US Truckload Contract Rates Hold Above 10% Increases
New truckload contracts in the US are pricing about 13% above the rates they replace, with double-digit increases persisting for months amid flat capacity growth.
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Marten Transport Q3 Profit Hit by Cost Pressures Despite Rate Gains
U.S. refrigerated carrier Marten Transport reported $2.9 million in Q3 net income as higher fuel and labor costs offset improving rates, sending shares down 7%.
Read MoreCass Q3 EPS Rises 19% as Freight Rates and Fuel Surcharges Lift Invoice Values
Cass Information Systems reported a 19% year-over-year increase in Q3 earnings per share, with transportation dollar volumes up 14.5% and about a quarter of the gain in average invoice value coming from fuel surcharges.
Read MoreCarriers Say They Are Absorbing Green Transition Costs as Shippers Resist Premiums
Shipping lines say investments in alternative fuels and lower-emission vessels are being borne by carriers, while shippers and forwarders in price-sensitive markets remain unwilling to pay more for greener shipping.
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