While United States-bound retail container volumes trended down in December, the over all outlook for 2017 volumes appears to be solid, according to the most recent edition of the Port Tracker report issued by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.
Moderately favorable was how freight transportation forecasting firm FTR described the current state of the intermodal sector vis a vis to truck, according to the Intermodal Competitive Index (ICI), which the firm recently released.
Hyundai Merchant Marine announced last Thursday it will buy 20 percent of a company part-owned by Hanjin Shipping that operates terminals in Seattle and Long Beach, in a move that may go some way to restoring the severely depleted flow of cargo through the California terminal. (This article requires registration at the Journal of Commerce. […]
Following the bankruptcy of Hanjin, Taiwan’s Yang Ming is now the container line in the greatest financial danger, according to a research paper published today. Drewry Financial Research Services (DFRS) says the line has the industry’s most leveraged balance sheet, with a net gearing of a massive 437% at the end of Q3. The figure […]
The most recent edition of the Trucking Conditions Index (TCI) issued this week by freight transportation consultancy FTR remained in familiar territory, as market conditions appeared to show signs of stabilization at the end of 2016 heading into 2017.
Diesel prices finally dropped after a month and half streak of weekly increases, according to the latest numbers from the Energy Department.
In the first week of the year, diesel prices continued to rise, extending a 6-week streak of increases, according to the latest numbers from the Energy Department. The average price of on-highway diesel fuel in the U.S. increased 1.1 cents last week, rising to $2.597 per gallon at the pump. The price is now 42 […]
Elaine Chao is no new face to Washington circles and has a track record of rolling back regulation and a pro-business reputation. Her pro-business approach could be a big win for motor carriers that have faced a laundry list of regulations that although aimed at increasing driver safety, threaten to tighten capacity and increase shipping […]
The nation’s gross domestic product, which measures the total output of goods and services, expanded at a rate of 3.5% in the third quarter of the year, according to the Commerce Department. This third and final estimate is up from a 3.2% rate estimated a month ago and a 2.9% estimate in late October.
Intermodal pricing increased 0.3 percent for the month compared with the same 2015 period, just the second year-over-year increase since December 2014, according to the latest Cass Intermodal Price Index.
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