Category: Capacity
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Rising rejection rates amid demand drop reveal truckload capacity exodus
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Photo: Jim Allen – FreightWaves Chart for the week: Contract Load Size Indicator, External Bid Size Indicator – USA Sonar: CLAV.USA, OTRI.USA Carriers are accepting the same load volumes as they were in April 2023, near the theoretical limit of the last downturn in the freight market. Denial rates (the…
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Canada capacity utilization Q2 79.1% vs 78.6% last quarter
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Previous quarter: 78.5% revised to 78.6% details: Canadian industries operated at 79.1% of capacity in the second quarter of 2024. This represents a slight increase compared to 78.6% in the first quarter of 2024. Capacity utilization for the first quarter of 2024 was revised up by 0.1 percentage point. Mining,…
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PJM capacity prices could soar again in next auction, Morgan Stanley says (NYSE:VST)
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Gargolas/iStock via Getty Images Power prices for most of the PJM Interconnection coverage area could reach a price ceiling of $695 per megawatt per day, More than double A record high of $270 per megawatt-hour per day at PGM’s July capacity auction, driven by tight power supplies, Morgan Stanley said…