Friday, March 25, 2016
The Department of Transportation’s Bureau of Transportation Statistics (BTS) recently reported that that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico dropped 7.7 percent on an annual basis in January to $82.4 billion.
Posted on 03/25 at 09:34 AM
Carloads were down 17.2 percent compared to the same week last year at 235,390 carloads, and intermodal containers and trailers were down 10.7 percent annually at 248,073.
Thursday, March 24, 2016
The Panama Canal Authority (ACP) has announced that the Panama Canal Expansion will be officially inaugurated on Sunday, June 26, 2016 – two years beyond the original deadline.
For January, the most recent month for which data is available, the SCI was 4.3, topping December’s 3.0, and November’s -0.6 (which was an improvement over October’s -3.1). FTR said these recent tallies reflect how favorable market conditions from 2015 continued into 2016, adding that capacity is now sufficient to meet current market demands. But it added that the SCI is expected to turn negative as the year moves on, due to concerns about expected capacity shortages in 2017.
Posted on 03/24 at 11:03 AM
According to the Freight Analysis Framework (FAF) study from BTS and FHWA, freight tons moving on the United States’ transportation network are pegged to grow 40 percent over the next three decades to 25 billion tons, with the value of freight expected to rise 92 percent to $37 trillion.
Posted on 03/24 at 10:12 AM
Shipping losses continue their long-term downward trend with 85 total losses reported worldwide in 2015, according to the Allianz Global Corporated & Specialty (AGCS) fourth annual Safety and Shipping Review 2016.
Statistical evidence highlights impact of capital investment and educated labor on productivity performance.
Posted on 03/24 at 08:54 AM
Wednesday, March 23, 2016
CrossBorder is the former Bongo International, a provider of cross border enablement technologies and solutions, whom FedEx acquired in December 2014. FedEx said that this announcement reflects its investment in expanding its international e-commerce offerings.
Full import containers through the Port of Oakland leaped 89.7 percent in February 2016 compared to the same month last year, demonstrating that the gateway continues its cargo recovery from the contract dispute extending to 2015.
UPS said this week it has added a new sorting facility and expanded its existing building at the California-based Ontario International Airport. Company officials said that the new sorting facility will process urgent, time-definite UPS Next Day Air packages and include automated sorting capabilities, with the ground sorting facility to be retrofitted with automated sorting systems and double the package processing capacity per hour (UPS would not disclose the amount of packages processes per hour, due to competitive reasons).
Posted on 03/23 at 10:00 AM