A survey conducted by LTL freight carrier Saia has found that shippers are planning for rate hikes and energy spikes. The less than truckload carrier’s first online survey of small to medium sized shippers found 46 percent of the respondents plan to spend more on LTL trucking.
The average price of diesel fuel across the US plunged 6.2 cents in the past week to the lowest level in nearly four months, bringing relief to an industrial sector that has been struggling with higher energy costs.
Following a revised 0.6 percent decline for its advance seasonally-adjusted For-Hire Truck Tonnage in April, the ATA reported that the same index dropped 2.3 percent in May. This decline continues a trend of uneven freight transportation volumes amid various economic indicators showing signs that the economic recovery has lost its footing in recent weeks especially.
While there is a current moderation in freight volumes, the consensus from a Transport Capital Partners (TCP) survey appears to be that this moderation will not be lasting, with 80 percent of survey respondents indicating trucking volumes will increase within the next 12 months.
Consumer spending was unchanged last month, the Commerce Department said Monday. That was the worst result since September 2009. And when adjusted for inflation, spending actually dropped 0.1%.
This could be the week the SunRail commuter train gets back on track or gets derailed, like so many other mass-transit plans for Orlando. Gov. Rick Scott, who put the $1.2 billion project on hold in January, has said he will decide by Friday what to do with the 61-mile system that would link downtown Orlando with Volusia, Seminole and Osceola counties.
– Ben Dundas, Web Analyst
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