After months of painstaking bargaining by President Trump’s negotiating team, the renegotiated North American Free Trade Agreement (NAFTA), now rebranded as the United States-Mexico-Canada Agreement (USMCA), looks to set a template for modern American trade agreements in the 21st century. By all initial measures the USMCA lives up to frequently promised, but seldom delivered, concepts of free, […]
President Trump is exposing China’s economic vulnerability, showing that the communist nation cannot maintain its rapid growth without it patently unfair mercantilist trade policies. The Chinese government recently announced that its GDP growth for 2018 of only 6.6 percent – the country’s slowest rate of economic development since 1990. Growth in the fourth quarter declined to 6.4 percent. For the […]
Mixed economic signals are proving to be somewhat of a Rorschach Test for shippers trying to gauge freight demand levels heading into the strongest part of the 2019 freight season.
Truck tonnage closed out 2018 on a 20-year high with an annual increase of 6.6%, American Trucking Associations announced. The result was the highest for the federation’s seasonally adjusted for-hire truck tonnage index since 1998, when truck tonnage rose 10.1%, ATA said. And last year’s gain came despite a downturn in December, when tonnage dipped 4.3% […]
As the era of the electronic logging device (ELD) enters its second year, US regulators are focusing their attention on the hours of service (HOS) those ELDs are designed to monitor. They are mulling proposed adjustments to the HOS rules and may be pressed by industry to go even further and consider broader changes to help give […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 19, 2019. For this week, total U.S. weekly rail traffic was 543,111 carloads and intermodal units, up 6.9 percent compared with the same week last year. Total carloads for the week ending January 19 were 258,833 carloads, up 7.4 […]
As a new year for US transportation begins, the question of what’s to come inevitably comes to the fore. For intermodal, 2018 was a good year, the best in some time. But it also was a year of missed opportunities. Rather than a springboard for future gains, the industry’s performance may have created new challenges that will […]
The current United States federal government shutdown is already the longest in history with no clear end in sight, and industry associations and participants are concerned that aviation and airfreight will suffer in the short- and long-term if it is not resolved soon.
United States-bound waterborne shipments in December capped a record-breaking year for global trade, according to data issued this week by global trade intelligence firm Panjiva.
Another weekly decrease in diesel prices across the U.S. has fuel at its lowest price since 2017, according to the latest numbers from the Department of Energy. A 1.1-cent decrease during the week ending Jan. 21 has the U.S.’ average price for a gallon of on-highway diesel at $2.965. The last time prices were lower was […]
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