A Republican-backed bill introduced by U.S. Rep Brian Mast, R-Fla., seeks to exempt underage truck drivers from rules that prohibit them from hauling containers to and from marine terminals.
Shippers are seeing relief in freight costs for the first time in more than two years, according to the December Cass Freight Index.
Cass data released Tuesday showed shipments have moderated and rates are poised to start unwinding two years of increases in January.
Cass said Monday that positive trends in freight shipments and expenditures are likely to turn negative year over year in December.
Cass data was positive year over year in September but the report suggests the trend is set to reverse.
The American Trucking Associations’ (ATA) seasonally adjusted For-Hire Truck Tonnage Index increased 2.8% in August after a disappointing 1.5% drop in July. The ATA data primarily relates to contracted freight tonnage volumes and is a useful indicator of shipping activity.
Cass data shows freight volumes reached a more than four-year high in August. But linehaul rates slid for the third straight month.
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Cass data shows changes in freight shipments and expenditures during July were less volatile when compared to prior months.
New rules proposed by the Securities and Exchange Commission regarding disclosure of climate-related risks and greenhouse gas emissions could greatly impact the trucking industry.
