Without question, the dominant theme within the trucking community during 2017 was electronic logging devices (ELD). The ELD mandate – now in effect – has been a controversial, even contentious, topic throughout the industry for several years. And if you’re concerned about the changes and challenges that lie ahead, you’re not alone. According to our […]
Trucking in 2017: Major fleet merger, 34-hour ‘restart rollback,’ anti-regs push, ELD compliance highlight busy year
2017 started with President Donald Trump being sworn into office in January and ended with the electronic logging device mandate going into effect in December. In between those two major events were plenty of headlines regarding both, along with other stories that affected the trucking industry in 2017, including the end of the Safety Fitness […]
Weekly Rail Traffic for the Week Ending December 23, 2017
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending December 23, 2017. For this week, total U.S. weekly rail traffic was 551,566 carloads and intermodal units, up 11 percent compared with the same week last year. Total carloads for the week ending December 23 were 270,356 carloads, up 10.8 […]
Airfreight rates in dramatic peak season rise, states Freightos
Against a background of IATA’s estimated 9.3% growth in world cargo volumes for 2017, airfreight rates have been dramatically up this peak season, reports online platform Freightos. Freightos stated: “While some rates have eased recently, others are heating up. Most US airlines canceled 7-10 scheduled flights coming in from China between December 22-30, especially those […]
APMT: North American Ports Must Adapt to Changes
North American ports need to adapt to changes in customer demand and future industry trajectory, according to port and terminal operator APM Terminals.
Oil Resurrection Sets Stage for Another OPEC-Shale Clash in 2018
Oil continued its revival from the biggest crash in a generation, with prices set for a second annual gain after a year marked by hurricanes, Middle East conflict and the tussle between OPEC and U.S. shale.
This is just the start of companies handing out bonuses, raising wages and increasing spending
Expect a stampede of companies handing out bonuses, raising pay, spending on capital projects and giving to charities, with the windfall from the massive corporate tax cuts passed Wednesday. In the hours after Congress approved the GOP tax cut plan, a handful of companies jumped to announce plans to share some of the proceeds on […]
Will the Stock Market Crash in 2018? Here’s What Wall Street Predicts
With an unexpectedly stellar year for stock markets behind us, it’s hard not to entertain an underlying fear: When will the crash come? Not in the next 12 months, according Wall Street’s 2018 stock market predictions. According to most major Wall Street firms, the U.S. equity market is in for yet another year of strength-albeit […]
Loonie droops as Canada’s growth misses the mark
Canadian economic growth unexpectedly paused in October as a decline in oil and gas extraction offset gains in the wholesale trade and retail sectors, data from Statistics Canada showed on Friday. The unchanged reading for gross domestic product was short of economists’ forecasts for a gain of 0.2 per cent following September’s unrevised 0.2 per […]
Tech Giants Dominate 2017 JUST 100 List of Top Corporate Citizens
JUST Capital, a nonprofit research organization focused, and Forbes have released the 2017 edition of the JUST 100 List, which ranks publicly traded companies in the US on their performance to act on the priorities of the public. The rankings are based on comprehensive surveys conducted on public attitudes towards corporate behavior, involving 10,000 respondents […]