The trucking industry gears up for harvest season at the end of every summer, which generally adds to a further tightening of capacity — for a few reasons. For nearly a month, owner-operators who own farms remove their transportation capacity from the market to harvest and deliver products. Brokers also...
Q&A with economist Steve Pociask on how forced access can affect railroads
The Surface Transportation Board will hear from industry stakeholders on ways to solve reciprocal switching over two days in March 2022. Reciprocal switching happens when a shipper has access to one freight railroad but wants to transfer to a nearby competing freight railroad to maintain a competitive pricing environment. President...
Forward Air leads the pack with 7.9% rate hikes for 2022
On Wednesday, Forward Air announced a 7.9% general rate increase (GRI) for tariff-based prices. According to the business, some accessorial and minimum costs will also be increased. The adjustments will take effect on February 1st. Last February, Forward (NASDAQ: FWRD) announced a 6% GRI, while most other less-than-truckload carriers implemented...