FreightCost

The Trucking Freight Futures markets appear to have found their footing on Wednesday after falling off a cliff earlier this week.

Freight Futures daily curve: 5/7 - FreightWaves The Trucking Freight Futures markets found their footing on Wednesday after falling off a cliff earlier this week as the spot National contract rose a fraction to $1.358 per mile

The volume surge in freight primarily as a result of restocking store shelves is continuing and has reached a significant milestone in a key supply/demand metric.

Surging trucking demand reaches a milestone: It’s better than ’19 - FreightWaves FreightWaves’ OTRI is now higher than it was a year ago

In a times of crisis the government can suspend hours of service rules (logbooks) for truckers. It looks like the FMCSA is getting ready to do this on a federal level after numerous states already imposed their own suspensions. A suspensions of HOS rules in a time like this would not be for all drivers. Instead, it would be specific to those hauling loads of specific items. A move like this will help with restocking stores with essential items currently in high demand due do COVID-19.

BREAKING: FMCSA likely to grant Hours of Service waiver for all of the US - FreightWaves ATA says it expects a waiver. States are already granting them.