When the CMA CGM Benjamin Franklin pulled out of Los Angeles in late December after an unprecedented effort by the port community to work the largest container ship ever to call at a North American port, no one was prouder than the International Longshore and Warehouse Union.
Oil erases its gains for the year in New York as Saudi Arabia’s deputy crown prince said the kingdom will only freeze production if Iran and others follow suit.
In the three months since the U.S. lifted its 40-year ban on crude oil exports, a curious thing has happened. Rather than flooding global markets, U.S. crude shipments to foreign buyers have stalled. At the same time, imports into the U.S. jumped to a three-year high in what looks to be a reversal of a […]
Wall Street extended a seven-week rally on Friday after upbeat U.S. jobs and factory data hinted at stronger corporate earnings without increasing concerns of potential U.S. interest rate hikes.
Activity in China’s manufacturing activity unexpectedly expanded in March for the first time in nine months, an official survey showed on Friday, adding to hopes that downward pressure on the world’s second-largest economy is easing.
At the 12th annual “Pulse of the Ports Peak Season Forecast,” panelists stated that cargo growth should continue through 2016 even though uncertainty remains as the economy and industry continue to evolve.
With “tepid” freight demand dampening LTL profits, analysts and carriers executives say that fuel, capacity utilization, and mounting regulation will play a large role in 2016 rates. Here’s what shippers should expect…
Total U.S. weekly rail traffic continued its slide for the week ending March 19, with carloads falling 17.2 percent to 235,390, and intermodal volume declining 10.7 percent to 248,073 containers and trailers compared with traffic during the same week in 2015, according to the Association of American Railroads (AAR).
Shipping losses continue their long-term downward trend with 85 total losses reported worldwide in 2015, according to the Allianz Global Corporated & Specialty (AGCS) fourth annual Safety and Shipping Review 2016, which analyzes reported shipping losses of over 100 gross tons.
Trucking delivered some good news this week to those yearning for spring and signs of faster economic growth. U.S. truck tonnage leaped 7.2 percent in February, after declining a revised 0.3 percent in January, the American Trucking Associations said March 22. (This article requires registration at the Journal of Commerce. To access, please click on […]
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