After three weeks of declines, the Department of Energy/Energy Information Administration weekly diesel price turned upward. The price came in at $3.339/gallon, an increase of 1.5 cents. It’s just the second increase in the last six weeks. Commodity diesel prices were on a significant upturn last week, though they were coming off a few days […]
Archive for August, 2021
From anchorage stats to forward arrivals, ocean bookings, and inventory-to-sales numbers, all the latest data paints the same picture: The U.S. congestion crisis has never been more severe than it is now — and it’s getting worse. Hope for any relief this year has vanished. French carrier CMA CGM is the latest in a long […]
Port Houston announced Wednesday that July was the biggest month ever recorded for container twenty-foot equivalent units, with 297,621 TEUs moved. That beat the previous record set in March by more than 73,000. July saw a 27% increase in container TEUs year-over-year (YoY) and was the fifth month of 2021 recording double-digit growth in container TEUs […]
According to Truckload Carriers Association (TCA) data, brokerage revenue as a percent of total hit an all-time high this past June with a value of 22.01%. This is occurring at the same time as near-record revenue efficiency is being hit on the asset side. When these two values move higher together, it is an indication […]
There are many people interested in former transportation companies, whether they were trucking companies, railroads, airlines or ocean lines. They are called “fallen flags,” and the term describes those companies whose corporate names have been dissolved through merger, bankruptcy or liquidation. As reported in Part 1 of this article, the Illinois Central Railroad (IC) is among the […]
There are many people interested in former transportation companies, whether they were trucking companies, railroads, airlines or ocean lines. They are called “fallen flags,” and the term describes those companies whose corporate names have been dissolved through merger, bankruptcy or liquidation. The Illinois Central Railroad (IC) is among the most notable of the railroads that […]
The national average price for a gallon of diesel fell 3.2 cents to $3.324 in the biggest price drop in more than 15 months, according to Energy Information Administration data released Aug. 23.
The California Transportation Commission recently allocated $1.4 billion for transportation infrastructure projects, including efforts to improve freight movement. The 13-member commission is responsible for programming and directing transportation funds for highway, rail, transit and active transportation purposes.
Every Friday, FreightWaves takes a look at the past week or so in social media, highlighting images in trucking, transportation and weather. This week features the monstrous Dixie fire in California, major flooding from Tropical Storm Fred, a train colliding with a truck in Ohio and more.
Freight markets have entered their second year of extreme dislocation, brought on by record consumer spending and a transportation network that doesn’t have the labor or equipment to fill the need. A lack of openings on ocean sailing schedules, ships waiting longer to berth at the ports and delays unloading the freight once it has […]