While still working with and waiting on Ottawa and Queen’s Park to put together a $40 million package for track maintenance and safety upgrades to the 288-kilometer line, which would avert a system wide shutdown, the Huron Central Railway has issued a notice to all 43 employees that their positions will be terminated at the end of December should the railway cease operation.
News in transportation
Truck, Rail, Air and Ship Freight Capacity Shortage Causing Freight Rates to Climb Higher
US retailers are stocking up for what they hope will be an outstanding holiday season. This despite the ongoing COVID-19 pandemic and unemployment numbers continue to edge higher. And, as of yet, no additional economic stimulus or increased unemployment benefits coming from Congress.
Transportation Capacity Hits New Lows – No Relief in Sight from Higher Prices
The Logistics Manager’s Index (LMI) for September reveals that transportation capacity are at all time low levels. The LMI, a survey of leading logistics executives, showed capacity fell to new lows in September, dipping another 770 basis points during the month to a reading of 23.8%.
Logistics Managers’ Survey Index Climbs Higher in July
According to the recently released Logistics Managers’ Index (LMI), which is a survey of leading logistics executives, transportation capacity declined to a 22-month low in July.
UPDATE – Hurricane Laura’s Impact on America’s Class 1 Railroads
With winds in excess of 120 MPH, Hurricane Laura made landfall last Thursday morning (8/27) and left a path of destruction in her wake.
Demand for Trucks and Cost per Mile Increases for Third Month in a Row
According to the DAT Network, nationally demand for trucks, flatbeds, vans and refrigerated units was up for the third straight month in a row, up almost 25% in certain shipping lanes and more than double the number for July 2019.
Truckload Freight Rates for Spot Loads Continue to Increase
Typically, spot truckload freight rates decline in late July. However, this year has been anything, but typical and spot truckload rates have increased for the second week in a row according to DAT Solutions, which operates the DAT One Load Board Network.
COVID – 19 Pandemic Slowing North American Rail Traffic
According to the Association of American Railroads (AAR), North American rail volume for the week ending Saturday April 4th, were […]
Freight Industry Layoffs Accelerating Across North America
The rapidly spreading COVID-19 virus is forcing a change in many North American residents daily work, shopping and entertainment patterns. […]
Federal Motor Carrier Safety Administration (FMCSA) Issues a National Emergency Declaration
For the first time in its history, the U.S. Department of Transportation, Federal Motor Carrier Safety Administration (FMCSA) has issued […]