United States rail carload and intermodal volumes were down again for the month of May, according to data released this week by the Association of American Railroads (AAR).
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Moore on Pricing: Rail merger activity just beginning
The briefly considered merger of the Norfolk Southern (NS) and Canadian Pacific (CP) railroads is illustrative of the changes rail shippers should be watching for in both intermodal and bulk rail services. These are smart companies, and they see a billion reasons why opportunity in this “sleepy” industry is better than many shippers realize.
Trucking Sees Smallest Decline In Cross-Border Freight Flows
Trucking and four other transportation modes carried less U.S. freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in March 2016 compared to a year earlier, according to a new Transportation Department report.
Spot market 2016: No post-Memorial Day slump in rates
In years past, there’s been a slump in rates after Memorial Day on DAT Load Boards, but that wasn’t the case last week. Spot market rates continued their upward trend after the holiday. The Sun Belt is still showing strength, as last week, and the Midwest continues to improve. California volumes are holdin
Yellen says the Fed will be less predictable
The Federal Reserve chair told the Senate Banking Committee on Tuesday the central bank is in no hurry to raise interest rates. Yellen once again stressed the word “patience.” On Wednesday, she appears before the House of Representatives’ Financial Services Committee.
Why Britain Is Edging Toward ‘Brexit’
It may now be time to seriously consider what would happen if Britain left the European Union. For months, opinion polls indicated that Britons would vote on June 23 to remain within the 28-nation union. But recent polls have shown a lead for the “leave” camp, including one that puts it five percentage points ahead. […]
AAR REPORTS WEEKLY RAIL TRAFFIC FOR THE WEEK ENDING MAY 14, 2016
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending May 14, 2016. For this week, total U.S. weekly rail traffic was 498,379 carloads and intermodal units, down 9.2 percent compared with the same week last year.
More container cargo moving with NVOCCs
Approximately 37.5 percent of imports to the United States were contracted by non-vessel operating common carriers in the first quarter of 2016, according to research firm Datamyne.
Canadian Factory Shipments Decline in March
Canadian factory sales fell in March on lower transportation and primary metals sales, and together with a downward revision to February’s sales, marked the steepest two-month drop in more than a year. (This article requires a subscription to the Wall Street Journal. To access, please click on the above link.)
Another Hike in Diesel Prices, Oil Nears $50 Per Barrel
The average price of diesel fuel increased once again last week, continuing a streak of price hikes that began in February, according to the latest numbers from the Energy Department.