Archive for March, 2017

Small US trucking companies bolster capacity

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 Makes Billion-Dollar Bet on 747 Hauling Cargo, Not People

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, […]

Container traffic rebound points to market uptick

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 […]

Rail Industry Sets New Safety Record

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 […]

AAR Reports Weekly Rail Traffic for the Week Ending March 25, 2017

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 […]

New Report Confirms Freight Railroads Are Deeply Connected to International Trade

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 […]

Pending home sales surge to 10-month high

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 […]

MSI: Is the Boxship Industry Really Recovering?

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).

Outlook for Canadian economy still uncertain: Poloz

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 […]