For U.S. rail traffic, 2016 wasn’t exactly a banner year. Total carloads fell 8.2 percent compared with 2015’s level, marking the second consecutive year of declining traffic, according to data from the Association of American Railroads (AAR). A weak manufacturing economy and turmoil in energy markets were two of the main reasons for the decline, […]
The ports along Texas coast have entered the recovery mode following the Hurricane Harvey that flooded parts of Southeast Texas amid historic rainfall. The hurricane, which was subsequently downgraded to a tropical storm, shut down ports leaving commercial vessels including oil tankers and cruise ships stranded off Texas, with some of them forced to divert […]
The three alliances will take delivery of a large number of ultra-large container ships over the next two years, sending smaller tonnage cascading down to the other trades for the rest of this year and in 2018. Most of those displaced vessels will be redeployed, with the largest of them moving to the Asia-Mediterranean trade, […]
Tropical Storm Harvey will take a financial toll on the nation’s economy, but how much of one depends on the extent of flooding in the coming days. Even after the immediate threat from Harvey has passed and the floodwaters receded, the Texas Gulf Coast faces tens of billions of dollars in property damage, bottlenecks at […]
United Technologies Corp. agreed to buy Rockwell Collins Inc. for about $23 billion, creating an aerospace behemoth that can outfit jetliners and warplanes from tip to tail. The transaction, one of the biggest in aviation history, gives rise to an aircraft-parts giant better positioned to withstand the squeeze from planemakers Boeing Co.and Airbus SE for […]
Chinese President Xi Jinping said downward risks and uncertainties for the global economy are on the rise, and pledged to boost the power of emerging markets on the world stage. The external environment for developing economies is complicated and grim, Xi said in a speech Tuesday to the BRICS summit of leaders from Brazil, Russia, […]
U.S. second-quarter growth was revised upward to the fastest pace in two years on stronger household spending and a bigger gain in business investment, putting the economy on a stronger track, Commerce Department data showed Wednesday.
Freight transportation in and around Houston remains at a standstill as companies check on staff, assess damages, and prepare for a difficult recovery and higher truck rates after historic flooding unleashed by Hurricane Harvey. Port terminals, major highways, rail lines, airports, industries, trucking docks and warehouses remain closed, along with most regular business activity in […]
Inspectors will, at their discretion, begin issuing citations for non-compliance with the federal electronic logging device mandate on the Dec. 18 deadline for adoption, the Commercial Vehicle Safety Alliance announced Monday. However, the 10-hour out-of-service order associated with non-compliance with the mandate will not begin until April 1, 2018, according to the CVSA, which is […]
Most of us have seen the ads, while millions are ordering fresh food delivered as ready-to-prepare ingredients to their homes-products that require control of exposure to extreme temperatures and extended last-mile transit times. This consumer-focused “cold chain”-temperature controlled supply chain-is only a recent example of a decades-long push to perfect a global system of item-level […]
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