Weekly Market Update: Midwest Stability, Reefer Market Resurgence, and Peak Season Signals
Midwest Markets Hold Steady Amid Fluctuations Elsewhere As we move deeper into the summer, the Midwest continues to demonstrate stability in an otherwise fluctuating market landscape. Key Midwestern hubs like Indianapolis, Chicago, Columbus, and Joliet have maintained relative calm, experiencing a modest 3%-8% increase in market share month over month. This steady performance contrasts sharply…
Market Trends Of The Week: Refrigerated Truckload Market on the Rise
As we navigate through August, the refrigerated truckload market, often referred to as the “reefer” market, is experiencing a notable surge in spot rates. This upward trend, which began in May, has outpaced the dry van sector, underscoring the seasonal and volatile nature of the reefer market. SONAR Tickers RTI.USA and NTI.USA reflect this rise,…
The CrowdStrike Outage: Impact on Freight Movement and Future Prevention Measures
On July 19, 2024, a critical software update by cybersecurity firm CrowdStrike caused a widespread IT outage that significantly disrupted the global supply chain. This event had far-reaching consequences, particularly for the trucking industry, which is a vital component of freight movement worldwide. The Incident and Its Immediate Effects The faulty update led to the…
Gear Up for Safety: The 2024 International Roadcheck Event
As the Commercial Vehicle Safety Alliance (CVSA) prepares for its annual International Roadcheck event from May 14-16, 2024, commercial motor vehicle operators across North America should be aware of what’s in store. This crucial three-day enforcement and compliance initiative, taking place across the U.S., Canada, and Mexico, represents the largest such program globally,…
Steering Towards Sustainability: The Impact of California’s Environmental Waivers on Truckers
The recent affirmation by the U.S. Court of Appeals for the District of Columbia Circuit of the Environmental Protection Agency’s (EPA) authority to grant California the autonomy to impose its own stringent environmental standards has marked a pivotal moment for the trucking industry. This decision, rooted in the lawsuit Ohio vs. EPA, not only upholds…