The 2017 Harvest Season is coming to a close and according to the USDA, this year’s harvest is projected to result in near record level yields with an estimated 14.3 billion bushels of corn and 4.43 billion bushels of soybeans. During this peak season for the agribusiness industry, the efficient and reliable transportation of crops […]
Boeing holds a little-known patent that could revolutionize the way air freight moves. In December of 2015 the company patented a design for a cargo ship that can roll over a row of 20-, 40-, or 53-foot intermodal shipping containers, lower itself, lock them into place, and then proceed down the runway and take off. […]
The impact of e-commerce on the air cargo market this year has been immense as rapidly rising online ordering drives up demand for cross-border shipments. Nowhere is this more apparent than in China, with Alibaba claiming that more than a million retailers participated in the country’s Singles’ Day Nov. 11 online shopping extravaganza. Alibaba said […]
After months of record-setting volume ahead of the holiday season, imports at major US container ports should be essentially flat this month compared with the same time last year, the National Retail Federation and Hackett Associates said.
US maritime regulators have proposed changes designed to make it easier for non-vessel-operating common carriers (NVOCCs) to provide negotiated rate and service arrangements. NVOCCs cheered the unanimous vote by the Federal Maritime Commission (FMC) to issue a notice of proposed rulemaking in response to a 2015 petition by the National Customs Brokers and Forwarders Association […]
Delinquency rates have been creeping higher for certain loans in a sign some Americans are under growing financial stress as the total debt held by U.S. households continues to hit new highs. The Federal Reserve Bank of New York said Tuesday that household debt totaled $12.955 trillion last quarter, up 0.9% from the spring for […]
The U.S. will be a dominant force in global oil and gas markets for many years to come as the shale boom becomes the biggest supply surge in history, the International Energy Agency predicted. By 2025, the growth in American oil production will equal that achieved by Saudi Arabia at the height of its expansion, […]
US shippers and logistics service providers (LSP) expect significant change in truck capacity and pricing next year, but they are far from agreeing on the extent of that change. LSPs expect much sharper and broader rate hikes and a greater negative impact from the electronic logging device (ELD) mandate than shippers, according to a survey […]
An expert on truck driver pay and a report from a major investment firm agree that market conditions appear to be setting the stage for improvements in trucker compensation. With the trucking economy ripe for a capacity crunch in the coming months and rates trending upward, carriers increasingly will turn to pay increases and bonuses […]
Independent truckers are trying to get President Trump’s attention in the hopes that he will halt or delay the pending electronic logging device mandate before its Dec. 18 implementation deadline.
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