The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 28, 2017, as well as volumes for October 2017, which was the best month for intermodal rail traffic in history. U.S. railroads originated 1,065,777 carloads in October 2017, down 0.1 percent, or 1,220 carloads, from October 2016. U.S. railroads […]
Intermodal rail is on a faster growth track as the economy expands, imports flow into the US and truck rates rise. Total intermodal rail volume jumped 6.3 percent year over year in the third quarter, driven by an 8.2 percent increase in international volume and a 3.8 percent expansion in domestic intermodal freight, according to […]
The air cargo industry has gone from dejection to elation in just a year, said analyst WorldACD in its latest report, covering September. WorldACD points out that September 2016 saw volume growth of more than 5% year-over-year (YoY), a level not seen for two years in “the beleaguered air cargo world”. Its prediction that October […]
Shippers to Europe may face having to reconfigure their air cargo supply chains as overloaded hub airports revoke freighter slots and force the all-cargo flights to alternative and often less efficient smaller airports. This is a scenario that has been raised by developments at Amsterdam Schiphol, Europe’s third busiest air cargo hub, where from Nov. […]
Vessel operating costs are expected to increase in both 2017 and 2018, according to the latest survey by international account and shipping consultant Moore Stephens. Repairs & maintenance and spares are the cost categories which are likely to increase most significantly in each of the two years. The survey, based on responses from key players […]
Companies added more workers than forecast to U.S. payrolls in October, indicating hiring snapped back after hurricanes Harvey and Irma, according to data released Wednesday from the ADP Research Institute in Roseland, New Jersey.
A measure of U.S. factory activity retreated from a 13-1/2-year high in October as the boost from hurricane-related supply disruptions faded, but continued to point to strengthening manufacturing conditions. Other data on Wednesday showed a surge in private sector hiring, indicating that job growth rebounded last month after being depressed in September as hurricanes Harvey […]
The trucking industry could be short 50,000 drivers by the end of 2017, warned American Trucking Associations Chief Economist Bob Costello Sunday at the American Trucking Associations Management Conference & Exhibition.
After years of stagnant wages, truckers look to be in line for several years of strong income growth as the major motor carriers scramble for drivers. The factors playing into the crunch are myriad. At the top is the low appeal of trucking as a career for wage and quality-of-life reasons. Then there’s difficulty obtaining […]
U.S. Bank announced the launch of a new barometer for assessing the nation’s shipping industry on Sunday during the American Trucking Associations’ Management Conference and Exhibition in Florida. The U.S. Bank Freight Payment Index measures quantitative changes in shipment and spend activity, based on data from transactions processed through U.S. Bank Freight Payment.
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