Ports on the West and East coasts are investing hundreds of millions of dollars in rail facilities to compete for intermodal cargo, but the winner may be determined not by the ports but which coast’s railroads offer more competitive pricing. Mario Cordero, executive director of the Port of Long Beach, said West Coast ports, and […]
European airlines saw record levels of cargo demand in August, with Europe’s largest cargo carrier, Lufthansa, and Finnair seeing the biggest increases in freight traffic, according to Air Cargo News. Lufthansa saw cargo capacity increase 2.3 percent due to the airline’s load factor increasing to 66.4 percent, up from 61.9 percent last year. The airline’s […]
Even as yet another major cyclone – the Category 5-level Hurricane Maria – plows through the Caribbean region today, cargo groups and nonprofits are scrambling to provide food, medicine and other relief supplies to help the islands recover from the last major storm, Hurricane Irma. Disaster relief charities Airlink, LIFT, Patient Airlift Services (PALS) and […]
The poor handling of Hanjin Shipping’s downfall left many shippers scrambling for alternative carriers when the industry was also being disrupted by new alliances and consortia.
Leaders of the U.S.’s largest companies plan to ramp up hiring in the coming months, as management teams eye regulatory rollbacks and the possibility of a tax overhaul. The Business Roundtable CEO Economic Outlook’s employment measure, which gauges chief executives’ hiring plans, rose to 80.2 in the third quarter of 2017, the highest reading in […]
U.S. retail sales are expected to accelerate during this year’s holiday season, a sign consumers will be more comfortable opening their wallets than in the aftermath of 2016’s tumultuous presidential election. The sales may climb as much as 4.5 percent to $1.05 trillion in the November-through-January shopping season, according to Deloitte LLP. That would outpace […]
Trade between the United States and Mexico would not end if the North American Free Trade Agreement (NAFTA) was terminated, Mexico’s foreign minister said on Friday, after a new U.S. plan emerged to build a five-year sunset provision into the treaty. In the shadow of repeated threats to scrap the deal by U.S. President Donald […]
Hurricane Irma’s arrival this weekend threatens to roil US supply chains and double truckload spot rates, with analysts and transport providers warning it could take up to six months to recover. Transportation providers are still reeling from Hurricane Harvey, the Category 3 storm that hit the US Gulf Coast two weeks ago. Category 4 Irma […]
General Motors Chief Executive Mary Barra likes to observe that the automotive industry will see more change in the next five years than it has in the last 50. That’s so true, and it applies to all forms of automotive transport, including trucking. Just look at some of the recent changes in transportation.
Global parcel volumes surged 48% between 2014 and 2016 and are set to continue growing at double-digit rates, according to the second annual Parcel Shipping Index from technology company Pitney Bowes. Annual parcel volumes increased from 44bn to 65bn up to the end of 2016, and the growth curve shows no signs of slowing down, […]
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