The consensus among those in the reefer shipping sector is that a shortage of reefer containers continues to negatively impact the sector. A closer look at the problem, however, reveals some underlying causes as well as ways to mitigate the situation. (This article requires a subscription to the Journal of Commerce. To subscribe, please click […]
Archive for February, 2018
The final numbers for January trailer orders have come in, showing a strong start to 2018 for the trailer industry as fleets try to meet increased freight demand, according to ACT Research. This lines up with reports from ACT as well as FTR that projected up to 39,000 units, capping a three-month stretch of strong […]
Tuesday was a busy day for U.S. economic data, with orders for business equipment unexpectedly declining in January for a second month and consumer confidence vaulting to a 17-year high. Reports also showed solid home-price gains, the widest merchandise-trade deficit since 2008 and a jump in inventories. Here are five charts to help you sort […]
BNSF Railway is spending $375 million in Texas and $110 million in Oklahoma as part of its $3.3 billion 2018 capital expenditure program that focuses on maintenance projects. In Texas, the railroad will conduct track surfacing and/or undercutting on about 1,400 miles of track and replace nearly 40 miles of rail and 450,000 ties.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending February 24, 2018. For this week, total U.S. weekly rail traffic was 528,440 carloads and intermodal units, up 2.8 percent compared with the same week last year. Total carloads for the week ending February 24 were 251,970 carloads, down 1.3 […]
Airfreight rates on major transpacific, Asia-Europe and translatlantic routes continued to track ahead of 2017 levels in February, despite demand slackening off. The latest figures from TAC Index show that February airfreight rates on services from Hong Kong to North America increased by 42.5% year on year to $3.62 per kg. This increase reflects demand […]
Asian airlines started the year strongly with many of the region’s major carriers reporting stronger growth than they achieved last year. However, it should be noted that growth figures in the first part of the year can be affected by the timing of the Chinese New Year and it is perhaps better to wait until […]
A preliminary report about the U.S. manufacturing sector for this month showed business conditions continue improving, hitting a 40-month high, while a separate one on existing home sales revealed a decline for the second straight month amid higher prices and a supply shortage.
US-based carrier Southwest Airlines intends to begin shipping cargo to international destinations from this May, subject to receiving the necessary government approvals. Southwest Airlines Cargo expects to initially serve Mexico City, Cancun, Cabo San Lucas/Los Cabos and Puerto Vallarta – all of which are in Mexico – before expanding its shipping connections to more international […]
President Donald Trump’s pledge to fix America’s ailing roads, bridges and airports may get an unlikely boost from retirement savers some 10,000 miles away in Australia. In face-to-face talks at the White House this week, Prime Minister Malcolm Turnbull will propose using a chunk of Australia’s A$2.53 trillion ($1.99 trillion) pension savings pool to help […]