Ever wonder how big the trucking industry is? Well, let’s turn to the the latest edition of ATA American Trucking Trends 2017, the annual compendium of data about the trucking industry, which shows that trucking industry revenues in 2016 were $676.2 billion.
The truck productivity hit that many have feared from electronic logging devices (ELD) may not be as severe as thought, but the implementation of the devices may hit the industry hard in other ways. Noel Perry, truck and transportation expert for FTR, told a webinar audience yesterday that spot rates could climb 20% or more […]
With the Dec. 18 deadline for mandatory electronic logging devices (ELDs) quickly approaching, there is concern that a majority of the 3.5 million affected trucks have yet to procure or install the required devices.
Through 2017’s first half, total U.S. carloads rose 4.5 percent and total Canadian carloads climbed 11.8 percent compared with first-half 2016 figures, according to Association of American Railroads data. But the traffic rise in both nations after a prolonged period of declines spanning several years hasn’t yet translated into significantly more rail cars entering Class […]
U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles and lifted discretionary spending, suggesting the economy continued to gain momentum early in the third quarter. Retail sales for June and May also were revised higher, which should help to assuage concerns about a slowdown in […]
Contrary to public perception, U.S. manufacturing and logistics experienced dramatic growth over the past generation, says a study by the Ball State Center for Business and Economic Research (CBER) and Conexus Indiana. U.S. manufacturing production grew 11 percent since the 2000-2003 dot.com bust and ensuing economic turbulence of the 2001 and 2007-2009 recessions, reports Manufacturing […]
If there is indeed a retail apocalypse underway, nobody told The Home Depot. The home improvement chain said on Tuesday that comparable sales rose an astounding 6.6% in the United States in its most recent quarter, propelling the company to its highest quarterly revenue ever.
America’s shale gas production is about to surge 12 percent. Sort of. The Energy Department issued a report Monday estimating that the nation’s prolific shale formations will yield 59.4 billion cubic feet a day in September, a massive jump from the roughly 53 billion projected for August. The difference: The agency began including the more […]
As it indicated in its previous report, data recently issued by San Francisco-based freight forwarding and customs brokerage services provider Flexport in its July 2017 Market Update continues to pinpoint the pairing of rising volumes and rates with Peak Season here.
London Heathrow airport’s cargo traffic grew at an all-time high in July, largely driven by a surge in American Airlines trans-Atlantic shipments. Europe’s fourth-largest air freight hub handled 143,000 tonnes (157,300 tons), resulting in a 10 percent rise in traffic in the first seven months of the year to 966,580 tonnes and a 12-month increase […]
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