The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending December 22, 2018. For this week, total U.S. weekly rail traffic was 567,252 carloads and intermodal units, up 4.2 percent compared with the same week last year. Total carloads for the week ending December 22 were 277,111 carloads, up 3.1 […]
Air cargo volumes for November bucked normal seasonal trends and declined compared with October levels. The latest figures from analyst WorldACD show that there was a 1.4% year-on-year (YoY) decline in cargo volumes in November, but more surprisingly there was a slip of 2% compared with October. Usually air cargo demand increases in November as the industry […]
Shippers’ frustration with their inability to pick up containers and return empties at the Los Angeles-Long Beach port complex is rising, as thousands of dollars’ worth of detention and demurrage charges are accumulating owing to an unusual period of congestion.
The U.S. average retail price of diesel dropped 2.9 cents to $3.048 a gallon, the U.S. Energy Information Administration reported, as crude oil prices hovered around $45 per barrel.
Oil started 2019 with another price slide as weaker Chinese manufacturing data pointed to slowing demand in the world’s second-biggest consumer of the fuel and to growing risks of a global crude surplus.
A survey of American manufacturers showed the slowest growth in December in 15 months, reflecting a dip in confidence among executives about how their businesses will perform in the new year. IHS Markit said its manufacturing PMI slipped to 53.8 in December from an initial reading of 53.9, and it was down from 55.3 in the prior month.
While 2018 was largely characterized as a strengthening U.S. economy – equities are ending the year on a tumultuous note, causing concern among investors for the coming year.
Factory activity weakened across much of Europe and Asia in December as the U.S.-China trade war and a slowdown in demand hit production in many economies, offering little reason for optimism as the new year begins.
Without a doubt, 2018 was a banner year for trucking and almost every other form of freight transportation. Spurred in part by a cut in corporate taxes, business investment took off, hiring picked up and freight volume soared with both domestic and international shipments sharing in the bounty.
2018 was a year of new technologies and new regulations for the trucking industry and our 10 most popular news stories of the year covered the gamut. From potential hours of service changes to the legalization of marijuana to global trade deals, we covered it all to keep our readers informed throughout the year.
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