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Keyword: freight

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  • China to US Freight Cost Soared Tenfold Due to Container Shortage

    09/30/2021 9:25:51 PM PDT · by SeekAndFind · 7 replies
    Epoch Times ^ | 09/30/2021 | Jessica Mao and Ellen Wan
    Since August, the price of container freight from China to the United States has soared ten times, setting a record high. Due to the CCP (Chinese Communist Party) virus pandemic, containers shipped from China cannot return immediately after unloading at their destinations, causing congestion due to empty cargo rotation and limited shipping capacity.Global shipping prices continue to rise as containers become difficult to find. Since January, the cost of container shipping has grown four times. As of Sept. 17, the China Containerized Freight Index (CCFI) has increased by 90.34 percent from the beginning of 2021.According to data from previous years,...
  • Dozens of cargo ships stuck waiting off New York's coast amid port staff shortages and surging demand for goods

    09/26/2021 3:06:02 PM PDT · by RomanSoldier19 · 52 replies
    https://www.msn.com Business Insider ^ | 9/26/2021 | Zahra Tayeb
    Around 24 cargo ships and oil tankers are stuck waiting to dock off the coast of Long Island, New York, due to a surge in demand for consumer goods and short-staffed ports. MarineTraffic, the global ship tracking site, showed ships gathered a few miles off the coastline that stretches from Long Beach in the west to Lido Beach and Jones Beach Island in the east, The Daily Mail reported. The ships appeared to have been stuck in place since at least Saturday evening, the outlet added. Pandemic-induced shopping sprees ahead of the holiday season, coupled with a national labor shortage,...
  • Concerns grow over looming loss of firearm, ammunition freight options (How they are grabbing guns in Australia)

    09/22/2021 6:45:37 AM PDT · by DeathBeforeDishonor1 · 12 replies
    Abc.AU ^ | 8/31/21 | Mark Rigby
    Farmers and gun dealers are worried that the impending loss of freight options for firearms and ammunition could see people going without vital supplies or stockpiling ammo. Freight giant TNT Express told customers last month it would cease transporting firearms and ammunition within weeks and Australian-owned logistics company Northline soon followed suit. The Queensland Shooters Union has taken aim at what it described as a "highly irresponsible" move by TNT and Northline. “They did it, effectively, with very little notice to their long-term clients," southern Darling Downs farmer and union president Graham Park said. "They did it, I think, without...
  • Back to the Past for America’s Freight?

    08/22/2021 5:16:31 AM PDT · by Kaslin · 17 replies
    Townhall.com ^ | August 22, 2021 | Edward Longe
    In a typical year, freight trains in the United States move about 1.7 billion tons on over 140,000 miles of track. The massive tonnage hauled by freight rail every year means that most American consumers own goods transported on freight trains. Yet, despite the importance of freight rail to American consumers and the broader economy, the Biden administration has proposed several potential changes that could undermine the profitability of freight rail companies and enhance government control of the industry. Given the importance of freight rail, any government intervention could have catastrophic effects for consumers. Policymakers only need to look at...
  • US Ports Face Peak-Season ‘Gridlock Plus’ As Anchorages Fill

    08/01/2021 1:00:29 PM PDT · by blam · 5 replies
    Freight Waves ^ | 8-1-2021 | Greg Miller
     Ships at anchor off Los Angeles/Long Beach on Friday (Map: MarineTraffic)The fear voiced by Port of Los Angeles Executive Director Gene Seroka earlier this year was that “we will still have vessels at anchor come midsummer,” when terminals pivot to handling the peak season rush starting around Aug. 1. It is now midsummer. There are still vessels at anchor — a lot of them. Logistics consultant Jon Monroe warned Thursday, “Now we have a myriad of charter carriers all introducing vessels into a China-Pacific Southwest service at the same time the large carriers are adding extra loaders. Expect the...
  • YRC Gives Government 30% Stake In Latest Bailout (for $700 million loan)

    07/01/2020 12:39:44 PM PDT · by Perseverando · 11 replies
    Yahoo Finance ^ | July 1, 2020 | Benzinga
    YRC Worldwide (NASDAQ: YRCW) unveiled plans of a new $700 million lending agreement with the U.S. Department of the Treasury, which in turn will receive a stake of nearly 30% in the company. The July 1 press release outlines the latest lifeline for the less-than-truckload (LTL) carrier. The loan comes from a federal lending program under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which is intended to help businesses survive the economic downturn caused by COVID-19 and maintain employment for their workers. The lending agreement will allow YRC to repay recently deferred health and welfare and pension...
  • 10,800 Assault Weapons Parts Seized by CBP in Louisville

    06/29/2020 5:05:09 AM PDT · by ptsal · 25 replies
    U.S. Customs and Border Protection ^ | 26 June 2020 | U.S. Government
    LOUISVILLE, Ky—At the Express Consignment Operations hubs in Louisville U.S. Customs and Border Protection (CBP) officers seized a shipment from China that contained over 10,000 Assault Weapons parts being smuggled into the country.
  • U.S. freight railroads log another dramatic decline in traffic

    05/15/2020 7:26:25 PM PDT · by buckalfa · 25 replies
    Progressive Railroading Magazine ^ | May 14, 2020 | Progressive Railroading Magazine Staff
    U.S. freight-rail traffic plunged 22.1 percent to 412,549 carloads and intermodal units during the week ending May 9 compared with the same week a year ago, Association of American Railroads (AAR) data shows. Railroads logged 185,144 carloads, down 28.4 percent, and 227,405 containers and trailers, down 16 percent. None of the 10 carload commodity groups that AAR tracks on a weekly basis posted increases. Among the commodity group decreases posted during the week, coal was down 34,111 carloads to 46,515; motor vehicles and parts were down 14,876 carloads to 2,108; and metallic ores and metals were down 7,513 carloads to...
  • Study: Proposed Pittsburgh-Cleveland-Chicago hyperloop would be highly profitable

    12/20/2019 5:39:00 PM PST · by Tolerance Sucks Rocks · 66 replies
    The Pittsburgh Post-Gazette ^ | December 17, 2019 | Pittsburgh Post-Gazette
    Development of a proposed hyperloop transportation system linking Pittsburgh, Cleveland and Chicago would not only be a boon to communities along the travel corridors but also would be a strong business investment. That’s the conclusion of a 157-page feasibility study released Monday in Cleveland by the Northeast Ohio Areawide Coordinating Agency and Hyperloop Transportation Technologies Inc., a California-based company developing the technology to move passengers and freight at more than 500 mph through low-pressure tubes. Consultant Transportation Economics and Management Systems performed the $1.3 million study of the proposed Great Lakes Hyperloop System. For the first time, the study estimated...
  • PennDOT P3 Project Will Address I-81 Improvements

    12/15/2019 7:53:22 AM PST · by Tolerance Sucks Rocks · 14 replies
    Transport Topics ^ | December 10, 2019 | Transport Topics
    Leaders within the Pennsylvania Department of Transportation have approved a public-private partnership to reconstruct a portion of Interstate 81. PennDOT’s P3 Board approved the project, which will involve the reconstruction of a 4.5-mile section of the route near Wilkes-Barre, on Dec. 4. Wilkes-Barre, the seat of Luzerne County in northeastern Pennsylvania, is 20 miles southwest of Scranton. The project will involve widening a portion of I-81 to three lanes in both directions, realigning 2.5 miles of southbound interstate and replacing eight bridges. Other safety measures include eliminating a left-hand exit and improving a substandard weave distance between two routes that...
  • Ohio planners looking at a 30-year timeline for hyperloop project between Pittsburgh and Chicago

    10/18/2019 8:37:05 PM PDT · by Tolerance Sucks Rocks · 38 replies
    The Pittsburgh Post-Gazette ^ | October 17, 2019 | Ed Blazina
    Ohio planners will move full speed ahead on a proposed hyperloop system that would carry passengers between Pittsburgh and Chicago in about 58 minutes for a one-way cost of about $93. But the full system, known as Mid-West Connect, probably wouldn’t be finished until about 2050. Thea Walsh, director of transportation and funding for the Columbus, Ohio-based Mid-Ohio Regional Planning Commission, said this week the agency is putting the finishing touches on feasibility and environmental impact studies but has concluded it should pursue the hyperloop system. The system being developed by Virgin Hyperloop One would move passengers and freight in...
  • $2 million study looks at hyperloop – 700 mph transit – that would cross Pennsylvania

    10/13/2019 8:19:47 PM PDT · by Tolerance Sucks Rocks · 63 replies
    The Patriot-News ^ | September 26, 2019 | Jana Benscoter
    Will a hyperloop work in Pennsylvania? That’s the question officials from legislative and executive branches, statewide agencies, organizations and departments, as well as a handful of private business leaders are trying to answer. Fifty people, invited to a workshop at Dixon University in Harrisburg on Wednesday, met to talk about the possibility of building a hyperloop system in the commonwealth. The Pennsylvania Turnpike Commission has until April 2020 to complete a $2 million state-legislative commissioned study on its viability. Media wasn’t permitted to attend the invitation-only meeting. According to the turnpike’s research, a hyperloop combines a magnetic levitation train and...
  • Why is Europe so absurdly backward compared to the U.S. in rail freight transport

    10/07/2019 5:25:12 AM PDT · by Gamecock · 68 replies
    Freight Waves ^ | 10/5/2019 | Vishnu Rajamanickam
    Over the last couple of months, major container lines and alliance carriers have been blanking several of their headhauls from Asia to Europe, citing weak peak season demand. Since July 2019, seasonal rates have been consistently lower year-on-year with container prices in China to North Europe lanes moving lower; there was a 21% decline this month compared to October 2018. Container lines blank their headhauls because it helps them marginally stabilize the declining container spot rates. However, this would come at the expense of North America, as every vessel withdrawn from the European market will mean a lost backhaul voyage...
  • I-11 opponents in Hidden Valley find accord with Finchem (Arizona)

    09/22/2019 1:41:28 PM PDT · by Tolerance Sucks Rocks · 6 replies
    In Maricopa ^ | August 27, 2019 | Raquel Hendrickson
    Republican Mark Finchem and Democrat Tom O’Halleran agree on at least one thing regarding Interstate 11. Both expect to be deceased before the proposed roadway becomes a reality. Finchem, a District 11 state representative spoke to Hidden Valley residents last week in a gathering attended by Blanca Varela, a representative from Congressman O’Halleran’s office, at Mountain View Community Church. The proposed interstate is a long-range goal of Arizona Department of Transportation and is expected to pass through Hidden Valley south of Maricopa. While Finchem has been outspoken against I-11, O’Halleran has remained neutral. Varela said the congressman had expressed to...
  • A trucking startup just beat Tesla and Waymo to run driverless semi-trucks on the open road

    06/26/2019 5:53:00 AM PDT · by Moonman62 · 91 replies
    Business Insider ^ | 6/26/19 | Rachel Premack
    Starsky Robotics is now testing autonomous trucks that have no driver inside, the San Francisco Bay Area startup announced on Wednesday. As of June 16, Starsky began operating truly driverless semi-trucks on the Florida turnpike. It's a first in the industry. To be sure, there are plenty of autonomous trucks on the road. TuSimple has a fleet of more than 50 trucks making three to five revenue-generating routes per day in Arizona. Waymo resumed testing its self-driving trucks in Phoenix, after ending the tests two years ago. Embark's trucks drove more than 124,000 automated miles last year. And Tesla has...
  • 21st Century Policy Opinion: Stop Federal Spending Outside Freight Corridors

    06/12/2019 4:39:38 PM PDT · by Tolerance Sucks Rocks · 18 replies
    For Construction Pros ^ | June 10, 2019 | Marc Scribner, senior fellow at the Competitive Enterprise Institute
    The U.S. Interstate Highway System is the backbone of American commerce and personal travel. Funded on a pay-as-you-go basis largely through federal excise taxes on motor fuel, today it accounts for 25% of total vehicle-miles traveled despite accounting for just 2.5% of total road network lane-miles. Yet, much of the Interstate system, construction of which began in the 1950s, is nearing the end of its functional life, along with the infrastructure of other surface transportation modes. Over the next two decades, trillions of dollars of investment will be needed to rehabilitate and in some cases rebuild this infrastructure, according to...
  • SunTrax project moves toward phase two in Polk

    06/12/2019 4:29:36 PM PDT · by Tolerance Sucks Rocks · 3 replies
    The Ledger ^ | June 3, 2019 | Gary White
    AUBURNDALE — Florida has one of the world’s most famous asphalt ovals in the Daytona International Speedway. A slightly smaller track recently completed in Auburndale won’t draw massive crowds for races, but it’s part of a project that could hasten the day when self-driving vehicles take over the roads. Crews finished laying asphalt for the 2¼-mile oval — phase one of SunTrax — in early May, and construction will begin in the coming months on infield elements designed for the development and testing of connected and autonomous vehicles. The second phase of SunTrax, a project overseen by Florida’s Turnpike Enterprise...
  • Breaking: Amazon's Digital Freight Brokerage Platform Goes Live

    04/28/2019 1:20:43 PM PDT · by amorphous · 30 replies
    MSN Money ^ | 27 April 2019 | Freight Waves
    Today, freight brokers' and carriers' worst nightmare has come true: Amazon.com, Inc. (NASDAQ: AMZN) has quietly taken its digital freight brokerage platform live at freight.amazon.com, and it is undercutting market prices from 26 to 33 percent. Early this morning, in a client note responding to Amazon's announcement that it would begin offering free one-day shipping to Prime members, Morgan Stanley equities analyst Brian Nowak made a cryptic prediction. "We see AMZN's 1-day Prime shipping raising consumer expectations and increasing the cost to compete in e-commerce. Over the long term, we also see this as a Trojan horse for Amazon to...
  • EU agrees to cut greenhouse gas emissions from trucks

    02/19/2019 7:29:43 AM PST · by Olog-hai · 2 replies
    Reuters ^ | February 19, 2019 2:04 AM | Philip Blenkinsop
    The European Union agreed on Tuesday to reduce emissions of carbon dioxide (CO2) from new trucks and buses by 30 percent by a 2030 deadline as part of its commitment to cut its output of greenhouse gases. […] The EU currently has no limits on emissions from heavy-duty vehicles, unlike the United States, China, Japan and Canada. Trucks account for almost one quarter of the bloc’s transport-related emissions. […] Curbs on the transport sector, the only one in which emissions are still rising, aim to help the bloc meet its overall goal of reducing greenhouse gases by at least 40...
  • National Truck Driver Appreciation Week

    09/25/2018 2:48:28 AM PDT · by 2ndDivisionVet · 10 replies
    Outdoor Hub ^ | September 10, 2018 | Staff
    Ever since then Lieutenant Dwight D. Eisenhower lead a convoy of early trucks across the United States in 1919, the role of the American truck driver has been cemented in our culture, history and economy. Because of the importance truckers play almost a century after that famous cross country trip, the American Trucking Associations celebrates National Truck Driver Appreciation Week.As part of this well deserved celebration, Shell Rotella is launching an all new season of the hit CarbonTV original, “Roadworthy”. In the show, viewers will meet and ride along with truckers around the United States who have a strong desire...