Beneficial cargo owners who question if the Port of Long Beach will have access to sufficient, affordable power while building a zero-emission harbor should rest assured that the second-largest U.S. port is already well-along in achieving that goal. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
The average price of diesel fuel fell again last week, continuing a steady decline in prices that began over a month ago, according to the latest numbers from the Energy Department.
The U.S. economy may not have turned a corner, but truck pricing trends in the late second quarter may foreshadow a spike in higher transportation costs ahead for U.S. shippers. Truckload spot market capacity got a bit tighter in June, and pricing climbed higher, as a seasonal increase in freight volumes, coupled with the produce […]
Spot truckload freight rates showed either a big improvement or turned in a disappointment over the past week while a monthly gauge of the market reveals its best performance of the year, according to DAT Solutions and its network of load boards.
U.S. retail sales rose more than expected in June as Americans bought motor vehicles and a variety of other goods, reinforcing views that economic growth picked up in the second quarter. Other data on Friday showed consumer prices increasing for a fourth straight month in June on rising housing, gasoline and healthcare costs, indicating a […]
As it crosses the century mark, the world’s biggest plane maker faces serious headwinds.
Most Mexican central bank policymakers fear the country’s battered peso currency could suffer further from market volatility stemming from Britain’s vote to leave the European Union and the U.S. presidential race. All policymakers said they raised interest rates in a bid to protect the purchasing power of the peso, which had slumped more than 7 […]
The global refrigerated ocean transportation market is forecast to grow steadily at a compound annual growth rate of about 4 percent from 2016 through 2020. Perishable fruits and vegetables, fish and other food products account for most of containerized refrigerated shipments. But other goods, including temperature-controlled chemicals, medicine, pharmaceuticals and floriculture products increasingly are migrating […]
Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia where refiners are already trimming crude runs.
The state of U.S. freight growth in 2016 and perhaps next year hangs on inventories that have been piling up for years at retailers, wholesalers and manufacturers and have proved difficult to draw down. Bloated inventories have depressed freight demand since 2014, contributing to overcapacity in trucking, and filled every nook and cranny of available […]
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