A spiraling diplomatic crisis in the Arab Gulf region is already snarling overland logistics along the Qatar-Saudi Arabia border, and regional freight forwarding is running into complications as Emirates and Etihad operations terminating in Doha grind to a halt. Saudi Arabia, the United Arab Emirates, Bahrain, Egypt, Yemen and Libya all announced that they were […]
South Korean shipping company Hyundai Merchant Marine (HMM) has seen a 67% year-on-year rise in its Asia-US volume in April 2017. The company’s volumes jumped from 10,733 TEU/WK to 17,932 TEU/WK in April after HMM formed a strategic cooperation with 2M.
The world’s largest ocean carrier has piloted a program in four countries to offer loan capital to shippers and has recently expanded that facility to importers and exporters to the United States. The program is designed to give Maersk customers an alternative to bank financing for shipping and trade-related services attached to their ocean freight, […]
Oil prices slid nearly 5 percent on Wednesday after the U.S. government reported an unexpected increase in crude inventories, fanning fears that output cuts by major world oil producers have not drained a global glut very much. Crude stocks in the United States grew 3.3 million barrels to 513 million barrels, according to the U.S. […]
Despite record highs in the markets, bad news about consumers has been relentless: malls are closing; consumers have accumulated too much debt; incomes are stagnant. None of this bodes well for future consumer spending and economic growth. This is the established narrative — fairly straightforward, based on well-understood data.
The two nations reached an agreement on Tuesday regarding Mexican sugar exported to the United States. The agreement was seen as a test for both sides before they sit down for much bigger talks on NAFTA, the free trade deal between the U.S., Mexico and Canada. Those talks could begin in August.
A new joint report issued by four European transport groups estimates that between two million to 4.4 million truck driving jobs in the U.S. and Europe could become “redundant” and thus be eliminated in just 13 years if efforts aimed at widely deploying self-driving commercial vehicles are successful.
Hub Group has reached a deal to acquire Estenson Logistics for $306 million, which, if approved, would combine the Nos. 28 and 46 companies, respectively, on the Transport Topics Top 50 list of the largest logistics companies in North America. It also would marry together two asset-owning companies: Hub ranks No. 8 on the Transport […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending May 27, 2017. For this week, total U.S. weekly rail traffic was 548,103 carloads and intermodal units, up 6.7 percent compared with the same week last year. Total carloads for the week ending May 27 were 266,564 carloads, up 8 […]
A freight tunnel across New York Harbor, the expansion of intermodal rail terminals, and a range of track and rail yard upgrades are needed to handle a forecast 35 percent jump in traffic flowing through the New York region by 2040, according to an action plan released last week by the Metropolitan Rail Freight Council. […]
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