When shippers awoke on Aug. 31, they faced q new reality: Hanjin Shipping, along with many of its retail, manufacturing and other shipper customers, assumed the company’s main creditor, the Korean Development Bank, would blink and grudgingly accept the container line’s plan to tackle its $5 billion debt. They were wrong. The bank had had […]
Construction of new homes in the United States unexpectedly fell in September on a plunge in multifamily building while permits rose more than forecast, in signs of fitful progress in residential real estate.
Trucking executives are ranking 2016 as one of the more disappointing years for the industry after having high hopes that bulging volumes and profits of last year would continue.
The more than decade-long comprehensive effort mounted by terminal operators in Los Angeles-Long Beach to efficiently work the largest mega-ships shows other US ports have their work cut out for them, a Los Angeles port terminal operator said Monday. (This article requires registration at the Journal of Commerce. To access, please click on the above […]
Hanjin’s receivership represents the trough of the container shipping market and despite continuing concerns of weak trade growth and fleet oversupply a gradual market recovery is now expected, according to the latest annual Container Forecaster and Review 2016/17 report published by global shipping consultancy Drewry.
Sales of previously owned U.S. homes increased more than projected in September, showing residential real estate continues to contribute modestly to growth, National Association of Realtors data showed Thursday.
The controversial mandate requiring electronic logging devices in US trucks by the end of next year will reappear before a federal court next month, jeopardizing the fate of the rule itself, and the so-called “capacity crunch” it was expected to generate. (This article requires registration at the Journal of Commerce. To access, please click on […]
The American Trucking Associations released the latest edition of its look into the future of freight transportation – the U.S. Freight Transportation Forecast to 2027 – showing growth in both overall freight volumes and in the amount of goods moved by truck.
Fallout from Hurricane Matthew and the Hanjin Shipping bankruptcy helped push spot market rates higher over the past week, according to the freight matching service provider DAT Solutions, while a separate report shows rates in September were mixed when compared to the previous month and a year ago.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 8, 2016. For this week, total U.S. weekly rail traffic was 521,789 carloads and intermodal units, down 6.1 percent compared with the same week last year.
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