Companies that ship and handle goods moving through supply chains have a problem: they don’t often know where their shipments are in far-flung freight networks or when they will arrive.
During the past few years, rail cargo transportation service prices have been on a slippery decline. Despite increasing demand, tanking fuel prices have laid the track for cheaper rail transportation during the past three years. While falling prices have been a welcome relief to shippers, carrier profitability has still been increasing due to steady demand and absent competition for many routes. However, service prices rebounded in 2017 and look to keep pushing higher over the next few years as oil prices recover further. -Connor DiGregorio, Research Analyst, IBISWorld Inc.
Ohio, home to some of the fastest roller coasters in the world, may soon have a high-speed transport system that will actually take people somewhere other than back where they started.
The drive for cost cuts and higher margins at U.S. trucking and railroad operators is pinching their biggest customers, forcing the likes of General Mills Inc and Hormel Foods Corp to spend more on deliveries and consider raising their own prices as a way to pass along the costs.
As the Arabian Gulf region aims for a larger role in the global logistics market, which it is estimated will be worth $15.5tr by 2024, Saudi Arabia is upping its own logistics game and becoming a credible competitor to Dubai in the process.
Overall, 2017 was a good year for the ocean shipping industry. Operating margins for most carriers improved, driven by robust demand, positive inventory developments and higher rate levels.
The latest news, analysis, services and systems regarding rail and intermodal transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As rail and intermodal cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using rail and intermodal shipping solutions to power their supply chains.
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