Shipping Industry – The Economic Times

The Indian shipping sector is expected to clock a revenue of $100 billion over the next five years, according to a report published by global research firm Frost & Sullivan. India’s containerised cargo market is estimated at about $40 billion, while its bulk carriers business is worth around $60 billion. 2. Container Shipyards – The … Read more

Truck-Driver Pay Rose 11% Amid Strong Freight Demand Last Year

Wages for truck drivers rose at a double-digit pace last year as companies laid out hefty salaries, bonuses and benefits packages to recruit workers in a market marked by tight labor conditions and high freight demand. The American Trucking Associations said in its annual salary survey that average wages for drivers of big rigs, from … Read more

Freight Demand Is Moderating Heading Toward the Fourth Quarter

Freight demand across the U.S. is showing signs of softening heading into the peak fall shipping season, in a turnaround from the rush to restock that strained capacity and led to surging prices last year. Freight rates are pulling back from historic highs, according to trucking-sector measures, and executives say the flood of shipments from … Read more