Rising equipment costs and driver wages led to an increase in operational costs in 2014, according to a comprehensive report from the American Transportation Research Institute.
Archive for the ‘FOOD & BEVERAGE’ Category
New trucking initiative seeks to polish industry’s image to nation
A new trucking advocacy group is trying to buff up and modernize the image of the 7 million Americans involving in the domestic trucking industry.
GAO report details cost of food aid shipping requirements
The U.S. Government Accountability Office (GAO) said in a report issued Friday that cargo preference for food aid (CPFA) requirements increased the overall cost of shipping food aid by an average of 23 percent between April 2011 through fiscal year 2014, or $107 million over what the cost would have been had had cargo preference […]
New customer clearance process to speed US-Mexico intermodal shipping
Certain shippers tapping southbound U.S. – Mexico intermodal services offered by Schneider National won’t have to wait on protracted clearance processes at the border, thanks to new streamlined customs processes announced Tuesday. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
Truckload rates up for sixth straight month
Truckload rates increased 3.7 percent in August 2015 compared to August 2014 following year-over-year increases of 3.6 percent in June and July, according to the latest Cass Truckload Linehaul Index.
Demand for rail service should continue to grow
In reporting weekly U.S. rail traffic as well as volumes for August 2015 and the first eight months of 2015, the Association of American Railroads said that traffic is beginning to show some signs of growth.
Intermodal infrastructure investments featured on CNBC
Demand for freight transportation is expected to rise sharply in the coming decades. The Federal Highway Administration estimates total U.S. freight shipments will rise to 28.5 billion tons in 2040 — a 45 percent increase from 20121. As demand grows, intermodal rail will play a critical role in the current and future freight transportation landscape.
Interest in nearshoring remains strong, but trend may be slowing
Many executives are attracted to the potential cost savings of moving production closer to the end market. But concerns about safety, security, and the availability of skilled labor in these locations are giving some pause
Truckers ready new driver pay hikes as peak season looms
With freight tonnage increasing in July, and the fall peak shipping season looming, trucking companies are readying another round of truck driver pay increases. Freight demand may not be as strong as a hear ago, but the need to secure drivers remains a key pressure point in discussions of truck capacity and truck pricing. (This […]
Widespread inventory ‘de-stocking’ softens US freight markets
An inventory correction or “de-stocking” is under way in the U.S., as manufacturers and retailers attempt to whittle down inventories of components and goods. That corrections is cutting into freight volumes moving by rail and on highways this summer, as shippers pull from existing stocks before placing new orders, sources told JOC.com. (This article requires […]