Rates on the spot freight market increased in all three major categories for the first time in weeks, according to the freight matching service provider DAT Solutions. The national average van rate picked 0.5% for $1.88 per mile for the week ending Feb. 28 compared to the previous week. The hike was in the linehaul […]
Intermodal rail traffic fell in February, according to new figures released on Wednesday by the Association of American Railroads. U.S. railroads originated 929,395 containers and trailers during the month, down 6.5%, or 64,384 units, from the same month last year.
(This article requires registration at the Journal of Commerce. To access, please click on the above link.) Shippers can expect domestic rates to spike within the next month as U.S. West Coast ports regain productivity and shippers rush to move containers long delayed by labor contract negotiations, an intermodal pricing index provider said Tuesday.
Expected post-Lunar New Year cargo growth will accelerate equipment, cargo handling and other costs going forward. While the full impact on ocean carrier deployments to U.S. West Coat ports has yet to be measured, major players comprising the Transpacific Stabilization Agreement (TSA) are standing firm on raising rates.
A stronger-than-forecast U.S. payrolls report strengthens the argument for the Federal Reserve to begin raising interest rates in June, after the jobless rate reached the range that officials view as full employment.
The Labor Department released last month’s employment figures Friday morning, and the report shows U.S. employers continued the high pace of hiring last month as the unemployment rate dropped, although wage gains continue to plod along at a slow, but steady, rate. All this points to an improving labor market and a boost in the […]
The average on-highway price of a gallon of diesel is slowly creeping back toward the $3 mark, and the weather may well have something to do with it. According to the Energy Information Administration of the Department of Energy, the average price increased 3.6 cents to $2.936 a gallon for the week ending March 2.
Exploding oil trains-this was only the latest in a series-have emerged as a dangerous side effect of the U.S. energy boom. A lack of pipelines connecting new fields in North Dakota and Texas to refineries and shipping terminals has led to an almost 5,000 percent increase in the amount of oil moved by trains since […]
The recent slump in fuel prices is so far failing to ripple through the U.S. economy as the cost of services such as rents climbs, bolstering the Federal Reserve’s view that inflation will eventually reach their goal.
Diesel prices continue rebounding since hitting their lowest level in five years last month. New U.S. Energy Department figures show the national average price of on-highway diesel gained 3.6 cents over the past week to $2.936 per gallon. Compared to a year ago it is still $1.08 less. This latest increase is the fourth straight […]
©2023 MODE Transportation, A MODE Global Company / Terms of Service / Privacy Statement / Mexico Privacy / Supplier Code Of Conduct / Cookie Policy / Website Terms & Conditions / Human Rights Policy