U.S. trailer net orders totaled 22,100 units in September, a 7 percent increase from August and a 62 percent increase year-over-year, according to the latest figures from the freight transportation analyst FTR.
Stakeholders concerned about possible lack of P3 funding for U.S. infrastructure
Despite promises of a 10-year, $1 trillion spending plan that would be 80 percent private investment, recent comments from President Trump indicate he will no longer pursue public-private partnership funding for U.S. infrastructure projects.
Trump to abandon public-private partnership funding in infrastructure plan
A key element to President Trump’s plan for securing funding for critical infrastructure upgrades and repairs across the country has now been emphatically rejected by Trump himself, according to reports from multiple media outlets.
CMA CGM to acquire Sofrana Unilines
The French ocean carrier will buy out Sofrana Unilines via CMA CGM’s subsidiary ANL by the end of this month, the company announced Monday.
ACP to allow swapping, substitution of booking slots between alliance boxships
Effective Dec. 1, 2017, the Panama Canal Authority (ACP) will allow the swapping and substitution of booking slots between container vessels of ocean carrier alliance members on a temporary basis, under certain conditions and for a fee.
St. Louis airport cargo volumes remind of TWA days
According to David Lancaster, cargo development director at the St. Louis Lambert International Airport (STL), “the prospects for cargo through STL look better than at any time since the closure of TWA’s hub operations in 2002.”
Commerce ups Q2 2017 U.S. GDP estimate
United States gross domestic product increased 3.1 percent in the second quarter of 2017, according to the “third” estimate from the Department of Commerce, up from the second estimate of 3 percent and first estimate of 2.6 percent.
Port of Oakland commission approves $11m rail link project
The proposed rail spur to a planned temperature controlled transload and distribution facility known as Cool Port is the final piece of a plan for a refrigerated gateway to Asia for U.S. meat exports, according to the Northern California port.
Stifel: E-commerce to swell transportation budgets
Higher e-commerce supply chain costs will induce companies to devote more money to overall freight movement, the investment bank’s transport and logistics group said in a note Tuesday.