Demand for freight transportation is expected to rise sharply in the coming decades. The Federal Highway Administration estimates total U.S. freight shipments will rise to 28.5 billion tons in 2040 — a 45 percent increase from 20121. As demand grows, intermodal rail will play a critical role in the current and future freight transportation landscape.
Appleton, Wis.- U.S. Oil, the petroleum and renewable energy distribution division of U.S. Venture, Inc., announced today that it has acquired a refined products terminal in Indianapolis, Indiana. The new terminal adds 410,000 barrels of capacity and expands U.S. Oil’s existing distribution network to 21 terminals in North America.
U.S. construction spending rose to the highest level in more than seven years in July, suggesting that the housing market and business investment can help underpin economic growth amid turbulence outside American borders. (This article requires a subscription with The Wall Street Journal. To access, please click on the above link.)
Just days before trans-Pacific ocean carriers aim to implement aggressive general rate increases on eastbound services to North America, average spot rates from Shanghai to the U.S. hit their lowest level in almost four years. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
Many executives are attracted to the potential cost savings of moving production closer to the end market. But concerns about safety, security, and the availability of skilled labor in these locations are giving some pause
With freight tonnage increasing in July, and the fall peak shipping season looming, trucking companies are readying another round of truck driver pay increases. Freight demand may not be as strong as a hear ago, but the need to secure drivers remains a key pressure point in discussions of truck capacity and truck pricing. (This […]
An inventory correction or “de-stocking” is under way in the U.S., as manufacturers and retailers attempt to whittle down inventories of components and goods. That corrections is cutting into freight volumes moving by rail and on highways this summer, as shippers pull from existing stocks before placing new orders, sources told JOC.com. (This article requires […]
Some of the world’s biggest corporations – Apple, Google, Daimler-Benz and countless others – are behind the fast-moving technology that is pushing driverless vehicles.
Truck tonnage dropped in June, and didn’t climb as much as previously thought in May, as high inventory levels dampened truck demand, according to the American Trucking Association. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
Freight shipments within the U.S. slowed in June, rising only .02 percent from May, after climbing 2.3 percent that month, according to the latest Cass Freight index. Freight payments by shippers rose 2.4 percent last month, compared with 1.5 percent and 1.6 percent in May and April. (This article requires registration at the Journal of […]
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