Emerging and developing countries could be the source of economic growth that wouldspur shipping demand in the next five years, BIMCO said citing theInternational Monetary Fund (IMF).
Author Archives: Jeffrey Goh
A free copy of Air Cargo News’ exclusive 2018 Freighter Fleet Directory wallchart is available to download. The wallchart, sponsored by charter broker Chapman Freeborn, is a useful tool in print or digital format that provides an update on airline’s freighter fleets.
World trade cargo tonnage will rise by only 3.7 per cent to 65.9 million tonnes in 2019, the slowest pace since 2016, reveals the International Air Transport Association (IATA). This projected annual figure reflects the weak world trade environment impacted by increasing protectionism, asserts the airline body.
Good momentum. Optimism about the healthy economy. A very rosy outlook. Those are some ways the Class I chief executive officers are describing 2018’s mostly sunny business climate or their anticipation for a favorable coming year.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending December 15, 2018. For this week, total U.S. weekly rail traffic was 568,941 carloads and intermodal units, up 3.9 percent compared with the same week last year. Total carloads for the week ending December 15 were 267,534 carloads, up 1.4 percent compared with the same week in 2017, while U.S. weekly intermodal volume was 301,407 containers and trailers, up 6.2 percent compared to 2017.
AEight years. That’s how long McKinsey & Company, a globallogistics think tank based in the United States and Europe, predicts it will bebefore autonomous trucks with no humans on board could be routinely runningroutes in North America.
Pricing for both truckload and intermodal freight movements saw another strong month in November, according to data in the most recent editions of the Truckload Linehaul Index and Intermodal Index from Cass Information Systems and Broughton Capital.
The US economy, measured by goods shipped and money spent on transportation, is still growing, despite heightened concern about a slowdown or even recession, according to the latest Cass Freight Index report. The Cass indices show US freight shipments and transportation spending dipped in November from October but still rose year over year.
The U.S. average retail price of diesel dropped 4.6 cents to $3.161 a gallon, the U.S. Energy Information Administration reported Dec. 10, as crude oil prices dropped near $50 per barrel.
Imports at the major retail container ports in the US have set another record reaching 2 million containers in a single month as retailers continued to bring merchandise into the country ahead of a now-postponed increase in tariffs on goods from China.