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The post Daily Infographic: Rail freight works for America appeared first on FreightWaves.
The post Daily Infographic: Rail freight works for America appeared first on FreightWaves.
Container volumes at South Carolina Ports slipped by about 10% year over year when comparing fiscal year 2023 with 2022, but they were up by about 1% from 2021, the port authority reported. Fiscal 2022 volumes were fueled by pandemic spending, which in turn produced an “unprecedented cargo boom,” SC Ports said Tuesday. But fiscal…
The future of procurement is real-time. Historically, the procurement process has involved shippers securing quotes from carriers through the bidding process, with carriers putting forward rates and shippers choosing based on the best provider and price. However, whether bidding is done through RFPs or spot auctions, traditional methods leave money on the table. In the…
Entering the third quarter of 2023, the freight market is at a crossroads, teetering between tumult and a potential step toward balance. The first half of the year, best characterized by a capacity glut that pushed truckload spot rates underwater, has shown signs of bottoming. Now, the turmoil at major carriers is beginning to make…
Shipping along the Mississippi River could prove to be a massive headache in 2024, per a recent report from the National Oceanic and Atmospheric Administration. An unusually warm and dry winter — which allowed the Upper Mississippi River shipping season to begin earlier than usual this year — might herald drought conditions in key areas…
The diesel price benchmark used for setting most fuel surcharges is getting closer to a number it has not seen for about 15 months. With a 5.9-cent decline posted Monday, the latest Department of Energy/Energy Information Administration price of $4.018 a gallon just needs another drop next week of 1.9 cents to fall to less…
Former President Donald Trump is lashing out at President Joe Biden ahead of Biden’s scheduled trip to East Palestine, Ohio, this week, saying the current president waited too long to visit the site of the February 2023 train derailment. “Biden should have gone there a long time ago — for him to go now is…