For years, shippers were warned about the looming driver shortage. Trucking executives sometimes were accused of “crying wolf” when it came to driver shortages to secure rate increases – until 2018. Suddenly, the wolf was real and had teeth, in the form of higher spot and contract rates and rejected freight tenders that drove double-digit cost increases.
Trucking industry economists say – after a 2018 that saw record-setting levels of freight-hauling demand and driver pay as tonnage levels reached a 20-year high – the industry is expected to remain strong in 2019 but undergo a bit of a cool-down.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 5, 2019. For this week, total U.S. weekly rail traffic was 436,103 carloads and intermodal units, up 4.8 percent compared with the same week last year. Total carloads for the week ending January 5 were 221,759 carloads, up 6.2 […]
Carrier pricing for air cargo shipments is also expected to remain on a steep trajectory, says Chuck Clowdis, managing director of the consultancy Trans-Logistics Group, Inc.
Imports at the nation’s major container ports slowed in November 2018 after a months-long rush to beat increased tariffs on goods from China, according to the National Retail Federation (NRF) and Hackett Associates.
As we usher in 2019, many industry analysts are telling logistics managers to begin planning for a major transformational event coming into play for the ocean cargo sector a year from now.
China surpassed the United States in annual gross crude oil imports in 2017, importing 8.4 million barrels per day (b/d) compared with 7.9 million b/d for the US, according to the US Energy Information Administration (EIA).
The U.S. average retail price of diesel dropped 3.5 cents to $3.013 a gallon, the U.S. Energy Information Administration reported Jan. 7, even as crude oil prices saw some renewed vigor and approached $50 per barrel.
U.S. employers added the most workers since February last month and wages ticked up, providing a reassuring sign of economic strength amid concerns over stock market volatility, rising federal interest rates and a trade war with China. Non-farm payrolls grew by 312,000 jobs in December, according to numbers released Friday by the Labor Department.
Tom Wilson, CEO of Allstate, the insurance giant, believes an iconic element of the national character is doomed. “Americans’ love affair with the car is going to go away,” he told an audience of executives at Fortune’s Brainstorm Tech dinner on the sidelines of the Consumer Electronics Show in Las Vegas on Monday evening.
©2023 MODE Transportation, A MODE Global Company / Terms of Service / Privacy Statement / Mexico Privacy / Supplier Code Of Conduct / Cookie Policy / Website Terms & Conditions / Human Rights Policy