BDP study cites myriad challenges shippers experience from ‘slow steaming’
While the practice of “slow steaming” by ocean carriers has become more commonplace in an effort to reduce fuel costs, shippers are not necessarily enthused about its subsequent effects on their supply chains.
ACT and FTR report April Class 8 orders are down but still healthy overall
Data published by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, and freight transportation forecasting firm and consultancy FTR Associates indicated that preliminary data for Class 8 trucks in May is down from a very strong April.
Diesel prices are down for fifth time in last six weeks, says EIA
Following a cumulative 11.3 cent decline over the last two weeks, diesel prices were are down again this week, falling 0.8 cents to $3.94 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Freight Index Shows Economy Stalled
A key measure of freight shipping in the United States slipped back 0.2 percent in May from the month before, a new sign that the economy is losing momentum heading into the summer. The Cass Freight Index for shipments released Monday slipped back on a month-to-month basis for the first time since January following slim sequential expansion over the past three months.
– Ben Dundas, Web Analyst