The global economic situation is grim and major economies must lead the way in tackling problems including sluggish growth and weak trade, China’s trade minister Gao Hucheng said on Saturday. Gao made the remarks at the start of a two-day meeting of trade ministers from G20 economies in Shanghai, as uncertainty hangs over the outlook […]
A new government forecast is calling for double-digit gains in diesel prices next year, while gasoline is expected increase by only half as much.
Import cargo volume at the nation’s major retail container ports should see a small but significant increase this month as merchants stock up for the back-to-school season, then see a larger wave in late summer and fall for the holiday shopping season, according to the monthly Global Port Tracker report released July 12 by the […]
The state of U.S. freight growth in 2016 and beyond hangs on the fate of inventory that has been piling up for years and has proved difficult to draw down. There are signs that inventory destocking finally may be under way, after stockpiles peaked in 2015, as inventory carrying costs rise and consumer demand picks […]
American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased in May following two consecutive months of decreases. The index was up 2.7% for the month equaling a reading of 139, up from 135.3 in April when the index fell 1.7%. Compared to May 2015, the SA index jumped 5.7%. From January through May, […]
Trucks carried more U.S. freight by value with its North American Free Trade Agreement (NAFTA) partners Canada and Mexico in April 2016 compared to the same time a year ago, but declines in all other freight modes led to a 3.2% decrease in the total current dollar value of cross-border freight to $90.4 billion.
U.S. business logistics costs rose at a slower rate last year as supply chain transparency continued to grow in importance, according to the the Council of Supply Chain Management Professionals’ Annual State of Logistics Report released June 21.
The latest weekly numbers on the spot truckload freight market are both a good news and not so good news situation. First, the good news. The number of posted loads increased 36% for the week ending June 11, according to DAT Solutions and its network of load boards.
The financial impact of the United States railroad industry on all facets of the nation’s economy cannot even come close to being understated.
The average price per gallon of diesel gasoline rose 2.4 cents to $2.431 per gallon this week, according to the Department of Energy’s Energy Information Administration (EIA).
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