(This article requires registration at the Journal of Commerce. To access, please click on the above link.) Weekly U.S. rail volume hit an all-time high in January and traffic for the entire month was the second-highest ever — even as U.S. West Coast port congestion has hampered international intermodal traffic and spurred some shippers to […]
(This article requires registration at the Journal of Commerce. To access, please click on the above link.) The Hub Group said U.S. intermodal rail service deteriorated further in the fourth quarter from the prior quarter, but it’s now seeing improvement and service could start approaching levels last seen in mid-2013, before last year’s harsh winter, […]
Consumer confidence fell in February as gas prices started to rise from a six-year low and damped Americans’ optimism about the economy. The Thomson Reuters/University of Michigan preliminary sentiment index decreased to 93.6 from a final January reading of 98.1 that was the highest since the start of 2004. The median projection in a Bloomberg […]
Analysts at GE Capital compiled a list of expected trucking industry trends for 2015. GE highlighted expected outlooks for Freight, Equipment and Rates and Capacity. The analysts believe that carriers were benefitting from an ideal supply and demand environment entering 2015 with profits strengthened by freight trends, pricing leverage due to tight capacity, and lower […]
North American shipment volumes and total spending on freight both dropped in January, according to the Cass Freight Index, but they were also at their highest level for the month in at least three years.
A steep rise in vessel orders risks bringing the recent bonanza in oil tanker shipping to an abrupt end, according to the latest edition of the Tanker Forecaster, published by shipping consultancy Drewry.
While both sides are doing what they feel is best for their members, the impasse between the Pacific Maritime Association and the International Longshore Warehouse and Union is severely impacting West Coast port operations, and, to a larger extent, the supply chain in more than a few ways.
The average cost of on-highway diesel has posted its first price increase so far this year, but remains well below the level from the same time a year ago. It gained 0.4 cent over the past week, hitting $2.835, its first weekly hike since November, but remains just over $1.14 less than during this same […]
(This article requires a subscription with The Wall Street Journal. To access, please click on the above link.) The big container ships that ply the world’s trade routes are growing ever larger, holding down the cost of ocean shipping, but also raising concerns among vessel operators, insurers and regulators about the potential for catastrophic accidents. […]
(This article requires registration at the Journal of Commerce. To access, please click on the above link.) U.S. retailers’ frustration with West Coast port congestion hit a boiling point on Friday after terminal operators announced they would suspend vessel work over for the weekend, in order to clear mounting backlogs of cargo.
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