Prices for diesel and gasoline in the U.S. went in different directions this week depending on the region, per data tracked by the Energy Information Administration (EIA).
Archive for the ‘Featured’ Category
Global Debt at Record Level
Global debt rose to a record $237 trillion in the fourth quarter of 2017, more than $70 trillion higher than a decade earlier, according to an analysis by the Institute of International Finance. At the same time, the ratio of debt-to-gross domestic product fell for the fifth consecutive quarter as the world’s economic growth accelerated. […]
Spot Truckload Capacity Tightens, Shipper Demand Jumps
The number of trucks on the spot truckload freight market did not keep pace with demand from shippers wanting to move goods before the end of the first quarter and the start of Easter holidays, sending rates and load-to-truck ratios higher.
ELD Mandate: 10 Things You Need to Know as Full Enforcement Hits
The long, divisive slog is over. As of April 1, the Federal Motor Carrier Safety Administration’s electronic logging device mandate goes into full effect, requiring most commercial vehicles to have a compliant electronic logging device in the cab to track the driver’s hours of service.
ELD mandate spurs innovation in US truck tech
In a few short months, the electronic logging device (ELD) mandate for truck drivers has unveiled a host of inefficiencies in US supply chains. Transit times for shipments have grown longer, especially in lanes ranging from 450 to 550 miles, as drivers keep a tighter rein on their hours. That is spurring innovation aimed at […]
House Bill Aims to Bend 14-Hour Clock for Truck Drivers
A newly proposed bill would allow truck drivers a daily break of up to 3 consecutive hours that would not eat into the 14-hour on-duty allotment afforded them by federal Hours of Service rules.
Cross-Border Truck Freight Value Jumps 10.2%
Trucks moved freight valued at $60.6 billion between the U.S. and its North American neighbors Canada and Mexico in January, up 10.2% compared to January 2017, according to newly released Transportation Department figures.
LA port plans container staging hub
The busiest U.S. container port will build the 5.5-million square foot Harbor Performance Enhancement Center (HPEC) with Macquarie Principal Finance on Terminal Island, proximal to the marine center’s container terminals. Union Pacific and BNSF operate intermodal trains from the port.
Boeing Considers Turning Used 777s Into Cargo Planes
Boeing Co. is considering whether to convert used 777 passenger jets into freighters, seeking to capitalize as booming e-commerce sales spur new demand for air freight worldwide, people familiar with the matter said.
US ports, freight network get federal funding boost
Amid a renewed focus from the Trump administration to pass an infrastructure bill, there are encouraging signs elsewhere that Congress will increase spending on the nation’s freight network. Congress tripled the amount going to a popular grant program, and the money – which is headed to US ports for maintenance dredging and jetty work – […]