Imports of steel, plywood, and bagged goods, as well as petroleum and crude oil exports, boosted Gulf Coast ports in October. Imports to Port Houston are increasing significantly. According to port officials, container volume increased by 13% in October, owing to increased demand for bagged goods, plywood, and auto imports....
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Despite economic headwinds, FreightCar America is looking for market opportunities.
According to their comments on Tuesday's third-quarter 2022 earnings call with transportation analysts, FreightCar America executives were optimistic about the market environment for new rail cars despite macroeconomic uncertainties. "The rail car environment is more positive than not," said Jim Meyer, President, and CEO of FreightCar America. "The more positive...
Driver polls get to the heart of the retention crisis.
According to the American Trucking Association, the United States experienced a record shortage of 80,000 truck drivers last year. While the shortage has prompted many carriers to step up their recruiting efforts, data suggest that focusing on retention may be even more beneficial. Carriers frequently have turnover rates of more...