There was “serious business growth” for air cargo in April after fluctuating performance during the first three months of the year. Analyst WorldACD said that the cargo volumes increased by 4% in April, compared with a 4.8% improvement during the first quarter, when the Chinese New Year had its usual distorting effect on monthly comparisons […]
The average price per gallon of diesel gasoline fell for the first time in 11 weeks, according to data issued by the United States Department of Energy’s Energy Information Administration (EIA) this week. Falling 0.3 cents, the national diesel average now stands at $3.285 per gallon. Even with the decline, this marks the second highest […]
The U.S. trade deficit narrowed to the lowest level since September as exports rose to a record, amid Trump administration tariffs and trade threats that risk hurting global commerce. The gap decreased 2.1% in April to $46.2 billion, from a revised $47.2 billion in the prior month, Commerce Department data showed June 6. The median […]
The Trump administration’s imposition of tariffs on neighbors and allies presents a growing risk for the broader U.S. economy, as the prospect of a tit-for-tat trade war mounts. The U.S. has imposed steel and aluminum tariffs on the European Union, Canada and Mexico, and they have pledged to return fire on a range of U.S. […]
Canada’s trade deficit in April narrowed to the lowest in six months as imports slumped and exporters continued to show signs of strength. The merchandise trade gap narrowed to $1.90 billion (US$1.5 billion), half the $3.93 billion gap recorded a month earlier, Statistics Canada reported Wednesday in Ottawa. Imports fell 2.5 per cent, paring back […]
With transport stocks surging, some market watchers are hopeful that the current expansion period will continue despite downturns in the broader market earlier this year. This hope is rooted in Dow theory, which asserts that stock market trends confirm each other. According to the theory, a bullish transportation sector is an indicator of overall economic […]
The trucking industry may be in a crunch as companies struggle to fill driver positions, but it may ultimately be consumers that feel the pain as prices continue to rise.
US shippers should brace for over-the-road disruption the week of June 5, as law enforcement and regulatory officials across North America crack down on truck driver hours-of-service (HOS) compliance. The Commercial Vehicle Safety Alliance’s (CVSA) annual Roadcheck this year spotlights compliance with HOS rules and the electronic logging device (ELD) mandate. (This article requires a […]
A new study by Stay Metrics has found younger drivers are only slightly more prone to leaving a carrier within the first six months than their middle-aged counterparts. On average nearly 60% of all drivers in every age group will leave their carrier within the first six months, and as much as 35% will leave […]
Several of the world’s largest container shipping companies have imposed emergency bunker surcharges upon their customers in the past two weeks, seeking to claw back revenues lost to rising fuel bills caused by the jump in crude prices in recent months. France’s CMA CGM announced a $55/TEU surcharge for dry cargo, Israel-based ZIM introduced surcharges […]
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