BNSF Railway Company announced it recently became the first Class I railroad to join the Blockchain in Transport Alliance (BiTA), comprising more than 200 freight transportation companies working to develop blockchain standards for the logistics industry and the supply chain as a whole.
The International Air Transport Association (IATA) recently released full-year 2017 data for global air freight markets showing that global demand grew by 9.0%. This was more than double the 3.6% annual growth recorded in 2016
Last year ushered in the formation of three major ocean carrier alliances, all with the hope that this dysfunctional transportation sector would at long last begin to find a way to provide shippers with sustainable service while managing to keep its capacity in check.
Global schedule reliability deteriorated to 74.5% in 2017, dropping by 8.4 points from 82.9% in 2016. SeaIntel Maritime Analysis said. Taiwanese container carrier Wan Hai was the most reliable carrier in 2017, with schedule reliability of 81.0%. Hamburg Süd and Evergreen followed close behind with on-time performance of 79.7% and 79.1%, respectively.
The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil. Yet, in a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly […]
U.S. employers added a robust 200,000 jobs in January, and wages rose at the fastest pace in more than eight years, evidence of a healthy job market. The pay gains suggest that employers are increasingly competing for a limited pool of workers. Raises stemming from Republican tax cuts and minimum wage increases in 18 states […]
The housing market in the U.S. has experienced a major uptick over the past two years. In 2016, existing home sales were the strongest they’ve been since 2006. More than a decade after the worst housing crisis in U.S. history, it seems we’re finally in a sustainable recovery period.
After nearly a decade of so-so profits, the $36 billion less-than-truckload (LTL) sector of the trucking industry is poised for impressive-if not spectacular-growth in 2018. Nearly all trucking analysts agree that consistently steady industrial and retail demand, the tightening of overall trucking capacity throughout the industry, and LTL’s special operational niche all are factors in […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 27, 2018. For this week, total U.S. weekly rail traffic was 543,515 carloads and intermodal units, up 4 percent compared with the same week last year. Total carloads for the week ending January 27 were 260,993 carloads, up 1.1 […]
The late Lunar New Year holidays this year may ease the pressure on an air cargo industry that saw severe space constraints on key east-west routes during the end-of-year peak season, frustrating shippers and causing freight rates to hit record highs. At the end of January there are still almost three weeks to go before […]
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