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DAT: December spot volumes, rates end 2024 higher
DAT said in January 2025 that spot truckload demand and rates rose in December 2024 as the gap between spot and contract pricing kept narrowing.
Cass asks whether freight downturn is nearing an end
The Cass Freight Index for November, released in December 2024, showed the narrowest annual shipment decline in 21 months and a third straight rate increase.
Trump vows 25% tariff on all goods from Canada and Mexico
The president-elect said in November 2024 he would impose the tariffs on his first day in office and add 10% to tariffs on Chinese goods.
ILA ends East and Gulf Coast port strike after three days
Dockworkers and port employers reached a tentative wage deal in October 2024 and extended their master contract to Jan. 15, 2025.
Diesel falls for 10th straight week to $3.526 a gallon
Federal data in September 2024 showed the national average diesel price had dropped nearly 34 cents since early July and stood more than $1 below a year earlier.
Canada's two biggest railroads lock out workers; Ottawa orders arbitration
CN and CPKC locked out Teamsters rail workers in August 2024, and within hours Canada's labor minister directed the dispute to binding arbitration.
Spot truckload rates rise for third straight month in June
DAT reported in July 2024 that June spot rates climbed for all three equipment types even as load volumes pulled back from May records.
ATA tonnage posts first annual gain in 15 months
American Trucking Associations said in June 2024 that its seasonally adjusted tonnage index rose 3.6% in May, though its economist said a recovery was not yet clear.
US moves to raise Section 301 tariffs on Chinese EVs, steel and cranes
After a four-year review in May 2024, the U.S. trade representative said existing China tariffs would stay and proposed steep increases in strategic sectors.
Cass index shows freight rates finding a floor in March
The Cass Freight Index report released in April 2024 showed the smallest annual shipment decline in a year as inferred rates edged higher.
Key Bridge collapse shuts Port of Baltimore to ship traffic
A containership struck the Francis Scott Key Bridge in March 2024, cutting ocean access to the nation's largest roll-on/roll-off port and forcing truck detours.
Mexico tops Canada and China as top US trading partner for 2023
Full-year 2023 trade data put U.S.-Mexico trade at $798 billion, with Laredo, Texas, ranking as the nation's busiest trade gateway for the first time.
Spot-contract van gap hits narrowest point since March 2022
DAT said in January 2024 that December spot rates edged up while contract van rates fell to their lowest level since February 2021.
US spot rates hold steady in November as capacity stays loose
Truckload volumes got a lift after Thanksgiving in November 2023, but load-to-truck ratios hit their lowest November level since 2015, DAT said.
Mexico remains top US trading partner; Laredo leads gateways
Mexico was the largest U.S. trading partner in September 2023, the eighth time in nine months it held the top spot, Census data showed.
Digital freight broker Convoy shuts down, citing 'freight recession'
The Seattle startup, valued at $3.8 billion 18 months earlier, told employees in October 2023 that it was closing its core business.
US diesel climbs for ninth straight week to $4.633 a gallon
The national average diesel price rose 9.3 cents in mid-September 2023 and was up nearly 83 cents in nine weeks, federal data showed.
Yellow files for bankruptcy, closing after nearly 100 years
The less-than-truckload carrier filed Chapter 11 petitions in August 2023 for a planned wind-down, saying 30,000 jobs were lost.
British Columbia port strike ends, but cross-border recovery seen taking weeks
Dockworkers at Canada's West Coast ports returned to work in July 2023 after a 13-day strike that backed up vessels and rail freight bound for the U.S.
West Coast dockworkers, employers reach tentative six-year contract
The ILWU and the Pacific Maritime Association reached a tentative deal in June 2023 covering workers at all 29 U.S. West Coast ports after more than a year of talks.
US spot van, reefer rates fall for fourth straight month in April
Truckload volumes dropped in April 2023 and van and reefer load-to-truck ratios fell to levels last seen in the spring of 2020, DAT reported.
Cass index shows freight market stuck in 'extended soft patch'
U.S. freight shipments fell 4% from a year earlier in March 2023 and spending on freight dropped 12%, the Cass Freight Index showed.
STB approves CP-KCS merger, creating first single-line US-Mexico-Canada railroad
Federal regulators approved Canadian Pacific's acquisition of Kansas City Southern in March 2023, with conditions and a seven-year oversight period.
Colorado refinery outage squeezes Rocky Mountain fuel supply
Suncor's Commerce City refinery, the only active one in Colorado, stayed shut into early 2023 as regional gasoline and diesel inventories ran low, the EIA said.