each and every roadside inspection is important and makes a difference.”


View the original article here

Tuesday, 27 December 2011

Ground transportation costs remain constant, base rates fall in September

TORONTO, Ont. -- The cost of ground transportation for Canadian shippers in September remained the same month-over-month, according to the latest figures from the Canadian General Freight Index (CGFI).

However, the Base Rate Index, which excludes the impact of accessorial charges assessed by carriers, decreased by .1% for the same period. It was the first decrease in base rates since March.   

Offsetting the decrease in base rates were slight increases in both average fuel surcharges assessed by carriers and other accessorial charges. During this period, fuel surcharges assessed by carriers equated to 20.16% of base rates, up from 20.1% in August. The combined effect of lower base rates and higher accessorial charges resulted in no change in average transportation costs for Canadian shippers, according to the report.   

"The slight decrease in Base Rates was predominantly driven by reduced costs in the transborder truckload sector," said Doug Payne, president and COO of Nulogx. "Over the summer, these movements were subject to significant cost increases and it is possible that these are easing somewhat."


View the original article here

Sunday, 25 December 2011

Holiday rush bolsters reefer rates in US: TransCore

PORTLAND, Ore. -- As refrigerated food products were rushed to market prior to the Thanksgiving holiday, spot market freight availability for refrigerated vans climbed 12%. Reefer rates rose 1.9% nationwide for the seven days ending Nov. 23, according to TransCore's Truckload Rate Index. Reefer rates and freight volume are expected to remain high through mid-December, officials said.

However, Thanksgiving week in the US was a mixed bag for other equipment types, TransCore said. Van freight volume increased 1.6%, but rates slipped 0.2% nationwide on the spot market compared to the previous week. In a week where van rates for major markets were flat to down, Memphis proved to be the exception, with a 2.5% increase in rates on outbound van lanes.

Flatbed rates showed the greatest volatility of the three main trucking transportation modes, as rates slipped 0.7% on an 8.3% decline in freight availability, compared to the prior week. Dallas showed the greatest swing as flatbed rates slid 3.6%, following unusually high rates during the previous week.

Spot market rates are rates paid to the carrier by freight brokers and other freight intermediaries.


View the original article here