2017 started with President Donald Trump being sworn into office in January and ended with the electronic logging device mandate going into effect in December. In between those two major events were plenty of headlines regarding both, along with other stories that affected the trucking industry in 2017, including the end of the Safety Fitness […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending December 23, 2017. For this week, total U.S. weekly rail traffic was 551,566 carloads and intermodal units, up 11 percent compared with the same week last year. Total carloads for the week ending December 23 were 270,356 carloads, up 10.8 […]
Against a background of IATA’s estimated 9.3% growth in world cargo volumes for 2017, airfreight rates have been dramatically up this peak season, reports online platform Freightos. Freightos stated: “While some rates have eased recently, others are heating up. Most US airlines canceled 7-10 scheduled flights coming in from China between December 22-30, especially those […]
North American ports need to adapt to changes in customer demand and future industry trajectory, according to port and terminal operator APM Terminals.
Oil continued its revival from the biggest crash in a generation, with prices set for a second annual gain after a year marked by hurricanes, Middle East conflict and the tussle between OPEC and U.S. shale.
Expect a stampede of companies handing out bonuses, raising pay, spending on capital projects and giving to charities, with the windfall from the massive corporate tax cuts passed Wednesday. In the hours after Congress approved the GOP tax cut plan, a handful of companies jumped to announce plans to share some of the proceeds on […]
With an unexpectedly stellar year for stock markets behind us, it’s hard not to entertain an underlying fear: When will the crash come? Not in the next 12 months, according Wall Street’s 2018 stock market predictions. According to most major Wall Street firms, the U.S. equity market is in for yet another year of strength-albeit […]
Canadian economic growth unexpectedly paused in October as a decline in oil and gas extraction offset gains in the wholesale trade and retail sectors, data from Statistics Canada showed on Friday. The unchanged reading for gross domestic product was short of economists’ forecasts for a gain of 0.2 per cent following September’s unrevised 0.2 per […]
The Assoiation of American Railroads (AAR) today reported U.S. rail traffic for the week ending December 9, 2017. For this week, total U.S. weekly rail traffic was 560,756 carloads and intermodal units, up 4 percent compared with the same week last year. Total carloads for the week ending December 9 were 267,963 carloads, up 3.4 […]
Aviation regulators in the USA have imposed a record fine of US$1.1 million after lithium ion batteries burst into flames and destroyed a FedEx truck – shortly after being carried on an aircraft – it is claimed. The alleged fire-blazing violation of hazardous air cargo rules came despite prior warnings issued to the shipper by […]
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