After a steep plunge into negative growth in mid-2016, world air cargo traffic rebounded sharply last year and is on course for 4.2 percent average annual tonnage gains through 2020. The pace is currently outracing cargo belly and freighter capacity, improving yields for carriers, and creating space shortages for shippers. That is essentially the snapshot of the global airfreight market Boeing recently released at its annual cargo forecast last week.
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As the trucking market continues to see tight capacity, coupled with healthy demand, there has been an interesting story going on as it relates to the national average for spot and contract rates for the three-month period ending in January, according to date recently put out by DAT, a subsidiary of Roper Industries.
Late last month, United States Department of Transportation Secretary Elaine Chao penned a letter to Class I railroads, as well as passenger railroads and state and local transportation agencies, regarding the federally-mandated Positive Train Control (PTC) mandate, which is slated to be fully implemented by December 31, 2018.
Four more trucking groups and fleets are asking the Federal Motor Carrier Safety Administration for five-year exemptions from the electronic logging device mandate that took effect last month.
They include:
Trash hauling and recycling fleet American Disposal Services (ADS)
Oilfield service fleet Cudd Energy Services (CES)
Agricultural Retailers Association (ARA)
Association of Energy Service Companies (AESC), which includes well service rig contractors
The Federal Motor Carrier Safety Administration (FMCSA) is planning to grant a request from the Truck Renting and Leasing Association (TRALA) for a 90-day waiver from the electronic logging device (ELD) mandate for “short term” rental trucks, defined as being rented out for a period of 30 days or less.
Last-minute push to install ELDs to comply with the December 18 mandate could lead to “confusion” due to lack of preparation and training time. Once the electronic logging mandate becomes official on Dec. 18, attention will turn to just how quickly it cuts into freight capacity.
Sustainable products geeks rejoice, for ’tis once again the season of giving! And what better way to celebrate and participate than with gifts whose buying and giving creates more cheer, health, beauty and financial stability while eliminating waste, pollution and carbon emissions around the world? Here are just a few of our favorite discoveries this year of products we’d be proud to give.
JUST Capital, a nonprofit research organization focused, and Forbes have released the 2017 edition of the JUST 100 List, which ranks publicly traded companies in the US on their performance to act on the priorities of the public. The rankings are based on comprehensive surveys conducted on public attitudes towards corporate behavior, involving 10,000 respondents in 2017, which we produced in partnership with one of the nation’s foremost data science organizations, NORC at the University of Chicago, using its survey tool AmeriSpeak.
A decade after the start of the Great Recession, rural counties remain well below their pre-recession employment level. According to the Bureau of Labor Statistics, America’s rural counties have 770,000 fewer jobs in October 2017 than they did in 2007.
After much anticipation, “a trucker’s market” is due to finally arrive in 2018, says Stifel Nicolaus trucking analyst John Larkin, although he cautions that supply and demand is tight across the industry as the domestic economy continues to grow at a slow, steady pace.