The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 6, 2018. For this week, total U.S. weekly rail traffic was 415,862 carloads and intermodal units, down 4.6 percent compared with the same week last year.
United States rail carload and intermodal volumes both saw rebounds in 2017 compared to 2016, according to data issued this week by the Association for American Railroads (AAR).
Airfreight rates ended the year on a high, but indications are that pricing slowed towards the end of the year in line with the Christmas slowdown. The latest airfreight rates from TAC Index show that rates on services from Hong Kong to North America and Hong Kong to Europe increased in December.
Container shipping companies are bracing for a challenging year — they will have more space available for carrying goods than the amount of cargo that’s out there. Corrine Png, chief executive officer of research firm Crucial Perspective, estimates freight-carrying capacity on container ships will rise 5.9 percent this year, outstripping demand growth for the first […]
Two readings of the nation’s manufacturing sector showed solid increases in December with one showing the strongest growth in nearly three years while another report showed construction spending hit a record high. Economic activity in the manufacturing sector expanded in December for the 16th straight month and the overall economy grew for the 103rd consecutive […]
The Bank of Canada (BoC) is likely to raise interest rates again when it makes its next monetary policy announcement on Jan. 17, according to economists at Canada’s big banks. Increasing the chances of another rate hike is the upbeat tone of the latest quarterly release of the so-called Business Outlook Survey, a closely watched […]
The value of freight moved between the U.S. and its North American Free Trade Agreement partners posted its 12th consecutive year-over-year increase in October, according to newly released Transportation Department figures. The 7.9% increase from October 2016 put the value at $100.6 billion as all five major transportation modes carried more freight by value with […]
The electronic logging device (ELD) mandate is here, and there are still a lot of unknowns that go along with it. The industry is still waiting to see how the mandate will really impact capacity, rates, productivity, and, of course, the growing truck driver shortage.
2018 could be a defining year for global ports industry, according to the international law firm Ince & Co, which has advised port operators to expect a year of transformation. The transformation will be driven by shifting economic trends, trade flows and global demographic patterns, in tandem with changes in port ownership and ongoing investment […]
Capacity, not price, is king once again, at least temporarily, as shippers sweat to find and secure space for their freight on highways and rails in 2018. Beyond normal seasonal fluctuations, there is little sign elevated freight demand will subside soon. As a result, expect calls for collaboration throughout the supply chain, but especially between […]
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