Canada’s trade deficit in April narrowed to the lowest in six months as imports slumped and exporters continued to show signs of strength. The merchandise trade gap narrowed to $1.90 billion (US$1.5 billion), half the $3.93 billion gap recorded a month earlier, Statistics Canada reported Wednesday in Ottawa. Imports fell 2.5 per cent, paring back […]
With transport stocks surging, some market watchers are hopeful that the current expansion period will continue despite downturns in the broader market earlier this year. This hope is rooted in Dow theory, which asserts that stock market trends confirm each other. According to the theory, a bullish transportation sector is an indicator of overall economic […]
The trucking industry may be in a crunch as companies struggle to fill driver positions, but it may ultimately be consumers that feel the pain as prices continue to rise.
US shippers should brace for over-the-road disruption the week of June 5, as law enforcement and regulatory officials across North America crack down on truck driver hours-of-service (HOS) compliance. The Commercial Vehicle Safety Alliance’s (CVSA) annual Roadcheck this year spotlights compliance with HOS rules and the electronic logging device (ELD) mandate. (This article requires a […]
A new study by Stay Metrics has found younger drivers are only slightly more prone to leaving a carrier within the first six months than their middle-aged counterparts. On average nearly 60% of all drivers in every age group will leave their carrier within the first six months, and as much as 35% will leave […]
Several of the world’s largest container shipping companies have imposed emergency bunker surcharges upon their customers in the past two weeks, seeking to claw back revenues lost to rising fuel bills caused by the jump in crude prices in recent months. France’s CMA CGM announced a $55/TEU surcharge for dry cargo, Israel-based ZIM introduced surcharges […]
The Trump administration announced Thursday it will impose tariffs on steel and aluminum imports from Europe, Mexico and Canada after failing to win concessions from the American allies. Europe and Mexico pledged to retaliate quickly, exacerbating trans-Atlantic and North American trade tensions. Financial markets fell amid fears of a trade war.
The Western States Trucking Association plans to challenge a California Supreme Court ruling that it says will effectively end the use of trucking owner-operators in the state. In the landmark Dynamex Operations West Inc. v. The Superior Court of Los Angeles County decision, the state Supreme Court ruled that certain workers, in particular transportation drivers, […]
UPS Inc. will increase its over-the-maximum limits and the oversize pallet-handling surcharge to $650 from $500 beginning June 4. The Atlanta-based parcel-delivery company said in a statement to Transport Topics it is raising the rate because many of the items it is being asked to ship are not suited for its small-package network and instead […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending May 26, 2018. For this week, total U.S. weekly rail traffic was 565,502 carloads and intermodal units, up 4.4 percent compared with the same week last year. Total carloads for the week ending May 26 were 273,226 carloads, up 3 […]
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