There is a lot of work being done behind the scenes involving some of the biggest names in and out of transportation, when it comes to driverless vehicles and trucks.
BCOs move toward LTL as intermodal rates rise on box scarcity
A growing shortage of ocean containers is raising the cost of getting goods inland and putting more freight into less-than-truckload (LTL) networks closer to ports, trucking companies say. The amount of ocean freight transloaded into domestic trailers as well as intermodal containers long has been growing, but costs associated with repositioning containers are speeding the […]
ATA Announces First Annual Economic Summit
American Trucking Associations announced it will be hosting the first annual ATA Economic Summit July 20 in Arlington, Va., for its motor carrier and private fleet members. The Summit will bring together chief economists from several trade associations for an outlook on their respective industries, spanning from manufacturing to construction to retail. Attendees will gain […]
AAR Reports Weekly Rail Traffic for the Week Ending March 4, 2017
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending March 4, 2017. For this week, total U.S. weekly rail traffic was 521,607 carloads and intermodal units, up 1.8 percent compared with the same week last year. Total carloads for the week ending March 4 were 262,743 carloads, up 6.3 […]
How Slipping Oil Prices Are Hurting the Global Reflation Rally
The global market rally is facing a familiar nemesis: feeble oil prices. In the latest blow, Saudi Arabia announced Tuesday that it raised output back above 10 million barrels a day in February — reversing about a third of the cuts made the previous month — sending crude to the lowest level since late November. […]
Fed Raises Benchmark Rate as Inflation Approaches 2% Target
The Federal Reserve raised its benchmark lending rate a quarter point and continued to project two more increases this year, signaling more vigilance as inflation approaches its target.
CEOs Are Really Optimistic About the Economy
Chief executives at some of the largest U.S. companies are increasingly optimistic about the future of the economy. According to The Business Roundtable’s CEO Economic Outlook Index, as cited by Bloomberg, the optimism among 141 CEOs increased 19.1 points in the first quarter to 93.3-the largest jump since the last three months of 2009. The […]
U.S. hopes to launch NAFTA talks in just over 90 days: Ross
U.S. Commerce Secretary Wilbur Ross said on Friday that he hopes to launch formal talks to renegotiate the North American Free Trade Agreement with Canada and Mexico in a little over three months, setting in motion a campaign promise made by President Donald Trump.
Industrial demand drives up US spot truckload rates
Those looking for a trigger for higher US truck rates may find one in the spot market. US spot truckload rates shot up in early March, after weeks trailing higher freight volumes. Dry van spot rates rose in 56 of the 100 top truckload lanes, DAT Solutions said, led by outbound rates from Memphis, Tennessee, […]
OECD Sees Lots to Worry About in the Global Economic Outlook
The global economy may not be strong enough to withstand risks from increased trade barriers, overblown stock markets or potential currency volatility, according to the Organisation for Economic Cooperation and Development. While forecasting a pickup in growth this year and next, it said the pace is still too slow and warned there’s much that could […]