Market momentum for airfreight is carrying into the summer of 2017, with rates across 21 major east-west trade lanes up by 1.1 percent, year-over-year, to reach US$2.81 per kilogram. The latest Drewry’s East-West Airfreight Price Index indicates that, as load factors increase, demand for airfreight is outstripping new capacity coming onto the market.
Cargo volumes in the Port of New York and New Jersey are on record pace for 2017 as the first six months of this year were 4.4 percent higher than the same period in 2015, when the earlier record was set.
Carriers’ overall on-time and transit time reliability improved by 6.8%, increasing from 63.3% in May 2017 to 70.1% in June 2017. Reviewing schedule reliability by trade, nine of the 12 trades improved from May 2017 to June 2017, according to the latest data from intelligence provider CargoSmart.
Europe’s oil industry is once again generating cash even as crude languishes at half the price of three years ago. Yet companies remain vulnerable to a renewed downturn. The region’s top three — Royal Dutch Shell Plc, Total SA and BP Plc — can now cover spending from cash flow with oil at $50 a […]
The Dow broke above the 22,000 threshold for the first time ever in what could be its seventh straight daily risk, as the broader market attempts to clamber higher. The rally comes a day after Apple, Inc. posted stronger-than-expected quarterly earnings and iPhone sales that met expectations.
A gauge of U.S. factory activity slid from a near three-year high in July amid a slowdown in new orders and consumer spending barely rose in the prior month, setting the stage for a moderate economic expansion in the third quarter. That was reinforced by other reports on Tuesday showing motor vehicle sales in July […]
Trucking capacity is not waiting for the electronic logging mandate this December to contract: it is tightening now. US freight demand surged in the second quarter and caught up with truck supply, consuming capacity and pushing up rates on the truckload spot market. The likely result is tighter margins for freight brokers and, eventually, higher […]
What’s the economic future for trucking in America look like? The American Trucking Associations issued its 2017-2018 Freight Transportation Forecast earlier this week, and suggests there’ll be continued growth driven by manufacturing, consumer spending and international trade for the next 12 years.
Truckload linehaul rates appear to be stabilizing while intermodal rates continue moving higher but at a slower pace, according to two new reports. The Cass Truckload Linehaul Index increased 1.5% in June compared to the same time a year ago, hitting a level of 123. This marks the third straight month of year-over-year gains following […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 22, 2017. For this week, total U.S. weekly rail traffic was 534,152 carloads and intermodal units, up 1.1 percent compared with the same week last year. Total carloads for the week ending July 22 were 256,863 carloads, down 2 […]
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