The job losses suffered by the truck transportation sector in February have almost no precedent in the last 10 years, except for the massive drop in April 2020 and a similar drop almost 10 years ago. Bureau of Labor Statistics data reported Friday showed the truck transportation sector saw a decline of 8,500 jobs in…
A decline in flight hours for all-cargo airlines is another data point to gauge the sagging airfreight market that is typically measured in volume by tonnage or weight by distance carried. Freighter aircraft utilization fell an estimated 8.1% in January, the second steepest decline in three years after a 9% drop in December, according to…
Norfolk Southern has alerted the broader rail industry of a potential issue involving a specific model and series of rail cars, and that alert has led to a call to remove those rail cars from service until the wheel sets in question can be replaced. NS (NYSE: NSC) said late Thursday that the specific model…
Supply chain disruptions during the pandemic affected many sectors of the U.S. goods economy, from the sudden demand shocks that consumer packaged goods companies faced in the spring of 2020 to rolling shortages of building materials, furniture and electronics later on. But the automotive industry was hit perhaps the hardest, and it’s not difficult to…
In the early days of 2023, shippers are navigating a more favorable national freight market. As last year wrapped with a gradual loosening of capacity and lower spot rates, the industry is settling into a deflationary period. Due to retail sales, manufacturing output, and imports decreasing in Q4, freight demand continued to contract across the…