The seasonally adjusted For-Hire Truck Tonnage Index equaled 144 for the month, an all-time high for the index and an 8.6 percent increase compared with February 2015, according to the American Trucking Associations.
The Port of Houston is retaining a large chunk of the cargo that was diverted its way last year by shippers seeking to avoid congestion at West Coast ports that resulted from contentious dockworker contract negotiations.
Major freight railroads in the United States employed 154,212 workers as of the middle of February, down 1.53 percent from the previous month and 10.44 percent year-over-year, according to data from the Surface Transportation Board.
Norfolk Southern Corp. plans to spend $8.2 million to expand its headquarters in Norfolk, Va. as part of an overall plan to consolidate its corporate offices, according to a statement from Virginia Gov. Terry McAuliffe.
The parcel giant is expanding a ground facility next to Ontario International Airport after recently adding a facility to handle express air parcels.
The Dubai, United Arab Emirates-based terminal operator expanded its terminal at the Port of Melbourne by 30,000 square meters, increasing the terminal’s handling capacity to 1.4 million TEUs a year.
Maersk’s third-party logistics subsidiary entered into a five-year partnership agreement to be Bettenwelt’s sole inbound logistics partner for shipments from Asia to Germany and Spain.
The German container carrier attributed its swing to a $127.5 million profit in 2015 from a $675.6 loss in 2014 to the merger with Chilean carrier CSAV, internal cost-cutting, and lower external costs, including a big drop in fuel prices.
APL expects to benefit from CMA CGM’s decision to maintain its longtime brand.
Technology aims to help truckers benefit from automated payment.
It’s Not My Problem: How Companies Should View Their Trade Compliance Responsibility in Outsourced Arrangements.
TRAXENS seeks to make its container-tracking technology an industry standard.
FASTLane provides $800 million in new freight transportation infrastructure grants.
Establishing landed costs for the products that a company handles can be difficult and convoluted. All businesses that import or export need to understand what the total cost of goods is for what they are buying or selling. In order to accurately calculate the landed cost, all factors beyond the obvious primary price must […]
We all love and hate comparisons—we love when they’re made about others and hate when they’re made about us. That is why it’s so interesting to throw out the following two comparisons about the freight transportation industry and watch people try to explain why they just don’t work: • The ocean shipping industry and the […]
The polarized state of American politics these days makes it difficult at the federal level to address the nation’s crying needs. Things are so bad that even well-meaning politicians dare not look like they’re compromising or negotiating in good faith with members of the other party for fear of being accused of selling out core […]
Last month, this column examined the possibility of a merger between struggling South Korean shipping conglomerates Hanjin Shipping and Hyundai Merchant Marine (“Who’s next for liner M&A?,” page 30). Mentioned in that discussion was the fact that almost any consolidation on the part of major ocean carriers will, by definition, affect far more than just […]
With suppliers worldwide competing for the same deals, global markets have never been as competitive as they are today, and this competitiveness is constantly accelerating. In this environment, it is crucial for multinationals to use all available sources of cost advantage. Free trade agreements (FTAs) are one such source. Problem is, too many multinationals aren’t […]
Persistently weak export growth is an obstacle to U.S. economic growth and prosperity. Workers displaced by substitution of foreign-produced goods for domestic production should find employment in export-oriented industries. Unfortunately, employment growth over the last 15 years has been below long-term average growth rates. Due to its position as the world’s largest economy, anything that hamstrings […]
Undoubtedly, you’ve seen trucks carrying oversize loads accompanied by “pilot” or “escort” cars decked out with flags and caution signs. The lead car generally has a pole that is several inches higher than the load. If the pole strikes an overpass, wire or other obstruction, then the driver can radio the truck driver to pull […]
