Trans-Pacific air freight markets will continue to benefit from shipper demand as U.S. ports take several months to clear the backlog of containers that stacked up during the protracted waterfront labor dispute between terminals and the union.
Shippers can expect domestic intermodal rates to spike within the next month as U.S. West Coast ports regain productivity and shippers rush to move containers long-delayed by labor contract negotiations, an intermodal pricing index provider said Tuesday.
Truckload rates rose 7.9 percent from a year ago in January, gaining on December, while intermodal pricing dropped for the first time since 2013, Cass Information Systems said.
Matson posted increases in profit for the fourth quarter and full year of 2014 and said it expects “modestly higher” operating results in 2015, aside from the company’s pending acquisition of Horizon Line’s Alaska service.
Increase shows momentum of U.S. economic recovery keeping pace, as American Trucking Associations tonnage index rises to highest level on record.
Don't be fooled by a seasonal drop in net trailer orders in January — a stronger economy and changing equipment strategies are contributing to a "vibrant" trailer market in the U.S., as FTR sales data show.
Retailer Home Depot said its import shipments have been delayed by West Coast port delays, but that it has been able to adjust its supply chain to keep stores supplied.
Less container ship capacity is expected to be scrapped this year, as the price of steel continues to drop and the pool of older vessels shrinks, analysts say.
Annual costs to operate a hypothetical 500,000-square-foot distribution center with 150 employees could range from $11.3 million to $15 million among U.S. cities surveyed by a national site-selection company.
Greece’s pledge on Tuesday not to halt ongoing and planned privatizations has paved the way for the sale of the state’s stakes in the ports of Piraeus and Thessaloniki, Athens airport and rail freight companies.