Archive for February, 2016

Mega-ship christening sends message to US ports to prepare

The CMA CGM Benjamin Franklin on Friday was christened in Long Beach, and with the largest container ship to call in the U.S., with a capacity of 18,000 20-foot container units, the carrier was sending a message to ports on both coasts. “These are the vessels the U.S. will have to handle on a regular […]

Rail competition intense for even modest US intermodal growth

Intermodal volume growth slid to a near-halt in 2015, and the headwinds that stymied growth — high inventories, a strong U.S. dollar, decelerating manufacturing production, low fuel prices and flush truck capacity — show no signs of subsiding anytime soon. (This article requires registration at the Journal of Commerce. To access, please click on the […]

U.S. shale’s message for OPEC: above $40, we are coming back

For leading U.S. shale oil producers, $40 is the new $70. Less than a year ago major shale firms were saying they needed oil above $60 a barrel to produce more; now some say they will settle for far less in deciding whether to crank up output after the worst oil price crash in a […]

U.S. pending home sales hit one-year low in January

Contracts to buy previously owned U.S. homes fell to their lowest level in a year in January, likely weighed down by harsh weather and a shortage of properties for sale, a report showed on Monday. The National Association of Realtors said its pending home sales index declined 2.5 percent to 106.0, the lowest level since […]

Beyond the Oil-Industry Bloodbath

Forced to reckon with a prolonged period of low energy prices, oil chiefs at the annual IHS CERAWeek energy gathering sought to portray themselves as steely survivors in an industry grappling with spending cuts and asset sales. (This article requires a subscription to the Wall Street Journal. To access, please click on the above link.)

DAT: Spot Truckload Rates Steady, Poised for Spring Thaw

Shippers and brokers posted more loads on the spot market for the week ending Feb. 20 compared to the week before while the number of available trucks moved slightly lower, according to DAT Solutions and based on its network of load boards, but rates held steady during a time of year they usually gain at […]

For intermodal, another double-digit gain

Intermodal continues to carry the day for the North American freight railroad industry, registering a gain of nearly 20% for the week ending Feb. 20, 2016, the third consecutive week of double-digit growth, compared to the prior-year period, and offsetting weak carload traffic—which includes a sharp drop in crude oil.

Economic Watch: New Reports Raise Concerns About a Recession

A glimmer of hope that U.S. manufacturing was starting to rebound at the start of the year may have been quickly been dashed, leading to increasing concerns about the state of the overall economy, while separate reports show consumers don’t feel as good as they did last year, but they are still in the mood […]

US West Coast congestion cost Washington $770 million, study says

Washington state suffered an economic impact of $769.5 million due to labor disruptions at West Coast ports this past year, according to one of the most detailed analyses of the impact of a labor disruption on U.S. business and industry. (This article requires registration at the Journal of Commerce. To access, please click on the […]