The US trucking industry hauled a record US$726.4 billion in freight last year, according to the latest edition of American Truck Trends, compiled by the American Trucking Associations (ATA). That marks two consecutive year that the value of freight hauled by truck topped $700 million.
US less-than-truckload carriers are pursuing rate increases this fall, and earlier than in previous years in some cases. The majority of LTL freight moves under contract and won’t be affected by the general rate increases, but the general rate increases signal carrier resolve to increase pricing despite what’s been a lackluster freight market in 2016. […]
With Korean ocean carrier Hanjin Shipping, the seventh largest ocean liner in the world that handles roughly 7% of U.S.-Asia cargo, filing for bankruptcy earlier this week, what happens next in regards to what happens to the cargo that was moving on Hanjin vessels at that time, as well as its subsequent short-term impact on […]
U.S. housing starts unexpectedly rose in July as building activity increased across the board, supporting the view that investment in residential construction will rebound after slumping in the second quarter.
Manufacturing expanded in March for the first time in seven months, fueled by a surge in orders that signals American factories are emerging from their worst slump since the last recession.
Intermodal continues to carry the day for the North American freight railroad industry, registering a gain of nearly 20% for the week ending Feb. 20, 2016, the third consecutive week of double-digit growth, compared to the prior-year period, and offsetting weak carload traffic—which includes a sharp drop in crude oil.
Washington state suffered an economic impact of $769.5 million due to labor disruptions at West Coast ports this past year, according to one of the most detailed analyses of the impact of a labor disruption on U.S. business and industry. (This article requires registration at the Journal of Commerce. To access, please click on the […]
Forced to reckon with a prolonged period of low energy prices, oil chiefs at the annual IHS CERAWeek energy gathering sought to portray themselves as steely survivors in an industry grappling with spending cuts and asset sales. (This article requires a subscription to the Wall Street Journal. To access, please click on the above link.)
A glimmer of hope that U.S. manufacturing was starting to rebound at the start of the year may have been quickly been dashed, leading to increasing concerns about the state of the overall economy, while separate reports show consumers don’t feel as good as they did last year, but they are still in the mood […]
The Association of American Railroads (AAR) yesterday unveiled a new installment of its “Freight Rail Works” campaign, which highlights the role freight railroads play in the national economy. The 2016 campaign explains the amount of freight — from cars to consumer goods to large-scale industrial materials — moved every year for each American, according to […]
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