U.S. weekly railroad traffic fell 14 percent for the week ending April 9, as both carload and intermodal activity posted decreases, according to data released yesterday by theAssociation of American Railroads (AAR).
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Consumer Sentiment Falls on Concerns Over U.S. Wages, Elections
Consumer confidence unexpectedly fell in April to the weakest level in seven months as Americans were rattled by unsatisfying wage growth and concern over how the upcoming presidential election would impact the economy.
Despite traffic decline, Virginia sets new records in March
The Port of Virginia set a new record in March for the amount of rail cargo handled in a month, despite a decline in overall containerized volume in the month.
For-Hire Freight Movements Decline Slightly
Following two straight months of growth, the amount of freight moved by for-hire operations in the U.S. fell in February from the month before, due in part to a substantial decline in trucking, according to a Transportation Department report released Wednesday.
Long Beach port studies expansion to handle growth
The Port of Long Beach is studying land use to plan development of the marine terminal capacity needed to handle growing cargo volumes and larger vessels while remaining committed to environmental stewardship and community partnership. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
Diesel Prices Fall for First Time Since February
The average price of diesel fuel finally fell last week, breaking a streak of steady increases that started in late February when the price of oil began to rally, according to the latest numbers from the Energy Department.
U.S. wholesale inventories fall sharply, point to weaker growth
U.S. wholesale inventories fell at their fastest pace in nearly three years in February, pointing to a sharper slowdown in first-quarter economic growth than previously thought. Wholesale inventories dropped 0.5 percent in February, the Commerce Department said on Friday, the sharpest decline since May 2013. Analysts polled by Reuters expected a 0.1 percent decline.
West Coast ports’ import TEU share falls below 50 percent
U.S. East and Gulf Coast ports have been winning the market share battle in overall U.S. containerized ocean trade since 2008, and in 2015 they overcame West Coast ports in containerized imports, too. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
BlackBerry Offers Asset Tracking for Trucking
At this year’s Mid-America Trucking Show, communications company BlackBerry introduced an end-to-end tracking system for trucking companies and private fleet operators called BlackBerry Radar.
AAR: Rail traffic down in U.S., Canada and Mexico in Week 12
Total U.S. rail traffic continued its downward trend for the week ending March 26, as railroads logged 470,271 carloads and intermodal units, down 16.5 percent compared with the same week last year, according to the Association of American Railroads.