The rails movement of empty international and domestic sized containers into the Los Angeles market have spiked over the past month. The implication is that demand is outpacing the supply of available containers both on the west coast and overseas. The transportation market appears to be able to handle it. The dominant flow of consumer …
What the surge in empty container moves says about the freight market Read More »
The Port of New York-New Jersey recorded its busiest July ever, surpassing 800,000 twenty-foot equivalent units on surging inbound container flows as importers moved early on back-to-school and end-of-year holiday inventory ahead of a host of issues clouding the global supply chain. The Port Authority of New York and New Jersey in a release said …
Eastern Class 1 railroads Norfolk Southern and CSX will help reach Midwest cities with double-stack trains from the newly expanded Port of Virginia central rail yard. The Port of Virginia has announced that the expanded central rail yard is fully operational, lifting annual rail capacity to 2 million twenty-foot equivalent units. “Modernizing and expanding the …
Port of Virginia completes expanded rail project Read More »
After roaring into Florida Monday morning as a Category 1 hurricane, Tropical Storm Debby is crawling up the East Coast, bringing with it catastrophic flooding and dumping feet of rain on some parts of the country. Debby has closed ports, damaged homes and businesses, and claimed at least five lives during what is expected to …
Some ports remain closed as Debby moves up East Coast Read More »
The National Cherry Festival, held in Traverse City, MI, is annually rated as one of North America’s top 100 Festivals and Events by the American Bakers Association (ABA). This year, the festival is scheduled from June 29 to July 6 and is expected to welcome over 500,000 visitors. Traverse City also proudly houses the world’s …
Reefer report: The National Cherry Festival is home to the world’s largest cherry pie Read More »
The CrowdStrike outage may not be the top headline today, but that does not mean the impact is a thing of the past. Delta is still digging out of the backlog, and computer systems are still coming back online for other companies. The state of freight is still exposed to the CrowdStrike fallout. According to …
Ports in Houston and Galveston, Texas, remained closed Tuesday after Hurricane Beryl made landfall in Texas as a Category 1 hurricane early Monday morning. Port Houston officials posted on X they will be resuming normal operations on Wednesday, and will be offering extended gate hours for its customers at its container terminals. The storm brought …
Ports in Houston and Galveston remain closed in wake of Hurricane Beryl Read More »
Associated Builders and Contractors (ABC) reported recently that its Construction Backlog Indicator fell to 8.3 months in May, according to a member survey conducted from May 20 to June 4. The reading is down 0.6 months from May 2023. The ABC monthly Construction Backlog Indicator is a forward-looking national economic indicator that reflects the amount …
Flatbed report: Commercial construction backlog drops in May Read More »
WASHINGTON — Major freight railroads and their short-line counterparts raised red flags on Capitol Hill about supply chain consequences of a California regulation aimed at cutting air pollution from locomotives. If the California Air Resources Board is successful in securing approval from the U.S. Environmental Protection Agency, California’s In-Use Locomotive Regulation, adopted by the state …
Railroads fear losing out to trucks if California gets its way Read More »
Retail diesel prices continue their downward trend, declining for the ninth week in a row as measured by the number used as the basis for most fuel surcharges. The Department of Energy/Energy Information Administration weekly average retail price fell to $3.658 a gallon, a decline of 6.8 cents. The scorecard on the price is that …
Key retail diesel price drops again, but is the bear market turning? Read More »
