iTrucker archive

freight

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

News · May 18, 2019

‘Trucking Conditions’ skid to a negative reading for the first time in years

‘Trucking Conditions’ skid to a negative reading "For the first time since a rocky 2016 and, before that, the lingering economic effects of the 2008-2009 Great Recession, FTR’s monthly Trucking Conditions Index has fallen into negative territory, signaling a swift softening in the underlying market conditions for carriers since early fall 2018". - According to article in ccjdigital.com Read full story here : here Source and credits : ccjdigital.com