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.
The index ISM uses to measure non-manufacturing growth—known as the PMI––dropped 1.5% to 55.9 (a reading above 50 indicates growth) in December. Both November and December were down compared to October’s 60.1, which is the highest reading since the report’s inception in 2008, as well as the highest reading compared to pre-2008 composite index calculations,…Details
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that United States trade with its North American Free Trade Agreement (NAFTA) partners, Canada and Mexico saw an annual gain in October, the most recent month for which data is available. Rising 7.9% to $100.6 billion, October marks the 12th consecutive month of…Details
With winter weather conditions harsh and another big storm hitting today in various pockets of the Northeastern and Mid-Atlantic United States, myriad motor carriers are gearing up for the most recent batch of bad weather.Details
2017 U.S. carloads increased 2.9%, or 381,266 carloads, annually to 13,478,126, compared to 2016’s 13,096,860. Intermodal containers and trailers headed up 3.9%, or 521,121 units, annually to 14,011,834 for the highest annual tally ever recorded for the segment. Intermodal trucking rates
Rising 7 cents, the average price per gallon currently stands at $2.973, which marks the single largest weekly gain since the week of November 6, when it rose 6.3 cents from $2.819 to $2.882.
The report’s key metric, known as the PMI, was 59.7 (a reading of 50 or higher indicates growth) in December, which was 1.5% ahead of November’s 58.2. This marks the 16th straight month that the PMI has grown, with the overall economy growing for the 103rd consecutive month. The December PMI is 2.1% ahead of…Details
Low vacancy rates and high demand for warehouse space are forming perfect conditions for the sector in 2018, according to JLL experts.
Congress and the administration talk about boosting industrial production and manufacturing jobs. But new analysis suggests that we’re already at peak levels.
Late last month, a report published in Recode indicated that two giants from different sectors, retailer Home Depot and global freight transportation and logistics services provider XPO Logistics, may be future teammates, with the report saying that Home Depot “held internal discussions in recent months about a potential acquisition bid for XPO.