Oil companies have a knack for picking the bottom in crude prices, and history may be about to repeat itself. Traders and analysts are speculating that Royal Dutch Shell Plc’s takeover of BG Group Plc for $70 billion announced Wednesday may be the first in a wave of acquisitions as Big Oil seeks to drive […]
Talk to freight locomotive manufacturers, and they’ll tell you that increased demand for operator safety and operational efficiency are driving today’s innovations. They’ll also say they are continuing to develop environmentally friendly generator sets (GenSets) and testing the viability of liquefied natural gas (LNG) technology. Moreover, they’re testing and fine-tuning units that comply with the […]
It’s a tough time to for shippers, trucking companies or logistics managers to be in the business of forecasting the prices of crude oil or diesel fuel.
The United States Department of Transportation (DOT) introduced The GROW AMERICA Act, a six-year, $478 million transportation reauthorization bill yesterday. Specific components of the GROW AMERICA act include: $317 billion towards the nation’s highway and road safety, which will increase the amount of highway funds by an average of about 29 percent above FY 2015 […]
The slowdown that North American railroad companies had been bracing for in crude oil shipments has turned into a rout, with volumes falling faster than executives had predicted. With energy companies scaling back drilling after prices for the commodity fell about 50% since July, industry executives and analysts anticipated that demand for hauling crude and […]
The average flatbed rate on the spot market picked up a little more steam while rates in the other two sectors remained stable as both the number of loads to move and truck capacity increased. According to DAT Solutions network of load boards, flatbeds increased 1.4% the second week of the month compared to the […]
Intermodal rail traffic fell in February, according to new figures released on Wednesday by the Association of American Railroads. U.S. railroads originated 929,395 containers and trailers during the month, down 6.5%, or 64,384 units, from the same month last year.
(This article requires registration at the Journal of Commerce. To access, please click on the above link.) Shippers can expect domestic rates to spike within the next month as U.S. West Coast ports regain productivity and shippers rush to move containers long delayed by labor contract negotiations, an intermodal pricing index provider said Tuesday.
Expected post-Lunar New Year cargo growth will accelerate equipment, cargo handling and other costs going forward. While the full impact on ocean carrier deployments to U.S. West Coat ports has yet to be measured, major players comprising the Transpacific Stabilization Agreement (TSA) are standing firm on raising rates.
Railroad companies are struggling to keep up with surging U.S. demand for trucks and sport utility vehicles, frustrating Ford Motor Co. and Toyota Motor Corp. and prompting Warren Buffett to boost investments at his rail unit. The shortage of rail cars is particularly acute for double-deckers big enough to fit taller trucks and SUVs stacked […]
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