The Railway Supply Institute ARCI (American Railway Car Institute) Committee on July 25 published its railcar industry order, delivery and backlog statistics for second-quarter 2017. Orders in the quarter improved sequentially to 17,665 cars from 4,814 cars in the first quarter. Deliveries of 10,625 railcars increased 5.8% from 10,042 railcars. The backlog now stands at […]
With June results in from many of the world’s major cargo carriers and airports, it is clear that growth in demand for air freight is continuing to be very strong – perhaps down slightly from what we reported in May, but only slightly.
The peak-shipping season in the eastbound Pacific has yet to take off in earnest as spot rates declined slightly for the third consecutive week. By contrast, in mid-July last year spot rates were moving higher, and they remained strong through the end of the year.
Homebuilders ramped up construction in June to the fastest pace in four months, led by surges in the Northeast and Midwest. Housing starts climbed 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million, the Commerce Department said Wednesday. The gain ended three straight monthly declines and marked the strongest pace of […]
U.S consumer confidence jumped to a near 16-year high in July amid optimism over the labor market while house prices maintained their upward trend in May, which could boost consumer spending after recent sluggishness. The reports on Tuesday underscored the economy’s strong fundamentals, expected to keep the Federal Reserve on course to raise interest rates […]
A slowdown in euro zone business growth at the start of the second half of 2017, alongside declining inflation pressures in a key business survey, could put paid to expectations of a stimulus clawback by the European Central Bank later this year.
Heavy-duty trucks that don’t need a driver behind the wheel could be on the road in as little as three years. That’s the assessment of industry experts speaking at the Automated Vehicles Symposium in San Francisco on Wednesday, where they laid out a tentative road map for how self-driving trucks will begin to integrate with […]
Asking suppliers to be “On-Time and In-Full” is a cost saving method that Wal-Mart will begin implementing in August, as reported by Matthew Boyle of Bloomberg News. The program, known as OTIF, aims to add $1 billion in revenue while solving a problem the company has faced with overcrowded back rooms. The company has been […]
Spot truckload freight activity in June rallied to record highs for the number of available loads while rates rose to their highest points in nearly two years, according to the DAT North American Freight Index. The June level increased 24% compared to May and was up 57% year-over-year, capping a robust first half of the […]
According to Cowen and Company’s Second-Quarter 2017 Rail Shipper Survey, respondents are anticipating price increases of 3.0% over the next 6-12 months, up 40 basis points from 2.6% in Cowen’s 1Q17 survey and the highest level since 4Q15.
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