The latest Airlines Financial Monitor from IATA indicates that cargo load factors have dropped back to levels last seen at the start of 2017. Across the air cargo industry, the freight load factor fell 0.5% in April compared to the same month of 2017. Capacity (available freight tonne-km, AFTK) increased 5.1% year on year in […]
Confidence in the air cargo market and concern over tight capacity at peak periods is keeping charter operators busy, with the carriers reporting a rise in first-quarter business and renewed interest from forwarders in signing longer-term charter contracts. (This article requires a subscription to the Journal of Commerce. To subscribe, please click on the above […]
There are some signs that the ocean carrier industry is moving towards a recovery from overcapacity and low freight rates, say some leading experts. But even the most optimistic forecast comes with more than a few caveats.
Records for United States-bound retail container shipments could be broken this summer, according to the most recent edition of the Port Tracker report issued by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.
The U.S. government had a $147 billion budget deficit in May, an increase of 66 percent from the same month last year as the ledger took a hit from declining revenue and higher spending, according to Treasury Department data released on Tuesday.
U.S. producer prices increased more than expected in May, leading to the biggest annual gain in nearly 6-1/2 years, but underlying producer inflation remained moderate. The Labor Department said on Wednesday its producer price index for final demand rose 0.5 percent last month, boosted by a surge in gasoline prices and continued gains in the […]
Demand outpaced capacity during the week including Memorial Day as the number of truck posts on DAT Solutions network load boards dropped 18% while load posts fell just 9% over the past week, according to newly released figures.
The world of transportation is changing and changing fast. After decades of little innovation, the past five years or so have ushered in a sea change and it will profoundly impact the way people and goods move, said Timothy Papandreau, strategic advisor and founder of City Innovate.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending June 2, 2018, as well as volumes for May 2018. U.S. railroads originated 1,319,420 carloads in May 2018, up 3.2 percent, or 41,078 carloads, from May 2017. U.S. railroads also originated 1,398,203 containers and trailers in May 2018, up 6.6 […]
Canadian National Railway Co. will likely top C$3 billion ($2.3 billion) in capital spending for the second straight year in 2019 as it aims to speed up trains and capture rising demand for freight such as grain and crude oil, its top executive said. Canada’s biggest railroad is already spending a record C$3.4 billion this […]
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