Having decided to grant part of a United Parcel Service request for a limited 5-year exemption from some provisions of the electronic logging device mandate, the Federal Motor Carrier Safety Administration will now allow all motor carriers – not just UPS – and drivers to make use of two new temporary exemptions from the ELD […]
CSX Transportation’s overhaul of its network, which caused disruptions to international and domestic intermodal services, and the trimming of some of those services to Columbus, Ohio, and Detroit, ultimately may benefit shippers. It is too soon to tell, but CSX CEO E. Hunter Harrison plans to present his vision at an investors’ meeting in late […]
Asia Pacific carriers reported another month of cargo growth in September, but continued to come under pressure due to fierce competition in the region. The latest figures from the Association of Asia Pacific Airlines (AAPA) show that cargo demand increased by a “solid” 11.4% year on year in September to 6bn freight tonne km (FTK). […]
Despite the goal of newly consolidated carriers to reassert themselves to create value in the supply chain, rate volatility and how that alienates key customers and further strengthens non-vessel-operating common carriers (NVOCCs) may permanently limit carriers’ role to provide wholesale capacity. In other words, some are suggesting that carriers are digging themselves into a hole […]
Florida and Texas shed almost 135,000 jobs in the wake of storms that battered the Southern and Eastern U.S., but broad reconstruction efforts and increased consumer spending will likely benefit other parts of the economy and lead to a rally in jobs. Floridians lost 127,400 jobs in September, seasonally adjusted, as Hurricane Irma hit, while […]
A few weeks ago, it looked like interest rates were on their way down again, but that was short-lived. So was the surge in mortgage application volume that went along with it. Interest rates rose last week, and consequently total mortgage application volume fell 4.6% from the previous week. The Mortgage Bankers Association’s seasonally adjusted […]
It’s not often the Finance Department and the Bank of Canada come so close to bumping heads on major policy announcements – but they will this week. Both government institutions – linked at the hip, but still staunchly guarding policy independence – are set to reveal their latest economic assessments and forecasts, one day after […]
Law enforcement agencies throughout North America will engage in heightened traffic safety enforcement and educational outreach as part of the Commercial Vehicle Safety Alliance’s (CVSA) Operation Safe Driver Week, Oct. 15-21, 2017. Throughout the week, enforcement personnel will identify and issue warnings and/or citations to commercial motor vehicle (CMV) drivers and passenger-vehicle drivers exhibiting unsafe […]
Last month, U.S. heavy-truck sales grew to 36,057 units – up 7.1% – compared with 2016’s 32,357, according to WardsAuto data. In Canada, big truck sales also continued to rise – up 15.9% to 4,014 in September – for the seventh consecutive monthly year-over-year gain, according to Wards.
Billionaire investor Warren Buffett’s purchase of a large stake in truck stop operator Pilot Flying J and his plans to eventually take control of the business look like a contrarian bet. Hurdles such as low diesel fuel prices and a shift in shipping patterns that favors regional trucking and local delivery over long-haul freight have […]
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