Bloated inventories and weak trade making it difficult for truckers, railroads
American truckers have developed a slow leak.
U.S. shipments as measured by the latest Cass Freight Index dropped 5.3 percent last month from a year ago, making it the worst October since 2011. The year-over-year decline was the eighth straight and the biggest since November 2009. Trucks transport almost 70 percent of the nation’s freight by weight, according to American Trucking Associations.
Read more from BloombergBusiness.
Related News
- New Jersey’s “Vote Labor” Push led by SMART-TD’s Ron Sabol
- Stand with Sister Nydia Sandoval on Monday!
- Union Leadership Meets with New N.S. Trainees in McDonough, Georgia
- CSX Asks to keep Safety Reports out of the Crew Rooms, Injuries are Up, Fatalities Continue, and Transparency is Down
- Semi Crushes Member in Decatur, Ill.
- Long-time Union Ally Mikie Sherrill Runs for New Jersey Governor
- SMART-TD to FAA: Keep Drones Out of Our Rail Yards
- Have a Tip? Share Your News with SMART-TD!
- The Truth From Within: General Chairpersons From CSX Statement on Departure of CEO Joe Hinrichs
- Overtime Relief for Railroaders Introduced in Congress