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Most may not associate the World Wildlife Fund (WWF) with freight movement, but the organization is working hard to change that and the industry, launching a new transport decarbonization tool on Wednesday at the Movin’ On by Michelin conference in Montreal.

The tool, available at www.sciencebasedtargets.org, is designed to help companies involved in the movement of freight to set ambitious environmental goals that align with the Paris Climate Agreement that 177 countries have signed onto.

“We need companies, we need cities to align their initiatives with the Paris agreements,” said Pierre Clement of WWF.

The tools include technical documents and information to help companies develop their own plans and ensure those plans align with the global agreement to cut carbon use announced by the countries in Paris in 2016.
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The sector added 18,700 jobs last month as warehouse operators, trucking companies competed to get more workers into capacity-strained distribution networks

Logistics and freight transport companies went on a hiring spree in May, adding 18,700 jobs to keep pace with accelerating demand in the U.S. shipping markets. (more…)

May 22, 2018 by Clarissa Hawes@cage_writer

This is the largest year-over-year increase since October 2017, the ATA said.The ATA’s seasonally adjusted For-Hire Truck Tonnage Index increased 2.2 percent in April, compared with a 1 percent drop in March. The ATA index adjusted March’s decline, which was originally reported as 1.1 percent.
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U.S. trucking industry has been witnessing significant demand in recent months. The trucking industry is the lifeblood of the economy as it moves more than 70% of the nation’s freight by volume. Truck transport is a “derived demand” industry, which means requirement for truckers depends on the demand for the products that trucks haul. Consequently, trucking serves as a barometer of the U.S. economy.

As the U.S. economy continues to grow, demand for carriage is also increasing and this momentum is expected to sustain in 2018. At this stage, investment in trucking stocks with favorable Zacks Rank will be a prudent move.

Robust Demand for Truckers

Trucking industry is currently benefiting from two factors. Firstly, the U.S. economy is on solid footing. In its 2017-2018 Freight Transportation Forecast, the American Trucking Association (“ATA”) has predicted that there will be persistent growth for truckers driven by manufacturing, consumer spending and international trade over the next 12 years.

Secondly, the trucking industry is currently facing capacity crunch. A healthy labor market with unemployment rate at its lowest in nearly 18 years, resulted in severe shortages of drivers. This has raised the price for truckers. On May 9, the Labor Department reported that while Producer’s Price Index increased 2.6% for the 12-month ended April, price index for truckers jumped 6%.
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Very strong market conditions continue to contribute to favorable industry outlook.

By Jeff Berman, Group News Editor · May 16, 2018

A large majority of freight transportation and logistics industry stakeholders, including shippers, motor carriers, 3PLs, brokers, and others, continue to marvel at the overall state of market conditions, especially in the trucking sector.

That comes with good reason, too, especially when considering that, in many ways, the confluence of factors contributing to the current market outlook paint a more than positive picture in various ways.

Some of these ways include a blend of key market indicators and trends, including: tight over-the-road capacity, carrier pricing power, and stable demand patterns.
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A wide-ranging report issued last week by the American Association of Port Authorities (AAPA) provides a detailed analysis into what needs to happen in order to meet the multimodal funding needs of United States seaports.

Logistics in the News

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By Jeff Berman, Group News Editor · May 21, 2018

A wide-ranging report issued last week by the American Association of Port Authorities (AAPA) provides a detailed analysis into what needs to happen in order to meet the multimodal funding needs of United States seaports.

The report, entitled “The State of Freight III: Rail Access + Port Multimodal Funding Needs Report,” like its predecessors, takes a deep dive on the needs of ports to effectively move goods into and out of their facilities by land and water, according to the AAPA.

Some of the key funding needs outline in the report included:

  • U.S. port authorities identified more than $20 billion in projected multimodal port and rail access needs over the next decade, while one-third cited pressing rail project needs costing at least $50 million for each of their ports;
  • 67% said that funding and financing options are the biggest obstacles in getting essential rail projects started to access their facilities.
  • 37% said that problematic at-grade rail crossings or height-restricted overpasses and tunnels near their ports are constraining cargo-handling capacity; and
  • 36 percent reported that land acquisition is a big problem in developing and planning port rail access projects

“In State of Freight III, we take a deep-dive into the freight transportation needs of our U.S. member port authorities, with an emphasis on rail access, said AAPA President and CEO Kurt Nagle in a statement. “The findings show that while the FAST (Fixing America’s Surface Transportation) Act has been essential in providing the building blocks for a national freight program, more must be done to ensure that multimodal goods movement projects have adequate resources to produce efficient and timely results. These transportation projects are crucial to address our nation’s increasing freight volumes and enhance America’s international competitiveness. Our nation’s ports have identified a vast array of projects, which are ready for investment and could move forward if the issues in this report could be addressed. It’s important that steps be taken to resolve the barriers identified in this report that are preventing these projects from progressing.”
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Freight Management System Market by 2023

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MarketsandMarkets  May 25, 2018, 11:00 ET  SHARE THIS ARTICLE

According to a new research report Freight Management System Market by Solution (Freight Tracking & Monitoring, Cargo Routing & Scheduling, Security, EDI, TMS, Order Management), End-user (3PLs, Forwarders, Brokers, Shippers), Transportation Mode, and Region  Global Forecast to 2023, published by MarketsandMarkets™, the market size is expected to grow from USD 10.76 billion in 2018 to USD 17.45 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period.

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