The ransomware attack on Forward Air’s (NASDAQ: FRWD) operational and information technology systems more than a week ago has caused shipping delays for customers, especially those that use them to move loads to, from and between airports. Cargo is moving, but the information flow is hampered without the automated interfaces companies rely on, logistics professionals say. Freight forwarders […]
As 2020 draws to a close, the world’s container-shipping network is bursting at the seams. The Shanghai Containerized Freight Index jumped again last week, to another all-time high. There’s market chatter of all-in Asia-West Coast rates (including premiums) of over $8,000 per forty-foot equivalent unit (FEU) and Asia-East Coast rates of $10,000 per FEU. The […]
The freight rail industry needs to reconsider where it places buffer cars and tank cars on trains carrying hazardous materials in order to better protect train crew members and reduce the severity of a potential accident, according to recommendations from the National Transportation Safety Board concerning two accidents in April 2019 and February 2020. NTSB’s safety recommendations […]
As outlined in Part 1 of this article, TTX Company was founded on November 9, 1955 as Trailer Train Company. Trailer Train’s founders/owners were the Pennsylvania Railroad (PRR), Norfolk & Western Railroad (which was partially owned by the PRR) and Rail-Trailer Corporation. The new company’s name was the result of an employee contest held by the Pennsylvania […]
For truckers dreaming of a white Christmas, the Northeast is the place to be. Accumulating snowfall is likely to favor interior locations, including eastern Great Lakes cities. It will be nice for drivers who make it home for the holiday, but not necessarily for those working through it. This system will not be as disruptive […]
The United States has some of the most dangerous roads in the world, based on highway deaths per capita. The World Health Organization ranks our nation as much more dangerous than most northern European countries at 11 highway fatalities annually per 100,000 people. This is three times the death rate of the United Kingdom. The […]
The leadership of the Federal Maritime Commission says it is becoming worried that ocean carriers may be assessing unfair detention and demurrage charges at the Ports of Los Angeles and Long Beach, Calif., as well as the Port Authority of New York and New Jersey. In the past several months, those ports and several others […]
Is adding 20,000 trucking jobs in just three months a lot of jobs or is it falling short given the current state of the freight market? That is a question that was raised byAaron Terrazasof Convoy in analyzing the monthly employment numbers released Friday morning by the Bureau of Labor Statistics. It’s notable in light of the […]
To say that current trade conditions are challenging would be an understatement, particularly in North America, which is experiencing an unprecedented surge in imports from Asia. This COVID-19-related cargo surge was not expected, it is not clear how long it will last and we must manage our way through it in the short term.
U.S. carload volume on a weekly basis is almost at the same level as a year ago, with last week’s volumes down by only 1.4%, according to data from the Association of American Railroads. U.S. carload traffic totaled 244,986 carloads for the week ending Saturday, which is 1.4% lower than the same period in 2019 and […]
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