If the first half of 2018 was a bellwether, beneficial cargo owners will face unprecedented challenges using intermodal this peak season, which appears to be starting earlier than in prior years. Intermodal traffic rose 7 percent in the first five months of the year, according to the Intermodal Association of North America. The number of […]
Airfreight rates on services from China to Europe are expected to pick up during the summer and beat last year’s levels during the fourth-quarter peak. The first airfreight rate forward curve from derivatives broker Freight Investor Services (FIS) shows that for August the sector is making paper deals with an average value of $2.85 per […]
Imports at the major retail container ports in the U.S. are expected to set a new record this month driven by increasing consumer demand and rising retail sales, the National Retail Federation said.
After a June full of diesel and gasoline price dips, July has started with two straight weeks increasing prices at the pump across the nation, according to EIA. Fuel prices crept up the pump this past holiday week – marking the second week in a row of national average increases for both diesel and gasoline, […]
Federal Reserve Chairman Jerome Powell gave an upbeat assessment of the U.S. economy but warned a sustained period of high tariffs on a wide variety of imports could be harmful to growth.
China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington.
Driver turnover at large truckload carriers increased in the first quarter of 2018, pushing it 20 points higher than the same period last year. Turnover at truckload carriers with more than $30 million in annual revenue climbed six percentage points from the previous quarter to a rate of 94 percent, according to the American Trucking […]
The pricing train for truckload and intermodal freight movements continues to accelerate at a rapid clip, according to data in the most recent editions of the Truckload Linehaul Index and Intermodal Index from Cass Information Systems and Broughton Capital.
he Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending June 9, 2018. For this week, total U.S. weekly rail traffic was 561,061 carloads and intermodal units, up 4.2 percent compared with the same week last year. Total carloads for the week ending June 9 were 271,641 carloads, up 2.8 […]
CN is investing C$400 million in new capacity this year, primarily in western Canada and the Edmonton-Chicago corridor. Projects currently in progress include 60 miles of double track, 11 new sidings or siding extensions, and eight yard expansions. All should be completed in November.
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