As the US economy expands and freight demand picks up, there is one nagging issue keeping trucking executives awake at night: who will drive their trucks and haul the freight? Executives from a variety of companies, truckload and less-than-truckload, say it is getting harder to find drivers. The latest US employment data in part support […]
Trucking experts are not quiet about the technological disruption happening in the industry – from the move to alternative fuel powertrains to self-driving big rigs, digitally tethered to one another in specially designated lanes. One gear in particular will set this future in motion: logistics.
The crush of e-commerce freight is causing strains on last-mile capacity. Uneven shipping patterns are causing freight forecasts to be wrong as often as correct. Inventory-to-sales ratios are falling as manufacturers abhor keeping excess inventory for very long
As the deadline – Dec. 18 – for the mandatory use of electronic logging devices draws near, the Federal Motor Carrier Safety Administration is offering several opportunities to learn exactly what’s required. FMCSA personnel will hold information meetings across the country to discuss with drivers what’s expected of them and the equipment. Experts will be […]
Surely you’ve already heard about Amazon’s latest move. On June 16, Amazon announced that they were buying grocery chain, Whole Foods, for $13.7 billion. This acquisition has huge implications for not just the food delivery industry, but the delivery industry in general.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 1, 2017, as well as volumes for June 2017. U.S. railroads originated 1,065,976 carloads in June 2017, up 4.4 percent, or 45,174 carloads, from June 2016. U.S. railroads also originated 1,113,575 containers and trailers in June 2017, up 4.6 […]
The fee that terminals at the ports of Los Angeles and Long Beach charge for moving cargo during daytime hours Monday through Friday is about to go up. On Aug. 1, the Traffic Mitigation Fee (TMF) at the adjoining Southern California ports is increasing by 2.3 percent, according to the West Coast MTO Agreement, which […]
Airfreight rates on major routes out of Asia continued to climb in June as demand to and from the region surges. The latest statistics from Tac Index show that average airfreight prices from Hong Kong to the US reached $3.27 per kg in June, an increase of 38.6% compared with the same month last year. […]
Despite data by Asian carriers of a solid 12.2 percent increase in volumes and a 4.7 percentage-point increase in freight load factors (FLF) for the month of May, Drewry’s East-West Airfreight Price Index dropped by 3.1 percent, month-over-month, in May on Asia-to-North America routes.
Container shipping is fast becoming a carriers’ market and with the extra pricing power gained by industry consolidation and the better supply-demand fundamentals, there is little likelihood of carriers returning to the profitability-destroying rate wars of early 2016
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