iTrucker archive

Freight rates

Browse stories from the iTrucker archive.

News · Jun 5, 2019

Cross-border freight brokers not panicking yet about Mexico tariffs

"Cross-border freight brokers are not panicking over President Trump’s announcement of tariffs on Mexican exports into the United States – yet." - According to article in http://freightwaves.com and its author John Paul Hampstead Hampstead also wrote - "Last week the White House said that it would levy tariffs of 5 percent on all Mexican goods entering the U.S. – worth nearly $400 billion annually – beginning on June 10, with the duty increasing by another 5 percent every month through October.

News · May 23, 2019

The sky may have fallen on freight market after new tariffs are implemented against China

"Like the “snap” in the Avengers movie, where the big bad villain, Thanos, eliminated half the life in the universe, something similar occurred to the freight market after the trade war escalated between China and the U.S earlier this month. It is hard to imagine the freight market being so fragile that one action — tariff increases — could drop national freight volumes 4% to 5% overnight. While it is difficult to say that is exactly what happened, the timing makes it hard to ignore the correlat

News · May 22, 2019

Conditions for small fleets deteriorating and it will get worse

"For the freight market, 2019 has been shaping up to as a tug of war between the bulls and the bears. The large enterprise carriers that rely heavily on committed business (commonly referred to as “contract business”) have been enjoying a decent year, while the small carriers that are heavily exposed to the transactional spot market have been faced with a very tough market". According to Craig Fuller, CEO at FreightWaves Fuller also wrote - "Meanwhile, spot rates have dropped like a rock. From t