In an exclusive interview at the launch of the Chicago Entrepreneurs of Color Fund, JPMorgan Chase CEO Jamie Dimon tells CNN’s Christine Romans why he believes the strong economy may be sustainable.
Archive for July, 2018
U.S. Manufacturing Is Alive And Well With Record Output At Falling Prices
The BEA’s report last week on GDP by Industry showed that real manufacturing output (value added) in the US reached an all-time record high of more than $2 trillion (in 2009 dollars) in the first quarter of this year.
Top 25 Cargo Airlines
FedEx extended its position as the world’s busiest freight-parcel carrier in 2017 (see table at end of article), while Emirates maintained its lead in terms of pure cargo despite Qatar Airways rapidly closing the gap on its Middle East rival. As expected, the latest figures from IATA’s World Air Transport Statistics report shows that the […]
BNSF to limit retrofit tank cars: Report
A move by a major western Class I railroad to restrict certain tank cars could pinch available capacity as shippers ramp up crude oil volumes. Following a June derailment in Iowa, BNSF Railway is moving to limit the use of older tank cars retrofitted to upgraded DOT 117 federal safety standards, Reuters reported. The move […]
T&I Chair Shuster introduces draft of infrastructure plan
House Transportation and Infrastructure Committee Chairman Bill Shuster (R-Pa.) has introduced a draft of an infrastructure plan that would be funded in part by an increase in fuel taxes.
Rail Traffic for May and the Week Ending July 21, 2018
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 21, 2018. For this week, total U.S. weekly rail traffic was 553,024 carloads and intermodal units, up 4.9 percent compared with the same week last year. Total carloads for the week ending July 21 were 265,338 carloads, up 3.8 […]
June truck tonnage is solid, reports ATA
The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index fell 0.4%, to 113 (2015=100) from May to June, following a 0.4% April to May increase.On an annual basis, the SA was up 7.8%, which is ahead of May’s 7.4% annual gain. And on a year-to-date basis, SA is up 7.9%, which tops last year’s 3.8% […]
Trucking Alliance Pushing for State ELD Mandates
The Alliance for Driver Safety & Security, also known as the Trucking Alliance, is calling for all state legislatures to require electronic logging devices in commercial trucks that only operate within their state (intrastate).
Survey Finds Fleets Bracing for More Turnover, Higher Wages
In its most recent Recruitment & Retention Survey, Driver iQ found that, by and large, fleets expect to raise truck driver wages and offer more bonuses while turnover continues to increase. In a trucking environment where fleets are increasing driver pay, benefits, and sign-on bonuses, more than a third of fleets have reported that 6-10% […]
US truck driver pay rises, but shortages persist
US trucking companies are throwing everything but the kitchen sink into efforts to hire and keep truck drivers, the most essential yet often missing element of freight transportation capacity in 2018. Heck, they’d even toss in the kitchen sink — if they could fit one in a Class 8 tractor. (This article requires a subscription […]