The U.S. Government Accountability Office (GAO) said in a report issued Friday that cargo preference for food aid (CPFA) requirements increased the overall cost of shipping food aid by an average of 23 percent between April 2011 through fiscal year 2014, or $107 million over what the cost would have been had had cargo preference […]
Certain shippers tapping southbound U.S. – Mexico intermodal services offered by Schneider National won’t have to wait on protracted clearance processes at the border, thanks to new streamlined customs processes announced Tuesday. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
The surge in cargo volume that major U.S. East Coast container ports have experienced this year at the expense of their West Coast counterparts has come mostly from large shippers because smaller companies can’t afford to alter their supply chain network, according to one logistics expert.
Prices paid by American households declined in August as cheaper gasoline helped keep inflation below the objective of Federal Reserve policymakers.
Heralding the larger ships cascading into the trans-Pacific trade, the CMA CGM Callisto, the largest container ship ever to call Puget Sound, arrived Tuesday at Terminal 18 in Seattle.
Appleton, Wis.- U.S. Oil, the petroleum and renewable energy distribution division of U.S. Venture, Inc., announced today that it has acquired a refined products terminal in Indianapolis, Indiana. The new terminal adds 410,000 barrels of capacity and expands U.S. Oil’s existing distribution network to 21 terminals in North America.
U.S. construction spending rose to the highest level in more than seven years in July, suggesting that the housing market and business investment can help underpin economic growth amid turbulence outside American borders. (This article requires a subscription with The Wall Street Journal. To access, please click on the above link.)
Heavy truck accidents account for 3,800 fatal crashes a year, 3,900 deaths annually, 100,000 injuries, and 13% of all traffic fatalities. That’s according to Daniel Blower, an associate research scientist at the University of Michigan’s transportation Research Institute.
With freight tonnage increasing in July, and the fall peak shipping season looming, trucking companies are readying another round of truck driver pay increases. Freight demand may not be as strong as a hear ago, but the need to secure drivers remains a key pressure point in discussions of truck capacity and truck pricing. (This […]
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.
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