E-commerce opportunities on both sides of the Canada-U.S. border are helping TransForce compensate for loss of energy, less-than-truckload volumes.
Spot rates in the eastbound Pacific were flat this week as vessels left Asia filled with consumer merchandise before factories there closed for the annual Chinese New Year celebrations.
Mentions of a recession-like environment from top transportation executives and lackluster growth in domestic and international freight volumes are sparking fears that a U.S. freight recession is upon us that could be a harbinger of something even worse: an outright economic recession.
A round of belt tightening has begun at LTL and truckload carriers as U.S. trucking companies start to shift from cautious optimism about the year ahead to outright caution as the U.S. economy slows to a crawl. Although trucking executives generally expect a stronger second half of the year, “uncertain” at best describes their outlook.
South Carolina-based Southeastern Freight Lines is revamping its business in Canada, replacing an interline partnership with a direct cross-border offering that gives the company more control over door-to-door service.
This spring’s arrival of three post-Panamax cranes at the Port of Gulfport, Mississippi, has been upstaged by a shipyard contract that’s expected to get the port off the hook for repayment of millions of dollars in hurricane relief funds.
UPS, one of the world’s largest transportation firms, is the first major user of North America intermodal rail services to publicly weigh in on the proposed merger of Canadian Pacific and Norfolk Southern railways, saying it opposes the potential tie-up.
After volume rose 2.6 percent year-over-year in 2015, the Santos port authority expects volume through South America’s largest container port to inch up slightly this year, as the recession takes its toll, particularly on trade with its top trade partner, China.
The Port of Oakland Commission Thursday approved a $1.5 million program to help fund night and weekend gates during the next 12 weeks when Outer Harbor Terminals will transition out of the port and its cargo volume is redistributed to other facilities.
DP World on Friday unveiled a plan to invest $1 billion in India over the next few years, as the Dubai-headquartered terminal operator looks to tap into potential growth opportunities in the emerging Asian economy.
Retail inventories expanded in the U.S. in December, as slower than expected sales at brick-and-mortar stores kept large piles of goods largely intact. Those inventories are likely to be a drag on U.S. freight shipments in the first quarter, adding to fears of a new recession.
U.S. domestic intermodal spot rates aren’t rising, suggesting the traditional surge of imports ahead of Chinese New Year, when Asia factories close for about two weeks, is weak.
Big Port of St. Petersburg, Russia’s busiest seaport in terms of container traffic, posted a 27.8 percent year-over-year decline in container throughput for 2015 but is planning to regain its lead in the market in the coming years.