The first quarter, or “Quiet Season” in freight, is also impacted by a slowdown in Asian imports. Except for 2020, February import volumes are typically the low point each year before picking up in March and then steadily increasing to October, when import volumes usually peak. According to IHS Markit/PIERS data, February volumes decreased around…
The American Road & Transportation Builders Association’s (ARTBA) analysis of the recently released 2023 U.S. Department of Transportation (DOT) National Bridge Inventory (NBI) database finds that 36% of all U.S. bridges—over 222,000 spans—require major repair work or replacement. Placed end‐to‐end, these structures span over 6,100 miles – and would take over 110 hours to cross…
Two West Coast hurricanes in August and October have resulted in higher onion prices in the Pacific Northwest (PNW) in December, according to Owyee Produce in Parma, ID. Hurricane Hillary hit the West Coast of the United States in late August, followed by Otis in October, making landfall near Acapulco, on Mexico’s southern Pacific coast.…