The American Transportation Research Institute unveiled its top industry issues report showing that the looming implementation of the ELD Mandate is the top concern of carriers and drivers. The annual survey, which generated more than 3,200 responses from motor carriers and commercial drivers, was released at the American Trucking Associations 2016 Management Conference and Exhibition […]
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, […]
HURRICANE MATTHEW’S IMPACT ON THE TRUCKING INDUSTRY
Not since 2007 had the US seen a Category 5 Atlantic Hurricane. This all changed when Hurricane Matthew, a destructive and long-lasting tropical cyclone, wreaked havoc on the southeastern United States. Before its arrival on US shores, the storm also impacted Haiti, Jamaica, and a number of other island-nations. Its origin can be traced to […]
Oil breaks above $50 a barrel as investors warm to OPEC deal
Oil rose to its highest since August above $50 a barrel on Monday, supported by a planned production cut by exporter club OPEC, although analysts cautioned the stubbornness of the existing supply overhang could temper a longer-lasting rally.
China’s Ambitious Plan to Make the Yuan the World’s Go-To Currency
China’s long-held desire to provide an alternative to the U.S. dollar will get a boost on October 1, when the yuan enters the International Monetary Fund’s basket of reserve currencies, placing it alongside the pound, euro, yen and dollar. The yuan’s ascent is a validation of the importance of the world’s second-biggest economy and the […]
Lawmaker asks USDOT to consider further crude-by-rail regulations
U.S. House Rep. Jaime Herrera Beutler, R-Wash., is urging the Department of Transportation (DOT) to consider further regulation of freight trains carrying crude oil. Beutler earlier this week sent a letter to U.S. Transportation Secretary Anthony Foxx, Federal Railroad Administrator Sara Feinberg and Pipeline and Hazardous Materials Safety Administrator Marie Therese Dominguez asking DOT to […]
BNSF CEO: Railroad regulators need to recognize dip in coal traffic
Federal regulators should consider how the sharp decline in coal traffic is affecting the nation’s railroads, BNSF Railway CEO Matthew Rose said in Houston at the annual Intermodal Expo, which was sponsored by the Intermodal Association of North America (IANA).
September U.S. auto sales seen sliding even as discounts rise
Major automakers are expected on Monday to report their second straight decline in monthly U.S. sales as heavy discounting has failed to bring demand up to last year’s robust September sales. Twenty-four economists polled by Thomson Reuters expect September sales of 17.3 million vehicles on a seasonally adjusted annualized basis, below forecasts by J.D. Power-LMC […]
Automated trucks, warehouses seen transforming distribution
When the future of driverless or autonomous trucks is discussed, the focus tends to fall on the technology, their effect on drivers, or how they would share highways with motorists, and rarely on their impact on warehousing and industrial distribution networks. Autonomous trucks are coming, and they will change how warehouses, receiving docks, and logistics […]
Trucker shortage prompts calls for driverless big rigs
America is facing a trucker crisis. As it readies for the busy holiday delivery season, the industry is expecting to be short about 73,000 long-distance drivers, more than three times the shortage of 2005, and that could lead to delivery delays and higher shipping costs.