The Association of American Railroads (AAR) today released an assessment of trade’s impact on the freight railroad industry, finding that at least 42 percent of rail carloads and intermodal units, and more than 35 percent of annual rail revenue, are directly associated with international trade. Approximately 50,000 domestic rail jobs, accounting for more than $5.5 […]
The head of the Bank of Canada says he is still keeping a close eye on risks to the economy even after a string of healthier-than-expected numbers. The remarks by Governor Stephen Poloz on Tuesday followed a speech in Oshawa, Ont., where he made the case for a policy mix frequently promoted by the federal […]
Intermodal rates rose 4.9 percent in February 2017 compared to the same month last year, just the fifth year-over-year increase since December 2014 and the largest since January 2012, according to the latest Cass Intermodal Price Index, which measures all-in per-mile costs.
American Trucking Associations announced it will be hosting the first annual ATA Economic Summit July 20 in Arlington, Va., for its motor carrier and private fleet members. The Summit will bring together chief economists from several trade associations for an outlook on their respective industries, spanning from manufacturing to construction to retail. Attendees will gain […]
Chief executives at some of the largest U.S. companies are increasingly optimistic about the future of the economy. According to The Business Roundtable’s CEO Economic Outlook Index, as cited by Bloomberg, the optimism among 141 CEOs increased 19.1 points in the first quarter to 93.3-the largest jump since the last three months of 2009. The […]
The International Air Cargo Association’s (TIACA) Shippers’ Advisory Committee (SAC) said in a new position paper that change is needed, and all sectors of the air cargo supply chain industry must collaborate to drive the adoption of new technology and greater transparency.
The global air cargo rally continued into 2017, with traffic rising 6.9 percent year-over-year in January on strong growth in Europe and the Middle East, according to the International Air Transport Association. While this was down from the 10 percent growth in December, it is still well above the average annual growth rate of 3 […]
A bipartisan bill titled Energizing American Maritime Act was introduced last week to the US Congress requiring up to 30 percent of US liquefied natural gas (LNG) exports to be carried on US-flagged ships.
In a move that could have profound implications for supply chain efficiency and visibility, IBM and Maersk have used a blockchain to manage cargo documentation for ocean freight shipments. The two companies have announced a “new collaboration to use blockchain technology to help transform the global, cross-border supply chain”. Using IBM’s open source Hyperledger, the […]
A trucking industry group of major carriers opposes deployment of fully autonomous, driverless trucks. In a statement Tuesday, Feb. 28, the Alliance for Driver Safety and Security says it “supports the development” of automated truck technology, as long as deployment of such technology doesn’t leave unmanned trucks on U.S. highways.
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