marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
transportation
02/10/2023
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By Belle Carter
Amazon, DHL reduce cargo flights as consumer demand weakens
The Air Transport Services Group (ATSG) announced earlier this week that two of its major partners – technology and retail giant Amazon and logistics firm DHL Express – are reducing flight schedules for their contracted fleets in response to weaker e-commerce demand. ATSG provides aircraft leasing and outsourced transportation services for cargo customers. While it issued an outlook for […]
02/08/2023
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By Cassie B.
As gas prices rise for 5th straight week, experts warn high prices will persist through summer
Gas prices in the U.S. rose for the fifth week in a row during the last week of January, and industry analysts report that they are unlikely to drop in the near future. According to GasBuddy, the national average reported last week of $3.49 per gallon represents a rise of 33.3 cents over the figure […]
01/26/2023
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By Ramon Tomey
Michigan trucking company auctions equipment after ending 51 years of business operations
A trucking company based in Michigan auctioned off its equipment after 51 years of business operations. The assets of family-owned Art Mulder & Sons Trucking (AMST) were auctioned online on Jan. 24. Orbitbid, a subsidiary of Miedema Asset Management Group, handled the online action. Some of the assets from the Holland, Michigan-based trucker included 35 […]
12/08/2022
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By JD Heyes
Supply chain shutdown: Biden’s attempt to force through rail worker deal is set to backfire in a big way, causing widespread shortages across the country
Joe Biden and the Democrat-controlled Congress, all of whom claimed for decades to be ‘friends of the unions,’ just passed a major piece of legislation screwing over unionized rail workers, and many of them are not about to take that lying down. In order to avoid what appeared to be a looming rail strike — […]
11/24/2022
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By Belle Carter
PLUMMET: Maritime, rail and trucking demand DROPS sharply from pandemic era peak
Container imports, rail intermodal shipments and truckload demand have dropped sharply from their lofty peaks during the Wuhan coronavirus (COVID-19) pandemic era. The Inbound Ocean TEUs Index (IOTI), which measures container import bookings, is currently just six percent higher than in November 2019, after averaging 80 percent above pre-pandemic levels through most of 2021. Loaded […]
11/18/2022
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By Kevin Hughes
Travelers blast PRICE GOUGING by airline companies as airfare prices jump 43%
Travelers took to social media to decry overcharging by airline companies as travel fares went up by more than 40 percent over the past year. The Daily Mail reported that several travelers blasted airlines for exorbitant air fare. One traveler deemed the current rate “unacceptable,” while another slammed “atrocious” airlines for charging high prices to people who simply […]
11/17/2022
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By Belle Carter
LA Port’s October imports drop 28% year-over-year as labor negotiations drag on
The Port of Los Angeles has reported that its total throughput in October was 678,429 20-foot equivalent units (TEUs), almost 25 percent less compared to the same month last year. Meanwhile, imports totaled 336,307 TEUs – down 28 percent year-over-year. The biggest drag was from incoming cargo that has shifted to the East and Gulf […]
11/03/2022
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By Belle Carter
Freight companies expect “muted peak season” due to waning retailer demand
Freight companies are now preparing for what executives are calling a “muted peak season” as diminishing shipping demand from overstocked retailers ripples across the country’s shipping markets. According to the Wall Street Journal (WSJ), the changes are cascading across freight operations, cutting into inbound shipping volumes and bringing fewer goods onto the roads. “The fourth […]
10/26/2022
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By Belle Carter
Shipping cost from Asia to US West Coast drops 84% year-over-year as consumer demand plunges
The current season is turning to be a dull one for the transportation-logistics industry as economic activities in the ports of Los Angeles and Long Beach in Southern California, the heart of U.S. supply chain congestion, began to dampen. This led to a massive drop in the cost of shipping containers. In September 2021, the average […]
10/19/2022
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By Mike Adams
Eight critical PREDICTIONS that will reshape the rest of 2022 and all of 2023: Food, finance, war, layoffs, pandemic bioweapons and more
While 2022 isn’t yet over — and there’s still a risk of a false flag event before Election Day — from what we already know about what’s coming, 2023 is going to be a far worse year on several fronts. First, food scarcity is going to get a whole lot worse across the globe. Energy […]
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