At the 12th annual “Pulse of the Ports Peak Season Forecast,” panelists stated that cargo growth should continue through 2016 even though uncertainty remains as the economy and industry continue to evolve.
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Activity in China’s manufacturing activity unexpectedly expanded in March for the first time in nine months, an official survey showed on Friday, adding to hopes that downward pressure on the world’s second-largest economy is easing.
Wall Street extended a seven-week rally on Friday after upbeat U.S. jobs and factory data hinted at stronger corporate earnings without increasing concerns of potential U.S. interest rate hikes.
In the three months since the U.S. lifted its 40-year ban on crude oil exports, a curious thing has happened. Rather than flooding global markets, U.S. crude shipments to foreign buyers have stalled. At the same time, imports into the U.S. jumped to a three-year high in what looks to be a reversal of a yearslong decline in the amount of foreign crude brought into the American market.
Oil erases its gains for the year in New York as Saudi Arabia’s deputy crown prince said the kingdom will only freeze production if Iran and others follow suit.
When the CMA CGM Benjamin Franklin pulled out of Los Angeles in late December after an unprecedented effort by the port community to work the largest container ship ever to call at a North American port, no one was prouder than the International Longshore and Warehouse Union.
Total U.S. rail traffic continued its downward trend for the week ending March 26, as railroads logged 470,271 carloads and intermodal units, down 16.5 percent compared with the same week last year, according to the Association of American Railroads.
At this year’s Mid-America Trucking Show, communications company BlackBerry introduced an end-to-end tracking system for trucking companies and private fleet operators called BlackBerry Radar.
With “tepid” freight demand dampening LTL profits, analysts and carriers executives say that fuel, capacity utilization, and mounting regulation will play a large role in 2016 rates. Here’s what shippers should expect…
Shipping losses continue their long-term downward trend with 85 total losses reported worldwide in 2015, according to the Allianz Global Corporated & Specialty (AGCS) fourth annual Safety and Shipping Review 2016, which analyzes reported shipping losses of over 100 gross tons.