While there were slightly more loads and trucks on the spot market during the week ending Oct. 22, according to DAT Solutions and its network of load boards, rates moved little from the week before.
Cargo theft up in Q3: CargoNet
Cargo theft is up when comparing this third-quarter to the same time last year, according to CargoNet. The cargo theft reporting company claims that in Q3, there were 447 reported incidents, which represents a 2% increase from last year’s Q3 results.
AAR Reports Weekly Rail Traffic for The Week Ending October 22, 2016
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 22, 2016. For this week, total U.S. weekly rail traffic was 544,092 carloads and intermodal units, down 1.7 percent compared with the same week last year.
Tighter Utilization Boosts Intermodal Competitive Index
FTR’s Intermodal Competitive Index rebounded in August to a reading of 2.16, easing some of the concerns of the previous month’s weak reading, according to FTR. The updated August reading was not particularly strong, but the rebound from July’s low confirmed FTR’s suspicions that the number of work days in July adversely affected the index. […]
Japanese Shippers to Merge Container Operations; Shares Surge
Japan’s three biggest shippers agreed to combine their container operations to create the world’s sixth-largest box carrier, as the industry steps up consolidation this year amid a global turmoil in the sea-cargo business.
LA-LB terminals far from sure bet for investors
Marine terminal engineer Larry Nye has drawn up plans for container facilities around the world, but when it comes to choosing his preference for a US location, he doesn’t have to leave home. “Los Angeles-Long Beach is such a sure bet in terms of long-term demand,” he said. However, this sure bet of 15 million […]
Report: Transportation is just as important to food safety as in-house operations
Manufacturers looking to comply with the Food Safety Modernization Act have undergone a number of changes to make their operations and ingredient sourcing safer, but transportation of products and ingredients is also key to the safety of the food supply, according to a new report from Lockton.
U.S. factories expand in October; construction spending falls
U.S. factory activity increased for a second straight month in October amid a pickup in production and hiring, supporting views manufacturing would regain some momentum in the fourth quarter. The Institute for Supply Management (ISM) on Tuesday said its index of national factory activity rose 0.4 percentage point to a reading of 51.9 percent last […]
U.S. consumer spending ends third-quarter with strong momentum
U.S. consumer spending rose more than expected in September as households boosted purchases of motor vehicles and inflation increased steadily, which could bolster expectations of an interest rate hike from the Federal Reserve in December.
Intermodal Transport: The Little Engine That Could
After two years of steady acceleration, intermodal transportation in North America hit a slowdown in 2016. Intermodal volume in the second quarter of 2016 fell by 6.1 percent compared with the same quarter in 2015, according to the Intermodal Association of North America (IANA).