Logistics
December 4, 2024
Written by Robert Martin
After closing the third quarter -3.84% on a year-over-year (y/y) basis, it appears the fourth quarter Flatbed Index will land right around -1% y/y.
After a slight bump in rates in October, November cooled off, dropping flatbed rates by 2.5% month over month (m/m), effectively returning to where they stood in September.
The Association of American Railroads (AAR) has agreed to rescind the Open Top Loading Rule (OTLR), according to a notice issued by the Recycled Material Association (ReMA).
Canadian steel producers will get new help moving material across the country under a federal freight rebate plan launched on Aug. 10.
Gregg Troian, industry veteran and president of both PGT Trucking and the Board of Directors at the American Transportation Research Institute, cautions that the trucking industry continues to face mounting obstacles.
Steel trade groups have come out in support of the Building Unrivaled Infrastructure and Long-term Development for America's 250th Act (BUILD America 250 Act)
The Iran war and the blockade of the Strait of Hormuz have sent oil and aluminum prices soaring higher. The impact on steel has been mostly indirect but hardly insignificant – especially when it comes to the costs of moving metal.