The Senate by voice vote early Tuesday evening, Feb. 13, confirmed Ronald Batory as Federal Railroad Administrator, the nation’s rail safety watchdog agency.
AAR praises start of Trump infrastructure plan
The Association of American Railroads today said it supports President Trump’s efforts to begin the process of developing infrastructure legislation.
International trade practices “archaic”, says Freightos survey
International trade practices by US importers and exporters are “laughably archaic” say respondents to logistics technology provider Freightos’ latest industry survey. With small businesses accounting for a third of total US imports, “a whopping 50% still rely on spreadsheets to manage shipments”, Freightos said after its survey of more than 500 companies.
Boeing: Air cargo to expand in mid-single digits through 2020
After a steep plunge into negative growth in mid-2016, world air cargo traffic rebounded sharply last year and is on course for 4.2 percent average annual tonnage gains through 2020. The pace is currently outracing cargo belly and freighter capacity, improving yields for carriers, and creating space shortages for shippers. That is essentially the snapshot […]
Port Tracker report expects decent gain in imports for first half of 2018
A strong wind is expected to continue blowing on the economic seas in the first half of 2018 but could recede for the full year, based on the most recent edition of the Port Tracker report, which was released late last week by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.
In Depth: Complete Transformation of How Ports Operate Imminent
A complete transformation of how ports operate is on the horizon, according to Bret Greenstein, Vice President of Watson Internet of Things (IoT), Consumer Offerings, IBM. Over the past few years, IBM has partnered up with industry majors such as Maersk Group and CMA CGM in order to digitize their ways of doing business.
Oil Jumps Most This Year as Buildup Slows in U.S. Storage Tanks
Crude climbed the most since December as a recent buildup in U.S. storage tanks and terminals appears to be slowing down. Futures gained 2.4 percent in New York on Wednesday after a government report showed American oil inventories rose by 1.84 million barrels last week. That was lower than all but two of 11 estimates […]
CPI, Retail Data Not Pretty But May Overstate U.S. Economic Pain
Faster-than-projected U.S. inflation and an unexpected decline in retail sales at the start of the year may cause some indigestion on Wall Street, but probably don’t mean much pain for the economy.
Home Depot and Lowe’s Are Hiring 130,000 Temps for the Spring Rush
What the Black Friday to Christmas rush is to most retailers, spring is to home improvement retailers like The Home Depot and Lowe’s. The Home Depot said on Wednesday it would hire 80,000 season workers for its peak season, equivalent to adding 20% to its workforce, while Lowe’s said last month it would hire 53,000 […]
Trump Ready to Release Infrastructure Plan Monday, Official Says
A new report said President Trump will release his infrastructure proposal on Feb. 12. At last month’s State of the Union address, Trump called on Congress to pass a bill of at least $1.5 trillion and to ease the regulatory review process for infrastructure projects.