When news broke last week regarding the Chines government’s decision to devalue, its dollar, known as the Yuan, by nearly two percent, it sent a ripple throughout the global economy in a few different ways.
Widespread inventory ‘de-stocking’ softens US freight markets
An inventory correction or “de-stocking” is under way in the U.S., as manufacturers and retailers attempt to whittle down inventories of components and goods. That corrections is cutting into freight volumes moving by rail and on highways this summer, as shippers pull from existing stocks before placing new orders, sources told JOC.com. (This article requires […]
Retailers struggle to balance inventories as online sales grow
An empty shelf in a big box store may be a retail logistics manager’s worse nightmare, but it’s not the only one. An empty warehouse rack or shelf may be just as bad, especially if that warehouse ships e-commerce orders. (This article requires registration at the Journal of Commerce. To access, please click on the […]
Senate DRIVE Act would keep some CSA scores from public view, OK hair testing
One might say the Senate was “driven” Thursday night, working over its allotted hours and passing the House’s $8 billion, three-month extension (HR 3236) and a measure of its own, H.R. 22, the DRIVE Act, which contained a provision to cut CSA percentile scores from public view.
ISM reports a slow growth month for manufacturing in July
Even with a slight decline from June, the July edition of the Institute for Supply Management’s (ISM) Manufacturing Report on Business still showed growth.
While No Cure-All, Possibility of Driverless Trucks Offers Hope for Truck Driver Crisis
Some of the world’s biggest corporations – Apple, Google, Daimler-Benz and countless others – are behind the fast-moving technology that is pushing driverless vehicles.
US truck tonnage falls on high inventory levels
Truck tonnage dropped in June, and didn’t climb as much as previously thought in May, as high inventory levels dampened truck demand, according to the American Trucking Association. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
US freight shipments slow, shipper spending rises in June
Freight shipments within the U.S. slowed in June, rising only .02 percent from May, after climbing 2.3 percent that month, according to the latest Cass Freight index. Freight payments by shippers rose 2.4 percent last month, compared with 1.5 percent and 1.6 percent in May and April. (This article requires registration at the Journal of […]
Intermodal pricing slipped in June as US truckload rates rose
Contract truckload rates increased year-over-year and month-to-month in June, as truckload carriers benefited from shipper concerns about capacity, according to Cass Information Systems. (This article requires registration at the Journal of Commerce. To access, please click on the above link)
House passes short-term transportation funding measure
The House of Representatives yesterday passed the 34th short-term extension in six years of federal surface transportation funding.