Monday, June 20, 2011
FTR said the most recent SCI is at -5.4 percent compared to -11.4 in May, which was the worst SCI reading of this current economic cycle. The firm attributed the 6 point improvement to a slowdown in freight demand growth due to a lull in economic activity, as well as ongoing delays in Federal trucking regulations like driver Hours-of-Service (HOS).
Friday, June 17, 2011
As many leading ocean carrier executives have noted recently, sharper shipper expectations are driving disruptive change in the industry
Carload volume—at 290,181—was up 0.3 percent over last year, and ahead of the weeks ending June 3 and May 28 at 273,584 and 288,049, respectively. It was also behind the week ending April 2, which hit 305,905 carloads, marking the highest weekly carload tally since the end of 2008.
Posted on 06/17 at 09:17 AM
Rail Freight •
Thursday, June 16, 2011
Port Tracker is calling for first half 2011 volumes to be up 7.2 percent, just ahead of last month’s 7.1 percent projection. This would be 5 percent better than the first half of 2010. In 2010, the report said there was a total of 14.7 million TEU moved—a 16 percent gain over 2009, which was largely achieved due to 2009’s 12.7 million TEU serving as the lowest annual tally since 2003.
Following a 7 percent gain in shipments from March to April, April to May showed an 8 percent increase at 1,037,365, said Panjiva. The number of global manufacturers shipping to the U.S.—at 147,876 was up 6 percent, matching a 6 percent increase from March to April. Both shipments and manufacturers were down 1 percent, respectively, year-over-year.
Despite the increasingly negative economic headwinds of late, May volumes at the Ports of Los Angeles and Long Beach mostly showed some decent signs of growth.
Wednesday, June 15, 2011
Business logistics costs rose 10.4 percent last year, totaling $1.21 trillion, which is about what American businesses paid for freight transport in 2010, according to the authoritative 22nd annual State of Logistics report released Wednesday.
A Bloomberg report released earlier this week stated that Mexican Economy Minister Bruno Ferrari said his country will sign a formal agreement to end a cross-border trucking dispute with the U.S. as early as this month, setting the stage for the Latin American country to remove punitive tariffs.
Even with some recent moderation in freight volumes and signs of renewed economic weakness, ACT Research, a provider of data and analysis for trucks and other commercial vehicles, said this week that demand is still strong for commercial vehicles.
This new service will connect New England-based shippers to 20 major steamship lines and be operated by American Feeder Lines (AFL). This service will call on the Port’s Conley Container Terminal each week on Tuesday.