Since the early 1990s, global trade agreements have divided the world up into larger and larger chunks of trading blocks where goods can flow virtually unimpeded across national borders that once protected their precious industries from outside competition with tariffs, duties and penalties. The Free Trade Agreement between the U.S., Canada and Mexico was signed […]
The Surface Transportation Board approved on April 10 a joint proposal by Louisville & Indiana Railroad (L&I) and CSX Transportation to upgrade a key freight corridor between Indianapolis and Louisville, Ky.
Even with a very slight decline, the non-manufacturing activity for the month of March was strong, according to data issued today by the Institute for Supply Management (ISM) in its Non-Manufacturing Report on Business
Oil companies have a knack for picking the bottom in crude prices, and history may be about to repeat itself. Traders and analysts are speculating that Royal Dutch Shell Plc’s takeover of BG Group Plc for $70 billion announced Wednesday may be the first in a wave of acquisitions as Big Oil seeks to drive […]
(This article requires registration at the Journal of Commerce. To access, please click on the above link.) Trucking employment declined last month for the first time since May 2013 as U.S. job markets overall stumbled amid slower-than-expected economic growth.
Amid a perfect storm of increasing market demand requiring more drivers, a declining number of drivers due to an aging workforce, and fewer younger drivers being hired, the driver shortage is only getting worse, according to the HireRight 2015 Transportation Spotlight.
It’s a tough time to for shippers, trucking companies or logistics managers to be in the business of forecasting the prices of crude oil or diesel fuel.
Although it’s likely to land with a solid thud on Capitol Hill — given that there are just two months left until current surface-transportation legislation expires — the U.S. Department of Transportation officially announced its $478-billion, six-year transportation reauthorization proposal.
(This article requires registration at the Journal of Commerce. To access, please click on the above link.) Global air cargo traffic soared by 11.7 percent in February, driven largely by the timing of the Chinese lunar New Year and the congestion at U.S. West Coast ports, the International Air Transport Association reported. There was a […]
(This article requires registration at the Journal of Commerce. To access, please click on the above link.) Hefty increases in truck driver wages will propel truckload rates higher in 2015 and beyond, potentially pushing pricing up by double digits, a transportation analyst warns. Truckload rates may need to rise as much as 12 to 18 […]
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