Archive for May, 2018

Airfreight traffic growth back on track in April

Airfreight traffic growth was back on track in April after an “abrupt” slowdown in performance during March. The latest figures from IATA show that freight tonne kms (FTK) increased by 4.1% in April, compared with a “sharp fall” in growth during March to 1.8% – a 23-month low. The end of the restocking cycle, poor […]

UPS Plans Rate Hike for Heavy Freight as E-Commerce Volume Grows

UPS Inc. will increase its over-the-maximum limits and the oversize pallet-handling surcharge to $650 from $500 beginning June 4. The Atlanta-based parcel-delivery company said in a statement to Transport Topics it is raising the rate because many of the items it is being asked to ship are not suited for its small-package network and instead […]

Rail Traffic for the Week Ending May 26, 2018

The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending May 26, 2018. For this week, total U.S. weekly rail traffic was 565,502 carloads and intermodal units, up 4.4 percent compared with the same week last year. Total carloads for the week ending May 26 were 273,226 carloads, up 3 […]

Canadian Pacific Rail Workers’ Strike Threatens Freight Traffic

More than 3,000 Canadian Pacific Railway Ltd. workers walked off the job, threatening a wider disruption in freight traffic and setting up the first major labor test for Canadian Prime Minister Justin Trudeau. The strike by conductors and locomotive engineers began at 10 p.m. Eastern time, Teamsters Canada Rail Conference said in an e-mail statement […]

Trucking Group to Challenge California Supreme Court’s Independent Contractor Ruling

The Western States Trucking Association plans to challenge a California Supreme Court ruling that it says will effectively end the use of trucking owner-operators in the state. In the landmark Dynamex Operations West Inc. v. The Superior Court of Los Angeles County decision, the state Supreme Court ruled that certain workers, in particular transportation drivers, […]

U.S. first-quarter growth revised a touch lower

U.S. economic growth slowed slightly more than initially thought in the first quarter amid downward revisions to inventory investment and consumer spending, but a robust labor market and income tax cuts are likely to boost activity this year.

2M Alliance hits market with bunker surcharges as fuel prices climb

Maersk Line has followed its 2M Alliance partner Mediterranean Shipping Company in introducing an emergency bunker surcharge from June 1 on all corridors as rising fuel prices ramp up unit costs and erode profitability. The Danish carrier will impose a $60 per TEU and $120 per FEU bunker surcharge on all cargo globally, effective June […]

US shippers hitting capacity barriers on rail, road

US shippers stung by rampant truckload rate increases are looking for alternate routes to customers, but they’re finding capacity is tight and prices high no matter where they look. Higher intermodal spot rates, combined with rail capacity limits and service issues, is turning some freight that would otherwise shift to rail back to the highways, […]

Economic Watch: Business Investment, Consumer Sentiment Strong as Home Sales Slip

Orders for long-lasting durable goods fell in April, but a closely watched proxy of business investment moved higher. And although sales of existing homes declined, consumer sentiment remains strong. The Commerce Department reported on Friday new orders for durable goods fell 1.7% in April from the month before, as demand for new transportation equipment, mainly […]

Why shippers, not truckers, hold the key to US truck capacity

There’s a clock that regulates supply chains, and lately it is losing time, not just by a beat, but hours and days. That throws off sales forecasts and orders, lengthens transit times, and leads to missed deliveries and a pervasive imbalance in assets, people, and goods throughout the economy. The cost of this loss of […]