Economy Archives - Page 53 of 145

Shippers, 3PLs agree on US truck capacity, but not rates

US shippers and logistics service providers (LSP) expect significant change in truck capacity and pricing next year, but they are far from agreeing on the extent of that change. LSPs expect much sharper and broader rate hikes and a greater negative impact from the electronic logging device (ELD) mandate than shippers, according to a survey […]

Driver pay expected to increase along with carriers’ rates

An expert on truck driver pay and a report from a major investment firm agree that market conditions appear to be setting the stage for improvements in trucker compensation. With the trucking economy ripe for a capacity crunch in the coming months and rates trending upward, carriers increasingly will turn to pay increases and bonuses […]

Truckers Take to Social Media to Get Trump’s Attention on ELD Mandate

Independent truckers are trying to get President Trump’s attention in the hopes that he will halt or delay the pending electronic logging device mandate before its Dec. 18 implementation deadline.

Weekly Rail Traffic for the Week Ending November 4, 2017

The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending November 4, 2017. For this week, total U.S. weekly rail traffic was 538,739 carloads and intermodal units, down 0.8 percent compared with the same week last year. Total carloads for the week ending November 4 were 266,652 carloads, down 1.7 […]

Analysis: Signs point to capacity crunch in domestic containers

Buried in the generally favorable intermodal numbers for September from the Intermodal Association of North America was an attention-getter: revenue moves occurring in domestic containers came in only 0.7 percent ahead of the prior year. The gain pales in comparison with more than 12 percent growth for trailer-on-flat-car (TOFC) 53-foot trailers and reported American Trucking […]

Air freight may be project cargo’s most volatile move

Even without the threat of natural disasters, the shipment of outsized or heavyweight air freight has always demanded agility, speed, and quick thinking from forwarders, charter brokers, and carriers. The inherent complexities, coupled with economic and market forces, make project air freight possibly the most volatile, challenging, and least understood niche in global logistics. Air […]

American Airlines adds third non-stop Beijing connection

American Airlines (AA) has launched daily non-stop B787-7 Dreamliner flights between Los Angeles and Beijing – its third direct link with the Chinese capital. AA also flies to Beijing from Chicago and Dallas.

America’s “Retail Apocalypse” Is Really Just Beginning

The so-called retail apocalypse has become so ingrained in the U.S. that it now has the distinction of its own Wikipedia entry. The industry’s response to that kind of doomsday description has included blaming the media for hyping the troubles of a few well-known chains as proof of a systemic meltdown. There is some truth […]

Xi Jinping, Donald Trump oversee signing of US$253 billion in trade deals

Chinese President Xi Jinping and his US counterpart Donald Trump witnessed the signing of deals worth US$253 billion on Thursday, making the US head of state’s visit to China one of the most fruitful for Chinese and US businesses in terms of the value of agreements struck.

Japan says TPP trade deal talks ‘agree in principle’

Talks on pushing ahead the Trans Pacific Partnership (TPP) trade deal without the United States reached a critical point on Thursday as ministers from the 11 countries discussed a proposed agreement in principle. Clear agreement on proceeding without the US would be a boost for the principle of multilateral free trade pacts over the bilateral […]