Freight

FTR explained that tighter capacity and slightly stronger freight volume more than offset lower fuel costs and weaker freight rates.

The report’s first quarter shipment index value, at 75.4, fell 5.8% compared to the fourth quarter 2024, its 11th consecutive sequential decrease, and was off 13.8% annually. First quarter freight spend, at 177.8, fell 2.5% compared to the fourth quarter and was down 8.6% annually.

The March shipments reading, at 1.054, fell 3.5% annually and was flat compared to March, and March expenditures, at 3.163, increased 2.8% compared to February and were off 2.0% annually.

Earlier this week, Atlanta-based global freight transportation and logistics services provider UPS rolled out new ground shipping offerings, geared towards both residential and commercial shippers.

For January, the most recent month for which data is available, the SCI came in at 0.6, up from a -1.8 December reading and November’s 2.3 reading.

Descartes says the move will expand its carrier network and offer better tools for customers managing domestic freight.

Quarterly revenue, at $22.16 billion, increased 2% annually, and operating income, at $1.29 billion, rose 4%. Earnings per share, at $4.51, fell short of Wall Street expectations, at $4.56.

The January shipments reading, at 0.954, fell 8.2% annually and was off 5.3% compared to December. January expenditures, at 2.971, fell 4.2% annually and dropped 4.8% compared to December.

The December shipments reading, at 1.007, fell 6.5% annually and was down 7.3% compared to November. The December expenditures reading, at 3.120, fell 3.4% annually and was down 2.6% compared to Novembe

With former President Donald J. Trump winning back the White House, it is clear that the supply chain and freight logistics markets are in for some changes on various fronts.

Quarterly consolidated revenue, at $22.2 billion, increased 5.6% annually, and adjusted earnings per share, at $1.76, topped the $1.57 reading a year ago. Consolidated quarterly operating profit came in at $2.0 billion, which was up 47.8% annually.

Fremont, Calif.-based RK Logistics Group announced it acquired a Tempe, Az.-based facility and assets from warehousing and expedited transportation services provider Southwest Supply Chain Solutions.

The report’s second quarter shipment index value, at 85.6, was off 2.2% compared to the first quarter and down 22.4% annually.

June’s shipment reading, at 1.078, fell 6.0% annually, in line with May’s 5.8% annual decline, and was down 1.8% compared to May. On the expenditures side, the June reading fell 9.4%, from May to June (in line with May’s 9.0% decline), coming in at 3.189, and was down 3.0% compared to May.

For April, the most recent month for which data is available, the SCI came in at 3.0, following March’s -1.2 reading and February’s -1.4 reading, with the latter representing first negative reading following several months of growth, going back to September 2022. The January SCI came in at 3.4, which was 3% below December’s 6.4 reading and also below November’s 6.3.