US Rail Freight Volumes Drop Sharply in Midjuly

US Rail Freight Volumes Drop Sharply in Midjuly

Data from the Association of American Railroads indicates a year-over-year decrease in U.S. rail freight and intermodal volume for the week ending July 16th. Among commodity segments, nonmetallic minerals, farm products, and motor vehicle parts & equipment saw growth, while coal, miscellaneous carloads, and grain declined. Year-to-date figures also reflect this downward trend. The analysis points to factors such as economic slowdown, supply chain disruptions, and competition from trucking. Strategies for improvement include enhancing operational efficiency and expanding service offerings.

02/11/2026 Logistics
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ATA Economist Predicts Freight Industry Trends at RILA Conference

ATA Economist Predicts Freight Industry Trends at RILA Conference

Bob Costello, Chief Economist at the American Trucking Associations, provided an in-depth analysis of the freight economic outlook at the RILA Retail Supply Chain Conference. He forecasts an economic slowdown rather than a recession in the near term, but a recession is inevitable, potentially in 2021. Despite challenges in the housing market, economic fundamentals remain solid, with strong manufacturing output. Long-term driver compensation has lagged, and increasing driver pay is crucial for the industry's sustainability and attracting new talent.

02/12/2026 Logistics Industry Insights
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SWIFTBIC Codes Essential for Seamless Banking Transactions

SWIFTBIC Codes Essential for Seamless Banking Transactions

This article discusses the structure of SWIFT/BIC codes and how to ensure their correct usage to avoid issues during international remittance processes. The SWIFT/BIC code for BANK OF AFRICA is BMCEMAMCBCB, located at 140 AVENUE HASSAN II, Casablanca. Understanding this information can significantly enhance the efficiency and security of fund transfers.

08/11/2025 International Settlement
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SWIFT Codes Essential for Global Money Transfers

SWIFT Codes Essential for Global Money Transfers

This article introduces the Bank of Communications' SWIFT code 'COMMCNSHBBU' and its usage to ensure accurate international remittances. It also outlines essential steps to consider during the remittance process and provides details on the specific structure of the SWIFT code, helping readers to efficiently and securely complete cross-border transactions.

08/20/2025 International Settlement
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