A new trucking advocacy group is trying to buff up and modernize the image of the 7 million Americans involving in the domestic trucking industry.
Archive for September, 2015
Operational Costs Rise Despite Falling Fuel Prices
Rising equipment costs and driver wages led to an increase in operational costs in 2014, according to a comprehensive report from the American Transportation Research Institute.
AAR Reports Weekly Rail Traffic for the Week Ending September 19, 2015
WASHINGTON, D.C. – Sep. 23, 2015 – The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending Sep. 19, 2015. For this week, total U.S. weekly rail traffic was 566,734 carloads and intermodal units, down 2.5 percent compared with the same week last year.
Oil prices up on news of tightening U.S. supplies
On news of slightly decreased U.S. oil supplies Tuesday oil prices rose, with Brent crude up 55 cents to $47.89 a barrel after sinking 2.5 percent Monday. U.S. light crude was up 45 cents to $44.88.
Trucks haul 63.9% of U.S.-NAFTA freight, still most utilized mode
The value of U.S.-NAFTA freight totaled $93.0 billion in July 2015 as all modes except air carried less freight than in July 2014, according to the TransBorder Freight Data released today by the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS
Consumer Confidence Unexpectedly Rises in September
Consumer confidence unexpectedly rose in September as a resilient labor market helped American shake off the effects of tumbling stock prices.
GAO report details cost of food aid shipping requirements
The U.S. Government Accountability Office (GAO) said in a report issued Friday that cargo preference for food aid (CPFA) requirements increased the overall cost of shipping food aid by an average of 23 percent between April 2011 through fiscal year 2014, or $107 million over what the cost would have been had had cargo preference […]
Consumer Prices Drop in August Triggered by Declining Cost of Gasoline
Prices paid by American households declined in August as cheaper gasoline helped keep inflation below the objective of Federal Reserve policymakers.
Truckload rates up for sixth straight month
Truckload rates increased 3.7 percent in August 2015 compared to August 2014 following year-over-year increases of 3.6 percent in June and July, according to the latest Cass Truckload Linehaul Index.
Shipper size matters in port diversification choice
The surge in cargo volume that major U.S. East Coast container ports have experienced this year at the expense of their West Coast counterparts has come mostly from large shippers because smaller companies can’t afford to alter their supply chain network, according to one logistics expert.