Orders to U.S. factories for long-lasting goods rose at a modest pace last month, but the gain was driven entirely by demand for military aircraft. Excluding transportation equipment, orders fell. Durable goods orders impact the trucking industry because trucks transport most of the goods once they are produced.
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China cuts tariffs on more than 700 goods in bid to open up economy and lower domestic consumer costs
China will lower import taxes on more than 700 goods from January 1 in another round of tariff cuts as part of its efforts to open up the economy and lower costs for domestic consumers. There will also be cuts to some export tariffs, and temporary import tariff rates will be as low as zero for […]
US freight volumes, spend slow, but still growing
The US economy, measured by goods shipped and money spent on transportation, is still growing, despite heightened concern about a slowdown or even recession, according to the latest Cass Freight Index report. The Cass indices show US freight shipments and transportation spending dipped in November from October but still rose year over year.
November truckload and intermodal pricing see gains in November, says Cass and Broughton report
Pricing for both truckload and intermodal freight movements saw another strong month in November, according to data in the most recent editions of the Truckload Linehaul Index and Intermodal Index from Cass Information Systems and Broughton Capital.
Autonomous Trucks Could RadicallyTransform U.S. Logistics Within a Decade
AEight years. That’s how long McKinsey & Company, a globallogistics think tank based in the United States and Europe, predicts it will bebefore autonomous trucks with no humans on board could be routinely runningroutes in North America.
Rail Traffic for the Week Ending December 15, 2018
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending December 15, 2018. For this week, total U.S. weekly rail traffic was 568,941 carloads and intermodal units, up 3.9 percent compared with the same week last year. Total carloads for the week ending December 15 were 267,534 carloads, up 1.4 percent […]
Outlook 2019: Class I CEOs predict rail traffic growth
Good momentum. Optimism about the healthy economy. A very rosy outlook. Those are some ways the Class I chief executive officers are describing 2018’s mostly sunny business climate or their anticipation for a favorable coming year.
Weak world trade to hinder air cargo growth in 2019, says IATA
World trade cargo tonnage will rise by only 3.7 per cent to 65.9 million tonnes in 2019, the slowest pace since 2016, reveals the International Air Transport Association (IATA). This projected annual figure reflects the weak world trade environment impacted by increasing protectionism, asserts the airline body.
Free Download: Freighters Wallchart
A free copy of Air Cargo News’ exclusive 2018 Freighter Fleet Directory wallchart is available to download. The wallchart, sponsored by charter broker Chapman Freeborn, is a useful tool in print or digital format that provides an update on airline’s freighter fleets.
BIMCO: Global Shipping on the Lookout for Future Growth
Emerging and developing countries could be the source of economic growth that wouldspur shipping demand in the next five years, BIMCO said citing theInternational Monetary Fund (IMF).