FTR data shows that preliminary Class 8 net orders for August stood at 14,000 units, slightly above expectations and a 36 percent improvement over July. However, the Class 8 order activity for August was the weakest for that month since 2010 and down 35 percent from August 2015. Class 8 orders for the last twelve months have totaled 206,000 units.
Forecasts call for a steady recovery from the recent oil price downturn in the offshore maintenance market with spending expected to improve significantly between 2017 and 2021.
This summer, dockworkers, truckers and railroads geared up for a surge of retail goods passing through U.S. ports that hasn't occurred. Imports are flat at major seaports on both coasts heading into peak shipping season, the stretch in late summer and early fall when retailers usually load up on imported toys, clothing and other merchandise to sell to holiday shoppers. If the trend holds, it will be the second year in a row without a traditional peak.
Effective Dec. 26, 2016, the UPS U.S. ground service daily rate will increase by an average net 4.9 percent. Daily rates for UPS U.S. air and international services will increase an average net 4.9 percent. UPS airfreight rates within and between the U.S., Canada and Puerto Rico, will increase an average net 4.9 percent, also effective Dec. 26, 2016. Further, UPS Freight announced an average net 4.9 percent general rate increase effective Sept. 19, 2016.
It's been more than two months since the United Kingdom voted to withdraw from the European Union, but the shock waves aren't close to subsiding - especially with regard to the impact on global supply chains.
Freightos, looking for an edge in the crowded field of tech-driven shipping start-ups, is buying a database of air cargo rates to fill a gap in its new online marketplace.
KC Sealock had not taken a standardized test since college. But here he was at 39 years old, long black beard flecked with grey, sitting in front of a computer at Jacksonville, Florida's Herlong Air Field, with a proctor peering on from behind a glass door. He spent two hours clicking at multiple choice questions about latitudes and longitudes, Class C airspace regulations, wing load factors, and more - 60 in all.
China's recent move to add the U.S. to a list of Zika-infected countries is worrying U.S. exporters, who fear they will be required to fumigate all containers destined for Chinese ports. The cost to fumigate a container ranges from between $100 and $200.
Spot container freight rates on the major routes from Asia soared by up to 42 percent following the collapse of Hanjin Shipping, data from the World Container Index reveals.
The latest news, analysis, services and systems regarding transportation and distribution and their impact on global supply chains. Today’s companies are shipping and delivering perishables and manufactured goods faster and farther around the world than ever before through transportation and distribution solutions. New technologies that provide information during local and global shipments via air, ground and sea are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As these services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using transportation and distribution solutions to power their supply chains.
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