Diesel prices across the United States jumped 4.9 cents a gallon in the week ending July 11, rising for the first time in a month just as oil prices on world markets showed new upward pressure, the U.S. Energy Information Administration said,
The container shipping industry is not the only segment of ocean carriage under severe pressure, said Moody’s Investors Service. Bulk and breakbulk carriers are also suffering the consequences of too much capacity.
A key measure of truckload capacity eased last week, after tightening for several weeks. The Longbow Research Truckload Barometer dropped 16.5 percent from the prior week, leaving the index 1.2 percent lower than its level a year ago.
Import cargo volume at the nation’s major retail container ports is staying at about the same levels as last year this summer, but is expected to resume increases in the fall, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.
The Department of Transportation’s payments to states for infrastructure work funded by the 2009 stimulus law reached $29.6 billion by the end of June, with thousands more road and rail construction projects still under way.
The American Transportation Research Institute launched a survey to identify the impact of CSA on trucking operations as well as carrier perceptions and attitudes toward FMCSA’s new regulatory program.
Secretary of State Hillary Clinton jumped into the battle in Washington over free trade agreements with South Korea, Panama and Colombia on Tuesday, urging Congress to approve the long-delayed pacts before lawmakers take a summer recess.
– Ben Dundas, Web Analyst
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