Archive for July, 2016

Trucks Move Bigger Slice of NAFTA Freight, Overall Value Keeps Falling

A new Transportation Department report shows trucks carried more U.S. freight by value with its North American Free Trade Agreement partners, Canada and Mexico, in May compared to the year before. But declines in all other freight modes led to a 3.1% decrease in the dollar value of cross-border freight, totaling $89 billion.

ILWU to consider vote on early contract talks

Recognizing the importance of labor stability in the face of growing competition from Canadian and East Coast ports, the International Longshore and Warehouse Union will call delegates to San Francisco Aug. 10 to 12 to consider a vote on launching early talks with West Coast employers to extend the current coastwide contract beyond its July […]

Betting on demand, HUB to add 2,000 intermodal containers

HUB Group expects intermodal volumes to grow 2 to 4 percent this year, despite a 2 percent decline in consolidated intermodal volume in the second quarter. Bid awards and marketing initiatives pushed volumes up 1.5 percent in June, HUB said, reversing the decline in traffic. (This article requires registration at the Journal of Commerce. To […]

Inventory liquidation weighs on U.S. second-quarter GDP growth

The U.S. economy grew far less than expected in the second quarter as inventory investment fell for the first time in nearly five years, but a surge in consumer spending pointed to underlying strength. Gross domestic product increased at a 1.2 percent annual rate after rising by a downwardly revised 0.8 percent pace in the […]

Diesel Fuel Prices Continue to Drop

The average price of diesel fuel fell again last week, continuing a steady decline in prices that began over a month ago, according to the latest numbers from the Energy Department.

Truck tonnage drops, forecast to remain “choppy”

For-hire truck tonnage in the U.S. continued its see-saw course in June, dropping 1.5 percent from May after increasing a revised 2.9 percent that month, the American Trucking Associations said Tuesday. That indicates U.S. freight markets had difficulty finding traction at the end of the second quarter despite low unemployment, comparatively low fuel prices and […]

Long Beach: Plenty of affordable power while moving to zero-emission harbor

Beneficial cargo owners who question if the Port of Long Beach will have access to sufficient, affordable power while building a zero-emission harbor should rest assured that the second-largest U.S. port is already well-along in achieving that goal. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)