After a three-week lull, prices for air exports from China have turned noticeably upward, a trend most international trade professionals expect will continue through the end of the year as the traditional peak shipping season overlaps with high demand for coronavirus medical supplies and online retail orders, and major product releases from big tech companies. […]
In reporting U.S. rail traffic for the week ending August 29, 2020, as well as volumes for August 2020, Association of American Railroads Senior Vice President Policy and Economics John T. Gray emphasized the importance that railroads have in moving consumer goods, as indicated by the ongoing recovery in intermodal loadings. “Despite the pandemic and […]
More than six months into the COVID-19 pandemic the trucking industry’s health is stronger than the U.S. economy, as segments used in final-mile delivery, e-commerce, and deliveries to grocery stores and hospitals thrive. But the latest government reports show an economy continuing to struggle to recover amid a surge in the federal deficit and stubbornly […]
Although U.S. rail traffic declined 5.8 percent in August compared with the same month a year ago, total intermodal volume rose 3 percent to 1,122,954 containers and trailers, according to Association of American Railroads (AAR) data. U.S. railroads logged 898,227 carloads last month, down 14.9 percent from August 2019, while total combined volume fell to […]
A.P. Moller-Maersk’s (OTCMKTS: AMKBY) announcement earlier this week that it will integrate the air cargo and less-than-container-load (LCL) services of its subsidiary Damco into the Maersk brand has some customers checking their options. Shippers remain unclear how the absorption of Damco into Maersk will impact their overall logistics contracts with the longtime third-party logistics services […]
The Outbound Tender Volume Index (OTVI) climbed another 1.4% this week to a new all-time high of 16,053. OTVI has posted a string of consecutive all-time highs for many weeks now. It is important to note that OTVI does include rejected contract load tenders, so the true organic growth of load volumes is significantly lower […]
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