More than six months into the COVID-19 pandemic the trucking industry’s health is stronger than the U.S. economy, as segments used in final-mile delivery, e-commerce, and deliveries to grocery stores and hospitals thrive. But the latest government reports show an economy continuing to struggle to recover amid a surge in the federal deficit and stubbornly […]
Although U.S. rail traffic declined 5.8 percent in August compared with the same month a year ago, total intermodal volume rose 3 percent to 1,122,954 containers and trailers, according to Association of American Railroads (AAR) data. U.S. railroads logged 898,227 carloads last month, down 14.9 percent from August 2019, while total combined volume fell to […]
A.P. Moller-Maersk’s (OTCMKTS: AMKBY) announcement earlier this week that it will integrate the air cargo and less-than-container-load (LCL) services of its subsidiary Damco into the Maersk brand has some customers checking their options. Shippers remain unclear how the absorption of Damco into Maersk will impact their overall logistics contracts with the longtime third-party logistics services […]
The Outbound Tender Volume Index (OTVI) climbed another 1.4% this week to a new all-time high of 16,053. OTVI has posted a string of consecutive all-time highs for many weeks now. It is important to note that OTVI does include rejected contract load tenders, so the true organic growth of load volumes is significantly lower […]
The nation’s ports are seeing some improvement in business, compared with spring, even as the U.S. economy continues to struggle amid the COVID-19 pandemic. The uptick comes as officials at three California ports — Los Angeles, Long Beach and Oakland — report operations at their facilities have been spared by the wildfires, which have killed […]
Periods of torrential rainfall will continue to drench parts of the nation’s heartland over the next couple of days. Carriers and shippers alike should expect some minor delays as drivers deal with slowdowns and potential road closures. The National Weather Service (NWS) has already reported areas of flash flooding from just south of Oklahoma […]
The American trucking industry has filed a cease-and-desist request with the U.S. Federal Maritime Commission (FMC) over what it says are ocean container carriers distorting the cost of chassis usage. The American Trucking Associations’ Intermodal Motor Carriers Conference (IMCC) filed the complaintagainst the Ocean Carrier Equipment Management Association (OCEMA) and 10 of its ocean carrier […]
Airfreight rates to the U.S. plateaued in mid-August after rising for more than a month, influenced by a drop in demand from South China and passenger airlines temporarily adding more capacity. Still, finding affordable air transport in Southeast Asia, writ large, is difficult. The dip freight activity isn’t expected to last long as retailers gin […]
Weekly U.S. intermodal volumes rose year-over-year for the second week in a row, according to the Association of American Railroads. The increase comes as the ports of Long Beach and Oakland in California reported that imports were up year-over-year in July. U.S. freight railroads originated 278,210 intermodal units for the week of Aug. 15, a […]
Union Pacific (UP) has done it again: for the third time in a month the rail operator has raised charges for traffic moving inland from southern California. Yesterday, surcharges on excess contract cargo rose to $3,500 per container, and spot rates out of Los Angeles are up $1,500. Early in August, UP slapped a $500 […]
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