U.S. Transportation Secretary Anthony Foxx Sept. 7 announced 18 infrastructure projects across the country will receive federal grants as part of the Fostering Advancements in Shipping and Transportation for the Long-term Achievement of National Efficiencies (FASTLANE) program.
On Aug. 17, JOC.com Executive Editor Mark Szakonyi and Associate Editor Reynolds Hutchins sat down with five prominent executives to discuss trends, outlook and operational issues in the international and domestic intermodal market. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
Import cargo volume at the nation’s major retail container ports should be at near-peak levels this month even as retailers work to cope with the Hanjin Shipping bankruptcy, according to the monthly Global Port Tracker report released Friday by the trade group the National Retail Federation and the consulting firm Hackett Associates.
The surplus in global oil markets will last for longer than previously thought, persisting into late 2017 as demand growth slumps and supply proves resilient, the International Energy Agency said. World oil stockpiles will continue to accumulate through 2017, a fourth consecutive year of oversupply, according to the IEA.
A combination of recently released economic indicators and second quarter earnings reports from freight transportation and logistics sectors continue to lend credence to the thesis that a freight recession may no longer be imminent, but has actually arrived.
US trucking companies kept their hiring engines firing in August, adding 3,400 jobs, an increase of 1,500 jobs over the 1,900 gain now reported for July, US Bureau of Labor Statistics data released Friday showed. August was the second month of job gains in trucking after a five-month decline in employment, a sign US motor […]
US exporters are bracing for what could be another historic harvest this year, providing Western railroads with more intermodal cargo and container lines backhaul freight to Asia. Unlike in years past, however, the North American intermodal network is primed to accommodate that load and healthy competition from markets overseas should relieve pressure on intermodal equipment […]
With Korean ocean carrier Hanjin Shipping, the seventh largest ocean liner in the world that handles roughly 7% of U.S.-Asia cargo, filing for bankruptcy earlier this week, what happens next in regards to what happens to the cargo that was moving on Hanjin vessels at that time, as well as its subsequent short-term impact on […]
Saudi Arabia and Russia agreed on Monday to cooperate in world oil markets, saying they will not act immediately but could limit output in the future, sending prices higher on hopes the two top oil producers would work together to tackle a global glut.
A U.S. federal mandate requiring truck drivers to use electronic logging devices by the end of next year won’t necessarily be the harbinger of a long-anticipated “capacity crunch” on the road for longer hauls or the boon to business on the rails that some have predicted. (This article requires registration at the Journal of Commerce. […]
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