After much anticipation, “a trucker’s market” is due to finally arrive in 2018, says Stifel Nicolaus trucking analyst John Larkin, although he cautions that supply and demand is tight across the industry as the domestic economy continues to grow at a slow, steady pace.
The concept of self-driving, or autonomous, trucks continues to receive more heightened attention. And that is for a variety of reasons, including the difficulty carriers are having in filling trucks with drivers, an aging workforce for active drivers in the market, as well as the impact of fuel on over all trucking costs, among others.
U.S. railroads moved 554,066 carloads and intermodal units in the week ending Nov. 18, a 1.2 percent increase compared with the same week last year, according to the Association of American Railroads (AAR). Total carloads for the week declined 1.6 percent to 266,927 units, while the number of intermodal containers and trailers rose 3.9 percent […]
There was “healthy growth” in international air cargo, said the Association of Asia Pacific Airlines (AAPA) in its preliminary traffic figures for October. Reflecting the sustained upturn in global trade for consumer and intermediate goods, Asia Pacific airlines saw international air cargo demand, in freight tonne kilometres (FTK), increase by 5.8% in October above the […]
Air cargo operators and logistics services providers are heading into the Black Friday weekend shopping frenzy at the end of a year, which has filled all available air cargo capacity, more than doubled freight rates, and given a healthy boost to the plane charter business. All expectations are that today’s Black Friday, Cyber Monday at […]
The Georgia Ports Authority welcomed the arrival of four massive ship-to-shore cranes at the Port of Savannah’s Garden City Terminal on November 22, 2017. The four cranes passed River Street in Savannah on their way to Garden City Terminal, sailing under the Talmadge Bridge. The new cranes, which bring the Port of Savannah’s fleet to […]
A shopping spree by two billionaires is shaking up a shipping industry still recovering from years of falling rates and overcapacity. Jacques Saade’s CMA CGM SA, the world’s third-largest container line, announced an order for nine massive vessels in September, after a year of tepid sales for new ships. Within days, Gianluigi Aponte’s Mediterranean Shipping […]
More than 174 million U.S. shoppers made purchases over Thanksgiving weekend and Cyber Monday, the National Retail Federation said on Tuesday, beating the industry group’s expectations and signaling a strong start to the holiday quarter.
U.S. consumer confidence unexpectedly improved in November to a fresh 17-year high, a sign Americans are growing more confident about the economy and labor market, according to figures Tuesday from the New York-based Conference Board.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending November 25, 2017. For this week, total U.S. weekly rail traffic was 463,602 carloads and intermodal units, up 2.4 percent compared with the same week last year. Total carloads for the week ending November 25 were 230,326 carloads, up 0.2 […]
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