Staying up with all of the latest news throughout inland shipping can be difficult. However, it's important to stay well-informed to maintain success in the industry.
One of our objectives at Cargobot is to help you stay updated on the recent developments impacting shippers in the United States.
Here is an overview of the latest activities involving the inland shipping industry for October 2022.
1) BLS Data Indicates Truck Employment Growth Slowing
A recent report from the Bureau of Labor Statistics showed only a small gain in truck transportation jobs.
These gains were only 800 new truck transportation jobs. The information from the report indicates that the hiring spree in the trucking industry appears to be slowing down.
You can view the full story at Freight Waves here.
2) Citigroup Issues Warning on Overall Freight Trends in Q4
Citigroup remains cautious regarding transportation trends for the remainder of the year in North America. Analysts are warning that the peak truckload freight isn't materializing while the pace of imports is also slowing down.
Numerous assessments indicate that the pace of freight activity and other upcoming data points are most likely to skew negative during peak season.
A lack of improvement in truckload rates is also a major concern for the rest of the year.
You can view the entire story at Seeking Alpha here.
3) U.S. Supply Chain Continues to Face Stability Obstacles
Negotiations between labor unions remain inconclusive between the Central Association of German Seaport Operators (ZDS) and the trade union Verdi. Additional strikes are most likely to occur if no agreement is reached.
Some manufacturers are also shutting down operations in China due to high temperatures. Covid testing requirements throughout the country are also slowing down trucking operations.
You can read the full story at CNBC here.
Stay Connected to Cargobot for the Latest Inland Shipping News
.png?width=2000&name=Shippers-Remove%20broker%20fees%20(1).png)
Cargobot focuses on making it simple for shippers and carriers to partner together with our innovative platform.
Our platform allows you to track shipments in real-time, our upfront pricing model is easy to understand, and you don't have to worry about hidden fees.
A dedicated customer service associate can answer all of your questions, as we understand the importance of providing the best customer service.
Check out our website to learn more about our platform and keep up with the latest developments in the inland shipping industry!
