The Cass Freight Index, which is based on the shipments of hundreds of clients of Cass Information Systems, shows that February shipments were up 2.6 percent from the previous month and 11.4 percent year over year. This index is a great indicator of an improving economy and shows that the freight shipping industry should prepare for a strong rebound throughout the rest of the year.
The most recent edition of the Port Tracker report from the National Retail Federation is forecasting that import cargo volume at major US container ports will be up 7.5 percent for the first half of 2011.
The National Retail Federation is projecting an 11 percent increase in March over the previous year for container shipments. The NRF surveys the 10 largest ports to gather the accurate information.
The Federal Railroad Administration, in a legal settlement with the Association of American Railroads, has agreed to scale back the regulations on expensive train-control systems that prevent collisions.
The Department of Transportation is holding a public meeting on March 14th to discuss updating the federal regulations that the department and subsidiaries administer.
– Ben Dundas, Web Analyst