While the overall economic outlook may be best described as “inconsistent,” the railroad and intermodal market sectors have both witnessed consistent growth for the most part-especially over the last decade. In fact, in terms of volumes, these two vital freight transportation markets are ahead of where they were just a year ago at this time.
Archive for June, 2017
Despite record highs in the markets, bad news about consumers has been relentless: malls are closing; consumers have accumulated too much debt; incomes are stagnant. None of this bodes well for future consumer spending and economic growth. This is the established narrative — fairly straightforward, based on well-understood data.
South Korean shipping company Hyundai Merchant Marine (HMM) has seen a 67% year-on-year rise in its Asia-US volume in April 2017. The company’s volumes jumped from 10,733 TEU/WK to 17,932 TEU/WK in April after HMM formed a strategic cooperation with 2M.
Delta Air Lines Cargo and Grupo Aeromexico Cargo are teaming up on the cross-border US-Mexico trade under a flight and trucking partnership. After the two overall airlines announced a US-Mexico partnership deal last month, the carriers will expand the partnership to their cargo divisions to create “a bigger, better cargo operation” between the US and […]
The two nations reached an agreement on Tuesday regarding Mexican sugar exported to the United States. The agreement was seen as a test for both sides before they sit down for much bigger talks on NAFTA, the free trade deal between the U.S., Mexico and Canada. Those talks could begin in August.
Oil prices slid nearly 5 percent on Wednesday after the U.S. government reported an unexpected increase in crude inventories, fanning fears that output cuts by major world oil producers have not drained a global glut very much. Crude stocks in the United States grew 3.3 million barrels to 513 million barrels, according to the U.S. […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending June 3, 2017, as well as volume for May 2017. U.S. railroads originated 1,286,075 carloads in May 2017, up 8.4 percent, or 99,290 carloads, over May 2016. U.S. railroads also originated 1,339,417 containers and trailers in May 2017, up 4.6 […]
The world’s largest ocean carrier has piloted a program in four countries to offer loan capital to shippers and has recently expanded that facility to importers and exporters to the United States. The program is designed to give Maersk customers an alternative to bank financing for shipping and trade-related services attached to their ocean freight, […]
A spiraling diplomatic crisis in the Arab Gulf region is already snarling overland logistics along the Qatar-Saudi Arabia border, and regional freight forwarding is running into complications as Emirates and Etihad operations terminating in Doha grind to a halt. Saudi Arabia, the United Arab Emirates, Bahrain, Egypt, Yemen and Libya all announced that they were […]
Freight volumes, and total shipping costs, appear to be rising in the United States, as summer retail demand kicks in and ongoing industrial expansion gradually puts more shipments into tractor-trailers. However, more freight appears to be flowing through e-commerce channels, to the disadvantage, perhaps, of traditional truckload haulers, as online shopping and “free shipping” continue […]