Obtaining an accurate read on the current freight car market is like trying to fine-tune a multiple-carburetor setup on a classic performance car. Adjust one setting, and another setting may be thrown off.
Hanjin collapse hits US import volumes
Hanjin Shipping’s failure put a noticeable dent in US import volumes, which fell 3.8 percent year-over-year in September to 1.8 million 20-foot-equivalent units.
Treasuries Rise as Dollar Falls Amid Economic Data; Oil Slumps
Treasuries rebounded from a four-month low and the dollar fell after mixed economic data in the world’s largest economy bolstered the case for accommodative monetary policy. Oil retreated. U.S. government bond yields fell and the greenback dropped against most of its major peers after a measure of manufacturing in New York unexpectedly contracted, while the […]
ATA RELEASES DATA ON FUTURE OF FREIGHT INDUSTRY
Today marked the release of the US Freight Transportation Forecast to 2027. This forecast, which is released by the American Trucking Associations, is designed to measure data pertaining to trucking and predict future trends within the industry. The forecast showed growth in multiple areas. These include overall freight volumes as well as the overall number […]
ATA stresses importance of dialogue in advance of looming autonomous technology
American Trucking Associations (ATA) president Chris Spear said before the idea of automated vehicles is dismissed or embraced, there has to be a dialogue and, most importantly, the ATA must have a seat at the table.
Signs of delayed Hanjin cargo lifting truck, intermodal spot rates
The Hanjin Shipping bankruptcy may be behind a recent surge in freight moving inland from West Coast ports, as shippers look to expedite goods delayed on Hanjin vessels and in Hanjin containers to inland distribution points as the fourth quarter and holiday season loom. (This article requires registration at the Journal of Commerce. To access, […]
Goldman sees U.S. auto sales entering slow lane, downgrades sector
Earnings at U.S. automakers are expected to decline in the next two years as negative pricing and lower production weigh on North America results, Goldman Sachs said, downgrading the sector to “cautious” from “neutral”.
Dollar climbs to 11-week peak on rate hike bets; pound slides
The dollar hit an 11-week high on Tuesday as investors increased bets that the Federal Reserve would raise interest rates in December following a round of generally solid U.S. economic data over the last few weeks. Sterling continued its downward trek following a “flash crash” event last Friday, with investors concerned about the impact of […]
Trucking sheds jobs amid weak US freight demand
After rising two months, trucking employment dropped by 3,600 jobs in September, as low freight demand and excess capacity idled trucks. The payroll cuts revealed in US Labor Department data Friday erased most of the 4,000 jobs trucking gained in August. (This article requires registration at the Journal of Commerce. To access, please click on […]
US DOT proposes speed limiters on all large commercial vehicles
The US Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) and the Federal Motor Carrier Safety Administration (FMCSA) today proposed equipping heavy-duty vehicles with speed limits on US roadways. Both organizations say speed limiters are a safety measure that could save lives and more than $1 billion in fuel costs each year.