Shipping and Logistics

January 7, 2017
Shippers Hope for Stronger 2017
Written by Sandy Williams
Shipping wound down for 2016 with mixed reports. Seaborne rates hit bottom and began an upward climb. U.S. river traffic was sluggish due to holidays and weather. U.S. rail volume, down overall for 2016, picked up in the final week of December. U.S. truck rates increased and shipping volume surged due to holiday delivery and the need to move freight before year end. Shipping associations are looking with cautious optimism for growth of the economy in 2017 that will lead to infrastructure spending and regulatory changes that will boost volumes and rates.
Seaborne


