Cowen/AFS Freight Index points to fuel-driven rate gains, for LTL and parcel, in Q2

By Jeff Berman, Group News Editor · April 20, 2022 The new edition of the Cowen/AFS Freight Index, which was recently released by New York-based investment firm Cowen Inc. and Shreveport, La.-based 3PL and freight audit and payment company AFS Logistics LLC, highlighted how rising fuel prices are having a significant impact on both parcel… Continue reading Cowen/AFS Freight Index points to fuel-driven rate gains, for LTL and parcel, in Q2

FedEx reports fiscal third quarter earnings gains

Fiscal third quarter earnings for Memphis-based freight transportation and logistics services bellwether FedEx issued yesterday showed gains, amid various challenges. Quarterly revenue—at $23.6 billion—saw a 10% annual increase, and operating income—at $1.33 billion—saw a 32% annual gain. Diluted earnings per share—at $4.20—were up 27% annually, coming up short of Wall Street expectations at $4.65. FedEx… Continue reading FedEx reports fiscal third quarter earnings gains

U.S.-bound shipments and TEU see sequential declines and annual gains, for February, says Panjiva

United States-bound imports and shipments saw sequential declines and annual gains, for the month of February, according to recently issued by global trade intelligence firm Panjiva. Total February U.S.-bound containerized freight imports—at 2,528,809 TEU (Twenty-Foot Equivalent Units)—were down 5.5% compared to January and up 6.9% annually. And for U.S.-bound shipments, Panjiva reported that February shipments—at… Continue reading U.S.-bound shipments and TEU see sequential declines and annual gains, for February, says Panjiva

ATA Truck Tonnage Index sees slight gains to begin 2022

By LM Staff · February 23, 2022 Truck tonnage eked out a small gain to kick off 2022, according to data issued this week by the American Trucking Associations (ATA). The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index, for January, at 115.5 (2015=100), saw a 0.6% increase, following a 0.9% December gain. On… Continue reading ATA Truck Tonnage Index sees slight gains to begin 2022