Class I rail executives are hoping anticipated higher North American intermodal volumes will be a moneymaker for their companies in 2021. The COVID-19 pandemic is continuing to spur high e-commerce levels, with consumer spending expected to remain elevated, executives said over the last two weeks in fourth-quarter earnings calls to investors and analysts. Meanwhile, executives […]
For the second week in a row, drivers in 2021 are seeing higher diesel prices as the nationwide cost of trucking’s main fuel ticked up, as it did during the last weeks of 2020, the Energy Information Administration reported Jan. 18. The price of diesel notched a 2.6-cent increase, rising in all 10 regions EIA […]
The incoming administration is calling on Congress to approve emergency aid for transportation programs as part of a $1.9 trillion pandemic relief package. President-elect Joe Biden’s economic assistance measure aims to remedy funding woes across commercial and passenger corridors, as well as reinforce supply chains in states and municipalities. Congress, which will be led in […]
Despite retail sales declining sequentially each of the last three months of the year, the 2020 holiday shopping season was one for the record books. Retail sales during 2020’s November-December holiday season grew an unexpectedly high 8.3% over the same period in 2019. The 8.3% increase was more than double the 3.5% average holiday increase […]
Truckers will hit virtually every type of disruptive weather Wednesday in many spots from Texas to California. First, pockets of freezing rain and snowfall will make roads extra slick from El Paso, Texas, westward to portions of New Mexico and Arizona. Major accumulations are not likely, but it could be just enough to slow down […]
In the movie “Falling Down,” the character played by Michael Douglas is stranded in a Los Angeles traffic jam. He abandons his car, starts walking with briefcase in hand and ultimately has a mental breakdown. Cargo shippers trying to get their containers through the ports of Los Angeles and Long Beach can relate. The pileup […]
The land borders between the United States, Canada and Mexico will remain closed to nonessential travel until at least Feb. 21. U.S. Homeland Security announced the U.S.-Mexico-border closure extension on Tuesday. Commercial trucks will continue to move freely across the borders, as the movement of essential goods remains exempt from the restrictions. “We are working […]
The incoming Biden administration faces a U.S. economy that appears to be slowing as COVID-19 cases surge. Vaccinations in the U.S. began Dec. 14, and so far, 9.94 million doses have been given, according to a state-by-state tally by Bloomberg News and data from the Centers for Disease Control and Prevention updated Jan. 12. An […]
A blizzard will slam parts of the Midwest over the next couple of days, challenging truckers making deliveries or trying to get home for the weekend. A strong low-pressure system and associated cold front will move into the Plains and Upper Midwest, ushering in cold air, wicked winds, heavy snowfall and spots of freezing rain. […]
The air cargo market ended 2020 on a high note, picking up steam again in December and setting the stage for a potential full recovery to pre-pandemic levels in the first quarter of 2021 with little sign there will be a normal seasonal falloff, according to the latest industry data. Global airfreight volumes rose 2.5% […]
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