Forced to reckon with a prolonged period of low energy prices, oil chiefs at the annual IHS CERAWeek energy gathering sought to portray themselves as steely survivors in an industry grappling with spending cuts and asset sales. (This article requires a subscription to the Wall Street Journal. To access, please click on the above link.)
Archive for the ‘CONSUMER GOODS’ Category
Economic Watch: New Reports Raise Concerns About a Recession
A glimmer of hope that U.S. manufacturing was starting to rebound at the start of the year may have been quickly been dashed, leading to increasing concerns about the state of the overall economy, while separate reports show consumers don’t feel as good as they did last year, but they are still in the mood […]
AAR debuts latest version of ‘Freight Rail Works’ campaign
The Association of American Railroads (AAR) yesterday unveiled a new installment of its “Freight Rail Works” campaign, which highlights the role freight railroads play in the national economy. The 2016 campaign explains the amount of freight — from cars to consumer goods to large-scale industrial materials — moved every year for each American, according to […]
DAT says spot market remains on typical seasonal pattern in January
Spot market freight volume and demand patterns remained on a typical seasonal trajectory in January, according to data recently issued by Portland, Oregon-based freight marketplace platform and information provider DAT.
Carload and intermodal volumes are mixed for week ending February 13
United States rail carload and intermodal volumes were again mixed for the week ending February 13, according to the Association of American Railroads (AAR).
The sights at Secure Rail 2016
The second annual Secure Rail conference drew more than 100 people to Orlando, Fla., last week. Held Feb. 9-10 and organized by Progressive Railroading, the event addressed physical and cyber security in the North American rail industry. For a look inside the event, follow this link to view a slideshow of conference highlights.
What does Amazon’s e-commerce dominance mean for logistics service providers?
From its inception as an online book retailer, to being the world’s biggest e-commerce company, Amazon’s influence and control over the sector has been almost absolute.
High inventories, weak manufacturing spark fears of freight recession
Mentions of a recession-like environment from top transportation executives and lackluster growth in domestic and international freight volumes are sparking fears that a U.S. freight recession is upon us that could be a harbinger of something even worse: an outright economic recession. (This article requires registration at the Journal of Commerce. To access, please click […]
US business stockpiles rise in December, but sales fall
U.S. businesses boosted their stockpiles slightly in December, as sales dropped sharply. This combination has stoked anxieties about weakening economic growth, as sales over the entire year dropped for the first time since the Great Recession.
As truck driver turnover rises, so does driver pay
The battle to recruit and keep truck drivers is heating up. As unemployment levels drop and driver pay and benefits increase, the number of drivers who move from carrier to carrier is rising. To compensate, trucking companies continue to increase pay. Carriers are moving beyond general pay increases to target specific areas, such as detention […]