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% […]
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 […]
A year ago, shipping experts unveiled their projections for 2020. Little did they know how short their forecasts’ shelf lives would be. Pre-COVID outlooks were practically worthless by February. The pandemic reshaped cargo demand across all shipping segments, but for two in particular: container shipping and tanker shipping. In both cases, COVID had a violent […]
The statistical coverage of railway freight volume changes in Canada, Mexico and the United States is excellent. But after the extreme changes week over week due to the COVID-19 business impacts, maybe it is time to consider a different method. Here is why: Weekly reports issued by the Association of American Railroads (AAR) employ a […]
Some analysts don’t believe an easing of instruction and testing rules for issuing commercial driver’s licenses will meaningfully change the current tight supply dynamic that exists in trucking. Federal regulators recently issued a final rule allowing a third-party skills instructor to administer both instruction and qualifying testing to the same driver applicant. Previously, both functions could not […]
Companies that received funding under the Paycheck Protection Program the first time around are going to get a second shot at more money. But it’s possible that trucking companies are just making too much money to get another bite at the apple. For companies that would be going in for PPP funding a second time […]
The U.S. freight rail industry is hopeful that a temporary federal incentive that encourages short line railroads to make capital investments will become permanent. Within the $1.4 trillion fiscal year 2021 appropriations bill that Congress passed, there is a provision that would make permanent the short line tax credit. The credit, also known as the 45G tax […]
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