Prime Minister Theresa May formally began Britain’s divorce from the European Union on Wednesday, declaring there was no turning back and ushering in a tortuous exit process that will test the bloc’s cohesion and pitch her country into the unknown. In one of the most significant steps by a British leader since World War Two, […]
Strong shipper demand for dedicated trucking and e-commerce services, as well as a spate of big acquisitions in 2015, fueled growth at the largest of the largest US trucking operators last year. Shippers last year spent an increasing amount of money on motor carriers that delivered goods all the way to the last mile and […]
The American Trucking Association’s advanced seasonally adjusted For-Hire Truck Tonnage Index declined slightly in February following a solid increase the month before. In February, the Truck Tonnage Index declined 0.1% to a reading of 138.7, down from 138.9 in January. It was also down compared to last February when the Truck Tonnage Index hit its […]
The North American freight market showed continued growth in February 2017, with volumes registering the third year-over-year increase in as many months after slipping back into negative territory in November 2016, according to the latest Cass Freight Index Report.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending March 18, 2017. For this week, total U.S. weekly rail traffic was 495,281 carloads and intermodal units, up 2.4 percent compared with the same week last year. Total carloads for the week ending March 18 were 246,465 carloads, up 4.6 […]
A surge in airfreight demand on the Europe-Asia trade has seen IAG Cargo suggest that a capacity crunch in ocean shipping is forcing shippers and forwarders to switch transport modes. IAG Cargo said that it had seen a boom in demand on key routes from Europe into Asia over the first two months of the […]
The rally in global oil prices has stalled at the worst possible time for explorers, just as banks reassess credit lines crucial to their growth. This year’s reviews, due to start next month, will arrive with the industry nursing a nasty case of whiplash. Prices surged on OPEC’s pledge to cut output late last year, […]
New U.S. single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery continued to gain momentum despite the challenges of high prices and tight inventories. Other data on Thursday showed an unexpected increase in the number of Americans filing for unemployment benefits last week. Still, the labor market continues to […]
The Great Restructuring in retail continues. In the wake of a disappointing holiday season, J.C. Penney (JCP) said recently that it will close 138 stores stores by the second quarter. The store closures represent 13% to 14% of the company’s current store base and less than 5% of annual sales. They have a negligible impact […]
The Federal Reserve is pushing interest rates higher. Don’t tell that to people who have become accustomed to buying everything at 0%. Years of rock-bottom interest rates have led to a proliferation of no-interest financing offers for people looking to buy everything from cars to lawn mowers, jewelry and furniture. Manufacturers and retailers have come […]
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