Diesel average sees a slight decline
Falling 0.4 cents, this week’s average is $3.239 per gallon. The previous two weeks saw gains of 0.7 cents and 2.0 cents, respectively.
June truckload and intermodal pricing remains strong, reports Cass and Broughton Capital
Trucking and intermodal pricing levels continue to reap the benefits of a very strong freight environment. That is the main takeaway from the most recent editions of the Truckload Linehaul Index and Intermodal Index from Cass Information Systems and Broughton Capital.
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LTL market is solid but shippers need to watch out for freight ‘turndowns’
There is another challenge in the LTL sector that directly impacts LTL shippers not getting what they need from carriers, with carriers widening embargoes on shipments in certain parts of the United States.
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Ports of Los Angeles and Long Beach post strong June volumes but tariff concerns remain intact
POLB handled 752,188 (TEU) Twenty-Foot Equivalent Units in June, which stands as the busiest volume month in its history and marks a 14.2% annual improvement. The previous best month was July 2017, which June 2018 surpassed by 4.4%. POLA handled 723,141 TEU in June, which was down 1.1% annually. But even with the decline, POLA…
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June retail sales post gains, report Commerce and NRF
Commerce reported that June retail sales, at $506.8 billion, were up 0.5% annually and were ahead of May’s revised $504.3 billion. NRF reported that June retail sales, which exclude sales from automobiles, gas stations, and restaurants, with sales up 4.2% annually on an unadjusted basis.
Ahead of tariff crunch, U.S.-bound import numbers see strong June gains, reports Panjiva
With global shippers looking to get in front of the beginning phase of recently implemented tariffs, United States-bound waterborne shipments saw gains in June, according to data recently released by global trade intelligence firm Panjiva. June shipments, at 1,025,643, were up 6.5% annually. This represents another month of growth, with the exception of a 0.2%…
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Global prime logistics rents remain on an upswing, says CBRE report
Given the strong economic outlook at the moment, it stands to reason that there have been various subsequent takeaways. One key one was highlighted in a report recently issued by commercial real estate firm CBRE, whose main thesis was that for the year ending March 31, global prime logistics rents saw gains, due, in large…
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Port of Oakland’s monthly volume report reflects trade war tensions
Oakland handled the equivalent of 87,207 20-foot import containers in June. That beat the previous monthly record of 84,835 containers set last July.
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