Commerce Express Weekly Road Map:
May 28th, 2024
Keeping you informed on the latest news/insights in our industry.
Webinar: Managing Data Analytics in the Supply Chain
In the ANALYZE phase of our ENABLE Protocol, our customers gain the capacity to further look into their transportation systems.
Listen to this webinar to get a better understanding and insights into leveraging data analytics to optimize your operations.
Domestic Market Updates –
- Equipment: Recent data shows U.S. Class 8 truck sales reach a double digit decline (13%) in April, per Ward Intelligence.
- Ports: The Port of Portland’s container service may continue after all, as Oregon governor proposes funding to allows those service to be maintained. How did we get to this point? Read this blog for more information on why the Port was going to end container operations.
- Equipment: Trailer orders in April saw a year-over-year increase (37%) for the first time in several months, per ACT Research.
- Equipment: Two ELD’s have been removed from the FMCSA’s list of registered ELD’s due to not meeting the proper requirements.
- Ports: Container rail and truck dwell times at the LA/LB ports saw declines in April, per the JOC, leaving stakeholders optimistic as we get closer to peak season.
Repairs to I-95 Philadelphia Bridge Reach Completion, Open for Traffic
Last June, part of the I-95 Philadelphia Bridge was damaged, due to a tanker fire setting a blaze causing the under part of the bridge on the northbound lanes to collapse. Damage also occurred on the southbound bridge.
During this time, a temporary six-lane roadway was used to help get some traffic flow back on the busy Interstate. Now, just under a year later, those temporary repairs have become permanent, and all lanes of traffic have been reopened.
New Colorado Law Impacts Truckers Left Lane Access, Expands Chain Usage
A recent Colorado bill will prohibit semitrailers from using the left lane when crossing into specific “high-risk” areas on I-70. The only exception is when truckers need to safely pass a vehicle driving under the posted speed limit.
Another provision in the bill expands the chain use required for commercial motor vehicles, in several locations in Colorado.
Have questions? Reach out to our team today.
Commerce Blog
While some travelers will rely on air transport to bridge their trips, the majority of holiday-goers will hit the road. In what would be a record-breaking performance for Memorial Day travel (since AAA began tracking in 2000), 38.4 million Americans are projected to travel by car. The pacesetting number would also mark a 4 percent increase compared to 2023, while up 1.9 percent from 2019.
AAA, which also tracks prices at U.S. gas pumps, added that Memorial Day travelers can expect similar gas prices as last year when the national average was in and around $3.57 per gallon.
Prince Rupert Obtains Loan For Export Infrastructure Project
The Prince Rupert Port Authority has received a $110 million (C$150) loan from the Canada Infrastructure Bank (CIB) towards phase one of an export project.
According to the Port Authority, this project will increase capacity and efficiencies for rail-to-container transloading of several export commodities at the Port, improve the country’s overall supply chain, and increase trade.
Work has already started on phase one, with additional funding for phase two of the project expected to be approved later this year. Once construction is done, operations are expected to be open.
U.S. Rail Traffic From the Week Ending May 18th, 2024:
- Weekly data regarding U.S. rail traffic shows 474,886 carloads and intermodal units, a slight increase (0.9%) per AAR data.
- Intermodal volume in the U.S. saw a 6.2% increase (260,794 containers and trailers) from last year.
- Commodities including grain, petroleum and petroleum products, and chemicals all saw increases this week when compared to the same time last year. While coal, metallic ores and metals, and non-metallic minerals all saw decreases.
- For the first 20 weeks of this year, rail volume in North America saw a 2.1% increase (totaling 9,316,665) from last year, the data shows.
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