Most of the nation’s largest seaports are reporting record cargo volume amid stalled trade negotiations between the United States and China. The Port of Los Angeles, the nation’s busiest, set a new single-month cargo record for the fourth consecutive month.
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Shippers Turn to Transportation to Reduce Emissions
In an increasingly environmentally conscious world, many companies are adopting more sustainable transportation methods to reduce their carbon footprints. And for good reason — cars, trucks, aircraft and other forms of transportation account for more greenhouse gas emissions than any other source, according to the U.S. Environmental Protection Agency.
South Texas powers another week of rising truckload volumes
Outbound tender volumes (OTVI.USA) finished this week up 4.99 percent year-over-year. South Texas led the climb with both Houston and Laredo posting strong double-digit weekly increases. OTVI began the week with a strong start before dipping late Thursday, diminishing the weekly gains. Overall, tendered truckload volumes increased 1.45 percent this week. The OTVI index also […]
ATA’s Freight Transportation Forecast provides positive overview for trucking future
While it is well know that 2018 was a banner year for the trucking sector, it bears repeating. And one reason for that is that even though 2019 is down volume-wise compared to a year ago, there are still many reasons for optimism, when it comes to gauging the overall health of the market.
Temperature-controlled products heat up air cargo demand
With news of July being the hottest on record, it seemed fitting that we take a look at temperature-controlled air cargo. Indeed, a number of freight forwarders noted in recent earnings reports that temperature-controlled volumes were a bright spot in an otherwise disappointing first half of the year for air cargo.
Freight volumes shift to the east coast as companies attempt to navigate the trade war
The trade war with China has had significant impact on economic activity over the past 18 months, forcing many companies to re-evaluate their supply chains. An unintended side effect of the conflict is the change of domestic freight patterns, as volumes that once entered the country through Los Angeles are now starting to hit the […]
ATA Freight Forecast Predicts 25.6% Growth by 2030
Freight tonnage is projected to increase 25.6% by 2030 according to American Trucking Associations’ Freight Transportation Forecast: 2019 to 2030. Annual tonnage is expected to grow to more than 20.5 billion tons by 2030, and with it, revenue is expected to jump almost 54% to $1.6 trillion.
Tendered truckload volumes continue to post year-over-year gains
Outbound tender volumes (OTVI.USA) finished this week up 3.02 percent year-over-year. This continues the gains the index has posted since July 24th, when 2019 tender load volumes surpassed those in 2018.
Markets Set to Recover Slightly as China Eases Tone on Trade War
Stock markets appeared poised to rebound Thursday as China softened its tone regarding the trade war with the U.S. a day after Wall Street suffered its worst session of the year.
US consumer sentiment for August comes in well below estimates
U.S. consumer sentiment fell to 92.1 in August, the lowest indicator readout since the start of 2019, according to data released Friday. The dip points to further uncertainty in the U.S. economy, as consumers navigate wild market swings and a constantly shifting trade environment.