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Back it UpCategoryFactsheetsFactsheets CategoryIndustry NewsIndustry NewsResources

Back It Up: September 2024 Market Report

October 8, 2024 By L dobbins0 Comments
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As we wrap up September and fully embrace fall, we’re gearing up for the busy transportation season ahead—let’s take a moment to recap the past month! The U.S. Maritime Alliance filed a complaint accusing the International Longshoremen’s Association of stalling contract talks, with a potential strike by 45,000 dockworkers threatening U.S. cargo flow. In North Carolina, Hurricane Helene’s flooding caused 107 deaths and widespread damage, prompting rescue efforts and federal aid pledges. Meanwhile, the wind-powered cargo ship Anemos completed its first Atlantic voyage, highlighting emissions reductions, though cost savings remain unclear.

Diesel prices fell for the eighth consecutive week, down to $3.625 per gallon, with the largest declines in the Rocky Mountain and West Coast regions, though California saw a small increase. Freight brokers like C.H. Robinson and Echo Global Logistics continue to enhance digital tools to optimize operations, using AI to remain competitive amid industry disruption. Meanwhile, Utah’s smart traffic system, which allows buses to communicate with traffic signals, is part of a $20 million federal initiative to share real-time traffic data, though privacy concerns persist. As September comes to an end, this industry continues to change and adress challenges as they arise.

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