XPO Logistics, Old Dominion Freight Line, and Saia are among LTL trucking companies that see encouraging, albeit modest and early, signs for economic growth in 2020.
Railroads are more conciliatory in negotiating contract rates than a year ago, hungry to recapture freight lost to trucking. One logistics executive called the railroads’ stance “a complete 180 from last year.”
The long-promised National Freight Strategic Plan should be about more than highways, groups representing US ports and shippers said this week. The question still is how to pay for freight priorities.
A seven-year expansion at the Port Newark Container Terminal (PNCT) is close to completion, expanding the terminal’s capacity by 80 percent, to 2.15 million TEU.
Just-in-time inventory pressures are creating more less-than-truckload shipments, giving Canadian National and Canadian Pacific Railway an opportunity to accelerate their domestic intermodal volume growth.