A group of 32 chief executive officers from major companies sent a letter to the White House, urging President Trump to move quickly on an update of the North American Free Trade Agreement (NAFTA) between the United States, Canada and Mexico, but not to mess with the underlying structure, the Wall Street Journal reported.
Seasonally-adjusted (SA) for-hire truck tonnage at 134 (2000=100) dropped 2.5% (its largest monthly contraction year-to-date), following declines of 1.1% in March and 0.1% in February.
Risk models provide a key advantage to firms operating globally, and are the first step in identifying key trade lanes, business partners, and the areas most likely to cause harm. The more you know, the easier it is to manage the risk. (This article requires a subscription to the Journal of Commerce. To subscribe, please […]
Increasingly high rents charged to chassis providers by the Port Authority of New York and New Jersey could hurt the port’s overall competitiveness, says Dennis Daggett, executive vice president of the International Longshoremen’s Association.
The Omaha, Neb.-based Class I railroad’s investment plans stemmed from its $3.1 billion capital plan for 2017. The capital plan was unveiled in February, and since then, the Omaha, Neb.-based Class I railroad said it would invest in Texas, California, Arkansas, Louisiana and Oregon.
A freight “tsunami” is sweeping toward Chicago from the Eastern Seaboard, and a proposed train-and-truck facility in suburban Will County could help railroad CSX ride the wave. Logistics and economic development experts predict a rising volume of goods passing through East Coast seaports, thanks to a wider Panama Canal and more shipments coming via the […]
The price of diesel fuel in the U.S. increased for the first time in a month, ending a streak of three straight weeks of price drops, according to the latest numbers from the Energy Department. The average price of on-highway diesel fuel jumped 2.4 cents last week, hitting $2.556 per gallon at the pump. The […]
If you’re using financial markets to take the pulse of the global economy, your chart’s telling you the patient’s ready to run a marathon while in need of a stint in the ICU at the same time. It all depends on the asset class you’re reading.
While motor carriers continue to work hard to fill driver seats, data issued today by the American Trucking Associations (ATA) is showing that the efforts are showing signs of paying off more so than usual. ATA reported that the annualized turnover rate for large truckload carriers, which it defines as truckload fleets with more than […]
U.S. railroads had the lowest train accident rate on record in 2016, according to data from the Federal Railroad Administration (FRA). Derailment rates, which declined 10 percent in 2016 from 2015, as well as track-caused accident rates, are also both all-time lows. The 2016 rail safety statistics continue a string of record-setting years, showing this […]
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