As the crisis continues in Japan, the demand for cargo space has far outpaced the available capacity, creating a sharp spike in cargo prices.
Nearly all Japanese automakers have idled production in Japan due to physical damage to plants or rolling blackouts that have plagued the area.
Chief Executives at the Truckload Carriers Association Conference discussed that trucking needs to make sure its customers have a clear understanding of the challenges the industry now faces.
The DOT’s Bureau of Transportation Statistics (BTS) has released the numbers showing a 24.3 percent annual increase over 2009. This is the largest annual increase from the time it has been collecting this data.
Secretary of Agriculture, Tom Vilsack urged Congress on Wednesday to approve a US-Korea Free Trade Agreement by July 1.
A record number of Americans are now worried over the cost of gas prices and the US dependency on oil imports. Nine out of ten US adults show concern and 79% are “greatly” concerned.
– Ben Dundas, Web Analyst