Mexican gasoline prices will rise by as much as 20.1 percent next month compared to the highest recorded prices in December, the government said on Tuesday, as part of a program to end years of government-set prices at the pump. Diesel will rise 16.5 percent, with an average price of 17.05 pesos per liter.
Boeing expects China to become its first trillion-dollar market. It projects the country would need more than 6,000 new commercial airplanes to accommodate its expanding aviation needs for the next two decades. In 2016, China bought 164 airplanes from Boeing, amounting to about $11 billion, and making the country its largest customer. Boeing hopes to […]
For this week, total U.S. weekly rail traffic was 538,932 carloads and intermodal units, down 1.1 percent compared with the same week last year. Total carloads for the week ending December 10 were 259,058 carloads, down 4.3 percent compared with the same week in 2015, while U.S. weekly intermodal volume was 279,874 containers and trailers, […]
For more than 180 years, railroads have united a nation, revolutionized transportation, and catalyzed economic development. Today, freight railroads connect thousands of American communities to the global economy and operate the most efficient and cost-effective freight rail system in the world.
Intermodal pricing increased 0.3 percent for the month compared with the same 2015 period, just the second year-over-year increase since December 2014, according to the latest Cass Intermodal Price Index.
Two transportation modes – rail and air – carried more U.S. freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in September 2016 compared to September 2015 as total freight on all modes decreased 2.3 percent to $91.1 billion in current dollars.
Pending the United States Senate confirming a “full slate” of board members appointed by President-elect Donald Trump to the United States Surface Transportation Board (STB), the Association of American Railroads (AAR) said last week that the STB should take a pause on its various planned regulatory proposals.
The US economy may be expanding at a faster pace, if the latest quarterly economic data prove true, but that acceleration has yet to spur much, if any, increase in freight rates. Shippers moving freight throughout the US are enjoying the kind of pricing power they usually hold during recessions, thanks to a thick layer […]
The Association of American Railroads (AAR) today reported weekly U.S. rail traffic, as well as volumes for October 2016. Carload traffic in October totaled 1,066,994 carloads, down 5.1 percent or 57,800 carloads from October 2015.
Total intermodal volume fell in the third quarter of 2016, according to an Intermodal Association of North America quarterly report. Intermodal trailer volumes fell by 26.9% and international shipments fell 6.7%, which contributed to the 4.6% overall loss for the quarter. The domestic container business gained 3.3%, which helped to offset the losses.
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