Carloads, at 279,907, saw a 3% annual increase, and intermodal units headed up 5.4% to 291,088.
A recent study conducted by the industrial real estate firm CBRE, notes that the new tariffs targeted at high-tech Chinese goods–such as industrial robots, radio transmitters, aircraft parts, computer hardware and electric cars–and is designed to put economic pressure on Beijing’s “Made in China 2025” program.
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Against the backdrop of increasing retail sales and an ongoing “pull forward” efforts by retailers to import goods in advance of new tariffs levied on products made in China, various import volume records continue to be set in 2018, according to the most recent edition of the Port Tracker report, which was released this week…
Major multinational shippers and North American transport interests are warning the Trump Administration to tread softly on its increasing tariffs on aluminum, steel and other products or it will threaten the current sweet-spot economy.
XPO, the largest provider of last mile logistics for heavy goods in North America, said this new 50,000 square-foot facility is based in Toronto, Ontario. And it added that this facility, which will be comprised of roughly 70 staffers, will serve customers throughout Ontario.
In rural New York, local business, academia and government are working together to promote their area.
Earlier this month, Memphis-based transportation and logistics power FedEx said it will not additional residential holiday season surcharges, save for oversized or unauthorized shipments or those that require additional handling. The company initially instituted this policy a year ago.
The average price per gallon of diesel gasoline dropped 0.3 cents this week to $3.223 per gallon, according to data issued by the Department of Energy’s Energy Information Administration (EIA).