China on Monday announced that its official economic growth came in at 6.6 percent in 2018 – the slowest pace since 1990. That announcement was highly anticipated by many around the world amid Beijing’s ongoing trade dispute with the U.S., its largest trading partner.
Canada’s economy may soon endure something it hasn’t faced in 68 years: A recession without the U.S. in the same boat. That’s the view of Jim Mylonas, global macro strategist at BCA Research Inc. in Montreal, a firm that’s been making calls on markets and economies since 1949. Mylonas says the surge in household debt combined […]
Data on producer prices shows that overall inflation pressure calmed further in December, weighed down again by declines in energy prices. Industry detail showed that trucking rates continued to surge, however, driven by another large gain in long-distance trucking rates.
Add another factor to the long list of contributing causes to the US truck driver shortages: Skills testing delays. Would-be drivers suffered a cumulative 6.4 million days of testing delays in 2016 alone, according to the Commercial Vehicle Training Association (CVTA). Those delays put 258,744 jobs on hold, at a cost of $1.4 billion to […]
Truckers Stand as One hopes to call attention to HOS reform, parking and other issues during a nationwide non-driving day in April.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 12, 2019. For this week, total U.S. weekly rail traffic was 555,127 carloads and intermodal units, up 8.4 percent compared with the same week last year. Total carloads for the week ending January 12 were 266,240 carloads, up 10.3 […]
US intermodal volume is set to grow for the third straight year but at a slower rate than 2018, thanks to international and domestic pressures. Tariffs on Chinese goods threaten the consumer confidence that drives the railing of containerized imports and US manufacturing. Trucking will also compete for domestic freight as spot market capacity is more abundant […]
Every January brings with it anticipation of the months to come and what they hold for airfreight logistics. Trade wars, recent WorldACD reports and the impending finale of Brexit have instilled uncertainty into the market, but the outlook for this year still suggests growth.
The air cargo industry failed to register an increase in demand in November for the first time since March 2016 in what has been described as a big disappointment. The latest figures from airline association IATA show that cargo traffic was flat in November compared with a year earlier, following 31 consecutive months of year-on-year increases.
Imports at the major retail container ports in the US have slowed down after a months-long rush to beat increased tariffs on goods from China, the National Retail Federation (NRF) said.
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