The Long Beach Board of Harbor Commissioners has approved a US$748 million budget for the Port of Long Beach in the next fiscal year, with more than 60 percent set aside to continue its modernization program.
Oil Extends Longest Rally This Year as U.S. Drilling Slows
Oil extended the longest run of gains this year, closing above $47 a barrel, as U.S. drilling slowed after a record expansion. West Texas Intermediate futures rose as much as 2.3 percent in New York, adding to an 8.3 percent gain the previous seven sessions. Meanwhile, Brent, the global benchmark, is posting the longest rally […]
Manufacturing Pickup Signals Boost to U.S. Economic Growth
American factories powered up in June at the fastest pace in nearly three years, with robust advances in production, orders and employment that indicate a firming in the economy, data from the Institute for Supply Management showed Monday. Faster growth in orders and production in the final month of the quarter indicates solid demand that, […]
U.S. factory orders fall; core capital goods orders revised up
New orders for U.S.-made goods fell more than expected in May, but orders for capital equipment were a bit stronger than previously reported, suggesting the manufacturing sector remained on a moderate growth path. Factory goods orders dropped 0.8 percent, the Commerce Department said on Wednesday after a revised 0.3 percent decline in April. It was […]
E-commerce “cold war” seen disrupting logistics
Disruption is headed for transportation, but not from, as many expect, high-technology startup companies. Amazon increasingly is disrupting logistics from first to last mile, and transportation, logistics, and technology executives at the SMC3 2017 Connections Conference here this week are racing to identify the resulting threats and opportunities. (This article requires a subscription to the […]
ELDs: In July, FMCSA to Hold Live Q&A Sessions on New Rule
The Federal Motor Carrier Safety Administration has announced that in July, it will hold two live question-and-answer sessions about electronic logging devices. The hour-long sessions will enable participants to submit ELD-related questions to be answered by FMCSA’s ELD subject matter experts.
US truck demand rising but freight haulers changing
Freight volumes, and total shipping costs, appear to be rising in the United States, as summer retail demand kicks in and ongoing industrial expansion gradually puts more shipments into tractor-trailers. However, more freight appears to be flowing through e-commerce channels, to the disadvantage, perhaps, of traditional truckload haulers, as online shopping and “free shipping” continue […]
AAR Reports Weekly Rail Traffic for the Week Ending June 3, 2017
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending June 3, 2017, as well as volume for May 2017. U.S. railroads originated 1,286,075 carloads in May 2017, up 8.4 percent, or 99,290 carloads, over May 2016. U.S. railroads also originated 1,339,417 containers and trailers in May 2017, up 4.6 […]
2017 Rail/Intermodal Roundtable: Volume stable, business steady
While the overall economic outlook may be best described as “inconsistent,” the railroad and intermodal market sectors have both witnessed consistent growth for the most part-especially over the last decade. In fact, in terms of volumes, these two vital freight transportation markets are ahead of where they were just a year ago at this time.
Delta and Aeromexico launch US-Mexico cargo partnership
Delta Air Lines Cargo and Grupo Aeromexico Cargo are teaming up on the cross-border US-Mexico trade under a flight and trucking partnership. After the two overall airlines announced a US-Mexico partnership deal last month, the carriers will expand the partnership to their cargo divisions to create “a bigger, better cargo operation” between the US and […]