Shipment volumes were flat from the previous month, and expenditures were down just 0.6 percent, but both still remained well below 2015 levels, according to the latest Cass Freight Index Report.
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The Association of American Railroads has submitted comments to the Federal Railroad Administration once again urging the administration to withdraw its proposed mandate for two-person crews on railroads. The industry association’s comments were submitted in response to a July 15 public hearing on the proposed rule.
A major North American intermodal group isn’t expecting a dramatic rebound in business next year, given an already muted year-end forecast and another weak peak season on the horizon. With U.S. consumers spending less on physical goods and inventories still at historic highs – something many are no longer pegging on the West Coast labor talks – hopes that the 2016 peak season would produce the surge that 2015 could not have been dashed.
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The Port of Oakland’s new near-dock rail transfer yard received its first train Thursday, making the Northern California port more attractive for discretionary cargo that would otherwise transit other North American ports. In fact, the cargo on this first train to call at the $100-million rail facility at the former Oakland Army Base was originally destined for Canadian ports.
(This article requires registration at the Journal of Commerce. To access, please click on the above link.)
Import cargo volume at the nation’s major retail container ports should see a small but significant increase this month as merchants stock up for the back-to-school season, then see a larger wave in late summer and fall for the holiday shopping season, according to the monthly Global Port Tracker report released July 12 by the National Retail Federation and the consulting firm Hackett Associates.
The soft U.S. freight economy has trucking companies slamming on the capacity brakes, sending orders of new rigs to a four-year low, but making it easier for them to keep drivers hauling for them.
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Truckers News recently posted a brief article about how a financial services company compiled a list of the best and worst states in which to be a trucker or to operate a small trucking business. – See more at: http://www.truckersnews.com/readers-have-their-say-on-bestworst-state-for-truckers/#sthash.ZNmC9zam.dpuf
The average truck visit time at the 13 container terminals in Los Angeles-Long Beach in May plunged to 78 minutes from 85 minutes in April, proving that cooperation between truckers and terminal operators can produce results, the Harbor Trucking Association said Tuesday.
(This article requires registration at the Journal of Commerce. To access, please click on the above link)
Retail sales for the month of May both saw increases to varying degrees, according to data issued today by the United States Department of Commerce and the National Retail Federation.
The average price per gallon of diesel gasoline rose 2.4 cents to $2.431 per gallon this week, according to the Department of Energy’s Energy Information Administration (EIA).