Why Britain Is Edging Toward ‘Brexit’

It may now be time to seriously consider what would happen if Britain left the European Union.

For months, opinion polls indicated that Britons would vote on June 23 to remain within the 28-nation union. But recent polls have shown a lead for the “leave” camp, including one that puts it five percentage points ahead.

 

Yellen says the Fed will be less predictable

The Federal Reserve chair told the Senate Banking Committee on Tuesday the central bank is in no hurry to raise interest rates. Yellen once again stressed the word “patience.” On Wednesday, she appears before the House of Representatives’ Financial Services Committee.

Oil Climbs to 10-Month High as U.S. Crude Stockpiles Decline

Oil rose to the highest level in more than 10 months in New York as government data showed U.S. crude supplies declined, reducing a glut.

Crude stockpiles dropped by 3.23 million barrels, according to the U.S. Energy Information Administration, in line with analysts’ projections in a Bloomberg survey. Futures briefly reversed direction after the report showed unexpected gains in inventories of gasoline and distillate fuel, a category that includes diesel and heating oil. An upsurge of unrest in Nigeria also buoyed crude prices.

State of Ocean Cargo: Cutting through the fog

In the wildly unstable ocean cargo carrier arena, three major consortia are fighting for market share, with some players simply hanging on for survival. Meanwhile, shippers may expect deployment shifts as a consequence of the Panama Canal expansion.

ATA pushes for HOS restart rules to remain intact

The American Trucking Associations (ATA) said today it is calling on Congress to take action on maintaining the current motor carrier hours-of-service (HOS) restart rule, which it said provided truck drivers with the flexibility and opportunity to take extended off-duty periods without restriction.

Top 25 ports: West Coast continues to dominate

The Panama Canal expansion is set for late June and may soon be attracting more inbound vessel calls to the East and Gulf ports. In the meantime, trans-Pacific trade is still keeping market share clearly concentrated on the West Coast.

Spot market 2016: No post-Memorial Day slump in rates

In years past, there’s been a slump in rates after Memorial Day on DAT Load Boards, but that wasn’t the case last week. Spot market rates continued their upward trend after the holiday. The Sun Belt is still showing strength, as last week, and the Midwest continues to improve. California volumes are holdin

Trucking Sees Smallest Decline In Cross-Border Freight Flows

Trucking and four other transportation modes carried less U.S. freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in March 2016 compared to a year earlier, according to a new Transportation Department report.

Moore on Pricing: Rail merger activity just beginning

The briefly considered merger of the Norfolk Southern (NS) and Canadian Pacific (CP) railroads is illustrative of the changes rail shippers should be watching for in both intermodal and bulk rail services. These are smart companies, and they see a billion reasons why opportunity in this “sleepy” industry is better than many shippers realize.

May carload and intermodal volumes see another decline, reports AAR

United States rail carload and intermodal volumes were down again for the month of May, according to data released this week by the Association of American Railroads (AAR).