The crude oil and diesel markets are entering 2021 on a bullish run, with the primary commodity exchange price of diesel just about where it was when the pandemic put the final dagger into prices in early March and with OPEC and its OPEC+ brethren shocking markets with a decision on further restraining output. The […]
Truckers will run into a winter storm in the southern Appalachians as the workweek comes to a close (for some of them). Freezing rain and heavy snowfall will make some roads risky for travel. As of Thursday morning, the storm was spinning over the Plains, dumping snow in the Ozarks of northern Arkansas and southern […]
As the COVID-19 pandemic stretches into 2021, the trucking industry will continue to address coronavirus-related challenges while confronting issues that existed long before most people had ever touched a face mask. The pandemic has slowed efforts to train, test and license truck drivers at a time when the industry’s persistent driver shortage topped the American […]
The trucking industry stands poised for a solid start in 2021, building on an unprecedented 2020 during which the U.S. economy relied heavily on truckers amid the COVID-19 pandemic. Sectors that are likely to see substantial gains in 2021 include final-mile delivery, homebuilding, and companies involved in and supporting the medical sector — including COVID-19 […]
The U.S. land borders with Mexico and Canada will remain closed for nonessential travel until at least Dec. 21, after the three countries agreed to extend the restrictions as COVID-19 surges. Officials announced the border closure extension on Thursday. Trucks will continue to move freely across the borders, as the movement of essential goods remains […]
U.S. railroads logged a 2% increase in combined carload and intermodal traffic during October compared with the same month a year ago, according to Association of American Railroads (AAR) data. Although carload volume declined 6.6% to 912,722 units during the month compared with October 2019, intermodal volume climbed 10% to 1,169,874 containers and trailers. Traffic […]
Total intermodal volumes rose 1.2% year-over-year in the third quarter of 2020, according to the Intermodal Association of North America’s Intermodal Quarterly report issued on Nov. 3. Domestic containers and trailers both gained 9.8% compared to Q3 2019, while international shipments dropped 6.5%. “Inventory replenishment and increasing e-commerce activity, along with some capacity constraints on […]
United States rail carload and intermodal volumes were mixed, for the week ending October 10, according to data issued this week by the Association of American Railroads (AAR). Rail carloads—at 230,964—saw a 5.2% annual decline. This trailed the week ending October 3, at 232,273, and topped the week ending September 26, at 224,146. AAR said […]
The national average price of diesel decreased seven-tenths of a cent, according to the Energy Information Administration’s weekly data released Oct. 19. The fall is the sixth drop in the past seven weeks. Trucking’s main fuel now costs $2.388 a gallon, 66.2 cents less than a year ago. Gasoline, meanwhile, dropped 1.7 cents to an […]
A Pew Research Center survey found that 22% of Americans moved or knew someone who movedbecause of the COVID-19 pandemic. In August, Axios reported that rents in Manhattan were falling while people searching for new homes across the U.S. on the Compass Real Estate website were up 40%. The mass exodus from major cities like […]
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