Another Year of Low Freight Rates? How Will the Broader Market Be Affected?
Can the carrier community look forward to any break in its long bout with low freight rates?
Can the carrier community look forward to any break in its long bout with low freight rates?
With inbound traffic at major U.S. ports up during the first half of this year, on a year-by-year basis, one might think the outlook would be pretty strong for the drayage industry. But warnings abound that may not be the case.
The One Big Beautiful Bill Act, which President Trump signed into law in early July, dealt with a great many looming issues – not least of which were the 2017 tax cuts that would have expired at the end of this year if not made permanent by a new piece of legislation.
A Friday, August 1 report from FreightWaves offered some surprisingly positive news about employment in the trucking industry. Seasonally adjusted trucking jobs increased by 3,600 to 1,523,300 jobs according to the Bureau of Labor Standards.
America’s leading trucking association believes the industry dodged a bullet with a recent change in policy concerning electric vehicle mandates. And while California is the only state directly impacted by the move, other states are following suit and pulling back on their proposed mandates as well.