The Federal Motor Carrier Safety Administration announced it will hold a public meeting May 9 to discuss technical specifications for electronic logging devices that are scheduled to become mandatory for trucking fleets this December. This meeting will be a forum for discussion of the minimum requirements for ELDs and is being held to help manufacturers […]
The number of available loads on the spot market jumped 7.1% during the week ending April 1 as shippers worked to finish Q1 on a high note, according to DAT Solutions and based on its network of load boards.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending March 25, 2017. For this week, total U.S. weekly rail traffic was 526,471 carloads and intermodal units, up 12 percent compared with the same week last year. Total carloads for the week ending March 25 were 260,897 carloads, up 12.4 […]
Shippers concerned about tightening US truck capacity may need to broaden their search for space to put freight. Large US truckload carriers are clawing back their own capacity by cutting trucks from their fleets, but a rise in the number of motor carriers at the other end of the for-hire trucking scale is adding to […]
A healthy U.S. economy has shipping rates poised to head higher, but an upcoming federal mandate to equip long-haul trucks with electronic logging devices could disrupt the industry and launch trucking prices into an even more rapid ascent.
Shippers are shifting their cargo to the air as the Europe-Asia ocean capacity shortage drives up freight rates on the traditional backhaul sea route. IAG Cargo has reported a 23 percent increase in air freight volumes on key routes from Europe into Asia Pacific over the first two months of the year compared with the […]
Following the first quarter of 2017 optimism seen in the containership industry, as well as the sentiment shift in the markets, the industry could be heading to healthier rates with earnings following the course, according to Maritime Strategies International (MSI).
A 5 percent increase in global container port traffic in the final quarter of 2016 points to an uptick in a market that has viewed modest growth over the past two years as the new normal, according to Drewry Shipping Consultants. (This article requires a subscription to the Journal of Commerce. To subscribe, please click […]
Contracts to buy previously owned U.S. homes jumped to a 10-month high in February, pointing to robust demand for housing ahead of the spring selling season despite higher prices and mortgage rates. The National Association of Realtors said on Wednesday its Pending Home Sales Index, based on contracts signed last month, surged 5.5 percent to […]
Boeing Co. has a temporary plan to save the iconic but slow-selling 747 jumbo jetliner: buying its own planes and leasing them to cargo haulers. With the effective shutdown by Congress of the U.S. Export-Import Bank — which traditionally has helped overseas carriers purchase planes — Boeing lost a key sales tool. Making matters worse, […]
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