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Growth in the Nation’s Freight Shipments – Highlights
December 14, 2016
“The U.S. transportation system is the largest in the world, serving more than 7 million domestic business establishments and 288 million residents while employing 1 out of 7 U.S. workers. In 2002, the nation’s freight transportation system transported nearly 16 billion tons of raw materials and finished goods, up from 13 billion tons in 1993. This 18-percent growth in tonnage represents an average annual increase of 1.9 percent over this period.1 The Bureau of Transportation Statistics (BTS) estimates that this large quantity of commercial freight traveled nearly 5 trillion ton-miles in 2002, a 24-percent increase over 1993, rising at an average of 2.4 percent per year.”
Read the full article here:
http://www.rita.dot.gov/bts/sites/rita.dot.gov.bts/files/publications/freight_shipments_in_america/html/entire.html
December 14, 2016
“In his victory speech in New York, Donald Trump promised to work on economic growth once he takes the office in January. He said: “We have a great economic plan. We will double our growth and have the strongest economy anywhere in the world.” Even though this is a promising statement, he also mentioned his clear intentions to withdraw the United States from the Trans-Pacific Partnership (TPP) and negotiate the terms of the North American Free Trade Agreement (NAFTA) to get a better deal, in his previous interviews.”
Read the full article here:
http://www.supplychainbrief.com/?open-article-id=5910548&article-title=how-the-trump-presidency-will-affect-shipping-and-logistics&blog-domain=morethanshipping.com&blog-title=more-than-shipping
December 13, 2016
“On the surface, the commercial freight transportation and logistics industry looked calm in 2015. The sector moved sideways financially; average earnings were flat. The U.S. Department of Transportation’s Transportation Services Index, which measures industry output, rose only a couple of points. The biggest headline for the sector came early in the year with the resolution of the painful, but not disastrous, U.S. West Coast port labor dispute in February.”
Read the full article here:
http://www.strategyand.pwc.com/trends/2016-commercial-transportation-trends
December 13, 2016
“Although a better year is expected in terms of rates, the outlook for 2017 is not any brighter than 2016. The good news is that the number of new vessels coming into service, comparing to 2016, is much less in 2017. In the first seven months of 2016, only 202,000 TEU of new containership capacity were ordered, compared to the 2.3 million TEU ordered during the whole of 2015. This might be translated into less space and consequently stronger rate market which is good news for carriers.”
Read the full article here:
2016 has been a year with many challenges and surprises – some expected and some not. The consolidation of the carriers was expected and I stressed this in my article earlier this year. The financial stress has been going on for a while and it was expected that one or more carriers would go under. … Continue reading
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