Archive for the ‘Featured’ Category

USDOT publishes first report on tank-car fleet composition

The U.S. Department of Transportation (USDOT) has unveiled its first report on data measuring the rail industry’s progress in manufacturing and modifying rail cars that transport flammable liquids. Prepared by the department’s Bureau of Transportation Statistics, the report is required under the Fixing America’s Surface Transportation (FAST) Act of 2015. The bureau prepared the report […]

AAR Reports Weekly Rail Traffic for the Week Ending September 23, 2017

The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending September 23, 2017, which set a new record for intermodal traffic in both the U.S. and Canada. For this week, total U.S. weekly rail traffic was 548,204 carloads and intermodal units, up 1.6 percent compared with the same week last […]

Air industry is going east, says ACI

There has been a decisive eastward shift in world aviation, says Airports Council International (ACI) in the latest edition of its Emerging Aviation Market Index, which tracks 19 high growth emerging markets that have a significant critical mass of passenger and air cargo throughput, showed that countries such as India, Indonesia and Vietnam have achieved […]

Changi Airport’s August freight volumes are more good news for industry

August’s double-digit airfreight volume growth at Singapore Changi Airport is yet another indicator of good news for the airfreight industry, where results, so far, for the month have reflected growing demand for air cargo. Airfreight throughput at the airport rose 10.7 percent, year-over-year, in August to 180,590 tonnes.

BCOs heading into new service contracting reality

Beneficial cargo owners (BCOs) face tougher service contract negotiations on east-west trade lanes that are “diametrically opposed” to the relative ease they have enjoyed the last two years. Philip Damas, operational head of Drewry Supply Chain Advisors, said the new environment holds fewer carrier options, tighter space availability, possibly less frequent sailings, and, ultimately, higher […]

U.S. Durable-Goods Orders Rose 1.7% in August

Demand for long-lasting U.S. factory goods rebounded in August, pointing to a continued upswing in business investment. Orders for durable goods-products like refrigerators and airplanes that are designed to last at least three years-increased a seasonally adjusted 1.7% in August from the prior month, the Commerce Department said Wednesday. Economists surveyed by The Wall Street […]

Yellen Solidifies Expectations for Year-End Rate Hike

Federal Reserve Chair Janet Yellen says the central bank shouldn’t wait for 2 percent inflation to continue raising rates, suggesting another rate hike by the end of the year is extremely likely. Financial markets demonstrated very little reaction to Yellen’s comments to the National Association for Business Economics on Tuesday as investors seem to see […]

ATA study shows turnover climbed in second quarter

The latest trucking job numbers may be warning sign of a “significant tightening of the driver market and acceleration of the driver shortage,” according to a report by an industry trade organization. The driver turnover rate at large truckload fleets jumped 16 percentage points to 90 percent in the second quarter of 2017, according to […]

Spot Truckload Rates Jump in Wake of Hurricanes

The number of loads on the spot truckload freight market fell 3% during the week ending Sept. 9, which included the Labor Day holiday and supply chain disruptions caused by two hurricanes, according to freight matching provider DAT Solutions and its load boards. Truckload capacity also tightened with truck posts down 15% compared to the […]

AAR Reports Weekly Rail Traffic for the Week Ending September 16, 2017

The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending September 16, 2017. For this week, total U.S. weekly rail traffic was 530,774 carloads and intermodal units, down 1.4 percent compared with the same week last year. Total carloads for the week ending September 16 were 260,771 carloads, down 3.6 […]