Home » Resources » Blog » Logistics Industry Update: October 2014 in Review

Logistics Industry Update: October 2014 in Review

Back to Blog
Rushing headlong into the new month - not to mention the busy holiday season! - it's easy to miss the forest for the trees. If you're in the business, we have your birds-eye view of the last month of news in and around the logistics industry. Container yard at sunset Here are some of the headlines that you may have missed last month:
  • Triple play success for U.S. railroads, as stats continue to show increases across the board, for the week, month, and year-to-date. October typified this trend, with rail freight loads up 4.4% on October 2013 and the average weekly carload rate of 301,583 marking only the third time U.S. tracks have broken the 300K level in the past six years.
  • The transportation and warehousing sector added 13,300 new positions in October, following the wider economic climate in slow but steady job growth as the U.S. unemployment nudged down to 5.8%.
  • New York governor Andrew Cuomo's plan to divert JFK's airfreight to an upstate airfield has experts cringing. Despite the potential of Stewart International as an effective distribution hub, industry analysts say the combination passenger and freight aircraft that serve JFK mean the initiative is unworkable. The change could affect as many as 600 air freight forwarding companies who currently conduct operations through Kennedy.
  Let us know if there's anything important that you'd like to include in this monthly breakdown. We're always ready to add more information! Keep up with us on Facebook and Twitter for regular updates.