Air cargo growth slipped to its lowest level in 22 months in March, with IATA citing the end of an inventory re-stocking cycle as the main reason for the slowdown. The latest figures from IATA show that air cargo traffic in freight tonne km (FTK) terms increased by 1.7% in March, while capacity increased by […]
The e-commerce boom in the United States has already irrevocably changed the traditional dynamics between supply chain members, but we are still far from seeing how these dynamics will re-form – if ever – after the dust settles, according to an in-depth report released last week from third party logistics (3PL) research organization Armstrong & […]
Overall economic activity in the U.S. cooled slightly in the first quarter of the year as consumer spending eased, but the performance was better than analysts were expecting. The gross domestic product (GDP) increased at an annual rate of 2.3%, according to the first of three estimates from the Commerce Department. This compares to a […]
Year-over-year inflation hit the Federal Reserve’s 2% target for the first time in over a year in March, a sign of strengthening U.S. inflation pressures that could encourage the Fed to continue lifting interest rates this year. (This article requires a subscription to the Wall Street Journal. To subscribe, please click on the above link.)
An amendment written to resolve the issue of preemption by individual states of federal hours-of-service rules for truck drivers was passed on April 26 by a solidly bipartisan vote of 222-193 as part of the FAA Reauthorization Act currently being debated by the House of Representatives.
Regulatory pressures are rising, and the capacity required for a hot freight market was slow to increase in the first quarter, putting pressure on rates, according to FTR analysis. The February Shippers Conditions Index reading from FTR was unchanged from January at -11.1, reflecting an unfavorable environment for shippers.
Truck tonnage declined for the second consecutive month in March, in a sign that the industry continues to cool after rapid growth at the end of 2017. The American Trucking Associations (ATA) reported that truck tonnage declined 1.1% in March from February’s levels, following an upwardly-revised 0.8% decline in the previous month.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending April 21, 2018. For this week, total U.S. weekly rail traffic was 539,425 carloads and intermodal units, up 6.2 percent compared with the same week last year. Total carloads for the week ending April 21 were 264,552 carloads, up 3.5 […]
Thirty-five years ago, the average freight train could safely haul 2,200 tons at once. That was a lot of cargo! Yet even though the basic structure of a train has remained the same, today a single freight train can carry even more — a whopping 3,600 tons, on average.
Americans’ spirits rose this month after dipping earlier this spring, suggesting they remain confident in the economy despite rising inflation and stock-market gyrations. (This article requires a subscription to the Wall Street Journal. To subscribe, please click on the above link.)
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