When demand for cargo transportation falls, so do short-term rental rates for the ships that deliver that cargo. Lease rates climb as freight demand rises. This can be seen in spot rates for supertankers transporting crude oil from the Middle East and huge bulkers transporting iron ore to China (poor...
Mexico’s exports and manufacture of heavy-duty trucks fell in May.
According to officials, global supply chain challenges and parts shortages continue to impact Mexico's truck production and exports. In May, Mexican-made heavy-duty cargo truck exports declined 24% year on year to 6,021 units, while output fell 20% year on year to 7,179 units. Both the May export and production figures...
Rail authorities have ‘Beltway fever,’ according to one expert.
A recent hearing before the United States Surface Transportation Board (STB), the country's primary rail regulator, offers a sobering example of what might happen when a regulatory body deviates from its mandate. The STB held a hearing on "Urgent Issues in Freight Rail Service" on April 26. Given the depth...