Texas swamped with major flooding

September 19, 2019

Tropical Depression Imelda continues to slam southeastern Texas and southwestern Louisiana with copious amounts of rain and life-threatening flooding. Galveston and Beaumont, part of the Houston freight market, have been some of the hardest hit areas with flooded streets resulting in evacuations, water rescues and roadblocks, as well as government office and school shut-downs…

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Source: https://www.freightwaves.com

California Governor Signs Law That Threatens Independent Contractor Status

September 19, 2019

California Gov. Gavin Newsom on Sept. 18 signed Assembly Bill 5 into law, a measure that trucking interests in the state say will wipe out the ability to use owner-operators.

In a signing statement, Newsom called the bill “landmark legislation for workers and our economy.” It will reduce worker misclassification, he said, of workers being classified as independent contractors rather than employees, and tied the issue to “the hollowing out of our middle class.”

He said the next step is “creating pathways for more workers to form a union… while preserving flexibility and innovation.” He pledged to “convene leaders from the Legislature, the labor movement and the business community to support innovation and a more inclusive economy.”…

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Source: HDT Truckinginfo

World’s Top Five Fastest Growing Airports for Passengers and Cargo Revealed

September 18, 2019

Airports Council International (ACI) World’s latest World Airport Traffic Report has revealed the top airports for passengers, cargo and aircraft movements and highlighted the world’s fastest growing airports for 2018.

Most of the world’s fastest-growing airports are located in emerging markets, a significant proportion of them being in the Asia-Pacific region. As many as 12 of the fastest-growing top 30 airports in 2018 are located in either China or India.

The full list of top airports for passenger traffic, cargo, and aircraft movements is as follows:

Source: Airports Council International (ACI)

Freight brokers: volumes firming up, rates lagging

September 18, 2019

When will brokers start putting pressure on shippers?

Expedited and truckload freight brokers told me today that while they’re seeing positive year-over-year volume growth across the board, overcapacity is preventing rates from rising higher in most lanes.

It is the case that capacity is gradually tightening—on a national basis, outbound tender rejections have jumped 102 bps since September 15 to 6.02% (OTRI.USA). It’s just not enough, yet, to raise prices on a national basis (DATVF.VNU). …

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Source: https://www.freightwaves.com

 

Shippers to benefit from Savannah if roads can keep up

September 18, 2019

Expansion plans at the Port of Savannah, which include opportunities for dual rail service between Savannah and Chicago, will benefit shippers so long as the transportation infrastructure leading up to the port can handle the additional potential volumes, analysts say.

“The challenges are going to be around the port infrastructure. Getting in and out of the port,” said Jason Seidl, managing director for investment firm Cowen. …

 

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Source: https://www.freightwaves.com