A healthy U.S. economy has shipping rates poised to head higher, but an upcoming federal mandate to equip long-haul trucks with electronic logging devices could disrupt the industry and launch trucking prices into an even more rapid ascent.
Archive for March, 2017
Shippers concerned about tightening US truck capacity may need to broaden their search for space to put freight. Large US truckload carriers are clawing back their own capacity by cutting trucks from their fleets, but a rise in the number of motor carriers at the other end of the for-hire trucking scale is adding to […]
Boeing Co. has a temporary plan to save the iconic but slow-selling 747 jumbo jetliner: buying its own planes and leasing them to cargo haulers. With the effective shutdown by Congress of the U.S. Export-Import Bank — which traditionally has helped overseas carriers purchase planes — Boeing lost a key sales tool. Making matters worse, […]
A 5 percent increase in global container port traffic in the final quarter of 2016 points to an uptick in a market that has viewed modest growth over the past two years as the new normal, according to Drewry Shipping Consultants. (This article requires a subscription to the Journal of Commerce. To subscribe, please click […]
U.S. railroads had the lowest train accident rate on record in 2016, according to data from the Federal Railroad Administration (FRA). Derailment rates, which declined 10 percent in 2016 from 2015, as well as track-caused accident rates, are also both all-time lows. The 2016 rail safety statistics continue a string of record-setting years, showing this […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending March 25, 2017. For this week, total U.S. weekly rail traffic was 526,471 carloads and intermodal units, up 12 percent compared with the same week last year. Total carloads for the week ending March 25 were 260,897 carloads, up 12.4 […]
The Association of American Railroads (AAR) today released an assessment of trade’s impact on the freight railroad industry, finding that at least 42 percent of rail carloads and intermodal units, and more than 35 percent of annual rail revenue, are directly associated with international trade. Approximately 50,000 domestic rail jobs, accounting for more than $5.5 […]
Contracts to buy previously owned U.S. homes jumped to a 10-month high in February, pointing to robust demand for housing ahead of the spring selling season despite higher prices and mortgage rates. The National Association of Realtors said on Wednesday its Pending Home Sales Index, based on contracts signed last month, surged 5.5 percent to […]
Following the first quarter of 2017 optimism seen in the containership industry, as well as the sentiment shift in the markets, the industry could be heading to healthier rates with earnings following the course, according to Maritime Strategies International (MSI).
The head of the Bank of Canada says he is still keeping a close eye on risks to the economy even after a string of healthier-than-expected numbers. The remarks by Governor Stephen Poloz on Tuesday followed a speech in Oshawa, Ont., where he made the case for a policy mix frequently promoted by the federal […]