Freight shipments and expenditures in the July edition of the Cass Freight Index Report from Cass Information Systems, which was released this week, showed annual gains for the seventh straight month and sequential declines. Many freight transportation and logistics executives and analysts consider the Cass Freight Index to be the most accurate barometer of freight […]
With the Dec. 18 deadline for mandatory electronic logging devices (ELDs) quickly approaching, there is concern that a majority of the 3.5 million affected trucks have yet to procure or install the required devices.
Trucking added 400 jobs in July, according to the latest employment report issued by the Department of Labor. July’s gains come after three months of declines in industry employment. However, due to strong gains in February and March, trucking industry employment is still up compared to 2016. July’s total, 1.4706 million, was 22,000 jobs greater […]
Continued growth appears to be the main thesis looking out over the next decade for the freight transportation market, according to the American Trucking Associations (ATA) ATA Freight Transportation Forecast 2017, which was released today. Data for this report comes from both the ATA and IHS Global Insight.
Amid the devastating cyber attack on Maersk Group and Cosco Holdings buying OOCL with the help of Shanghai International Port Group, an interesting development on the US West Coast may have passed unnoticed. Hyundai Merchant Marine’s (HMM’s) decision to shut down its operations at its Port of Los Angeles terminal because the new alliances have […]
The crush of e-commerce freight is causing strains on last-mile capacity. Uneven shipping patterns are causing freight forecasts to be wrong as often as correct. Inventory-to-sales ratios are falling as manufacturers abhor keeping excess inventory for very long
The fee that terminals at the ports of Los Angeles and Long Beach charge for moving cargo during daytime hours Monday through Friday is about to go up. On Aug. 1, the Traffic Mitigation Fee (TMF) at the adjoining Southern California ports is increasing by 2.3 percent, according to the West Coast MTO Agreement, which […]
The world’s largest ocean carrier has piloted a program in four countries to offer loan capital to shippers and has recently expanded that facility to importers and exporters to the United States. The program is designed to give Maersk customers an alternative to bank financing for shipping and trade-related services attached to their ocean freight, […]
Canada’s economy expanded at an annual pace of nearly four per cent in the first quarter, more than three times the growth seen in the U.S. in the same period. According to Statistics Canada, the total value of all goods and services sold in Canada grew in absolute terms by 0.9 per cent from the […]
United States gross domestic product (GDP) increased at an annual rate of 1.2 percent in the first quarter of 2017, according to the “second” estimate released by the Commerce Department’s Bureau of Economic Analysis (BEA).
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