The peak-shipping season in the eastbound Pacific has yet to take off in earnest as spot rates declined slightly for the third consecutive week. By contrast, in mid-July last year spot rates were moving higher, and they remained strong through the end of the year.
Archive for July, 2017
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 22, 2017. For this week, total U.S. weekly rail traffic was 534,152 carloads and intermodal units, up 1.1 percent compared with the same week last year. Total carloads for the week ending July 22 were 256,863 carloads, down 2 […]
A slowdown in euro zone business growth at the start of the second half of 2017, alongside declining inflation pressures in a key business survey, could put paid to expectations of a stimulus clawback by the European Central Bank later this year.
The Railway Supply Institute ARCI (American Railway Car Institute) Committee on July 25 published its railcar industry order, delivery and backlog statistics for second-quarter 2017. Orders in the quarter improved sequentially to 17,665 cars from 4,814 cars in the first quarter. Deliveries of 10,625 railcars increased 5.8% from 10,042 railcars. The backlog now stands at […]
What’s the economic future for trucking in America look like? The American Trucking Associations issued its 2017-2018 Freight Transportation Forecast earlier this week, and suggests there’ll be continued growth driven by manufacturing, consumer spending and international trade for the next 12 years.
Continued growth appears to be the main thesis looking out over the next decade for the freight transportation market, according to the American Trucking Associations (ATA) ATA Freight Transportation Forecast 2017, which was released today. Data for this report comes from both the ATA and IHS Global Insight.
Trucking capacity is not waiting for the electronic logging mandate this December to contract: it is tightening now. US freight demand surged in the second quarter and caught up with truck supply, consuming capacity and pushing up rates on the truckload spot market. The likely result is tighter margins for freight brokers and, eventually, higher […]
Truckload linehaul rates appear to be stabilizing while intermodal rates continue moving higher but at a slower pace, according to two new reports. The Cass Truckload Linehaul Index increased 1.5% in June compared to the same time a year ago, hitting a level of 123. This marks the third straight month of year-over-year gains following […]
Homebuilders ramped up construction in June to the fastest pace in four months, led by surges in the Northeast and Midwest. Housing starts climbed 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million, the Commerce Department said Wednesday. The gain ended three straight monthly declines and marked the strongest pace of […]
U.S consumer confidence jumped to a near 16-year high in July amid optimism over the labor market while house prices maintained their upward trend in May, which could boost consumer spending after recent sluggishness. The reports on Tuesday underscored the economy’s strong fundamentals, expected to keep the Federal Reserve on course to raise interest rates […]