Various events are creating the tightest TL market in at least four years—and our experts say that it’s going to get tighter and rates are going to go higher over the next year.
Class I railroad carriers CN and Norfolk Southern announced they have partnered up on a new joint interline service offering for carload traffic between Western Canada and NS’s Eastern-based U.S. destinations. CN and NS officials said that this endeavor will reduce transit times for these routes by one to two days.
The annual “3PL Value Creation Chicago Summit” staged by the consultancy, Armstrong & Associates, Inc., provided practitioners with fresh insights on how the industry will be shaping up in 2018.
DCLI Chassis Link, a Charlotte, NC-based provider of marine chassis and asset management services to the U.S. intermodal industry, said it has inked a definitive agreement to acquire TRAC Intermodal’s fleet of roughly 72,000 53-foot domestic chassis and related customer and hosting contracts with major Class I railroads and intermodal shipping companies throughout the United…
With a 4.6% annual gain to $97.4 million in August, this marks the 10th consecutive month of increases, with all five major transportation modes carrying more freight by value.
Having full visibility into key operations–whether for tracking shipments, managing on-time deliveries or having a consolidated view of financials–can be the difference between thriving and barely surviving.
Carloads eked out a 0.2% annual increase to 268,943, and intermodal again set a new all-time weekly record, up 5.6% to 291,046.
It goes without saying that in these days of rapid e-commerce growth, consumers are getting more accustomed to getting what they want, or ordered, when they want it. This, in turn, creates challenges for retailers to get orders to customers, challenges that can be expensive but needed. That is a key takeaway from the 2017…
Big Brown said that effective December 24, 2017, rates for UPS Ground, UPS Air and international services, and UPS Air Freight rates within and between the U.S., Canada, and Puerto Rico will head up by an average net of 4.9%.
DHL officials said that this 54,000 square-foot gateway will expand the company’s presence in Chicago, adding that the new state-of-the-art northeast cargo campus at O’Hare International is poised to become the largest cargo development constructed at a U.S. airport in more than a decade upon its completion in the coming years.