All News Entries
Tuesday, November 25, 2014
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico increased 8.2 percent from September 2013 to September 2014 at $102.2 billion.
Posted on 11/25 at 12:26 PM
NS said that the D&H lines it plans to acquire connect with the NS network at Sunbury, Pa. and Binghamton, N.Y. and give NS single-line routes from Chicago and the southeast U.S. to Albany, N.Y., which is in close proximity to NS’ Mechanicville, N.Y.-based intermodal terminal.
This follows a 1.6 cent decrease last week, which was preceded by a 5.4 gain the week before and stands as the first increase going back to the week of June 23, when the weekly average headed up 3.7 cents to $3.919 per gallon.
Posted on 11/25 at 09:23 AM
Diesel Prices •
Monday, November 24, 2014
BNSF said that its 2015 capital expenditures will be allocated towards various areas of its business, including maintenance and expansion of the railroad to meet the expected demand for freight rail service, with 2015 representing the third straight year BNSF has invested a record annual capital expenditures investment.
While the ongoing labor negotiations between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) ostensibly going from bad to worse, following the ILWU’s announcement late last week that it was halting negotiations from November 20 through November 30, a Congressional group last week penned a letter to PMA and ILWU leadership expressing concern over the state of the negotiations.
Posted on 11/24 at 11:36 AM
Ocean Cargo •
The ongoing themes of tight capacity and carrier pricing power are still in full effect, much to the dismay of shippers, based on the most recent edition of the Shippers Condition Index (SCI) from freight transportation forecasting firm FTR.
Posted on 11/24 at 10:05 AM
Friday, November 21, 2014
Three weeks after initiating a coordinated series of slowdowns that have mired the major West Coast ports of Tacoma, Seattle, Oakland, Los Angeles and Long Beach, the ILWU has pushed away from the bargaining table.
Posted on 11/21 at 09:52 AM
Thursday, November 20, 2014
DHL has released the third edition of its Global Connectedness Index (GCI), a detailed analysis of the state of globalization around the world.
The truck driver shortage is worsening, threatening the trucking industry’s ability to serve the nation’s supply chains. The shortage will almost certainly cause fleets’ costs to increase and shippers’ rate to continue to rise.
Posted on 11/20 at 07:41 AM
Driver Shortage •
Wednesday, November 19, 2014
While U.S. manufacturers and retailers have been bemoaning the ongoing labor/management crisis at West Coast ports, the situation is becoming increasingly dire for U.S. agriculture and forest products exporters.