Spot freight rates on the Asia-U.S. trades held their ground this week, actually rising slightly and ensuring most of the sharp gains made in the Jan. 1 rate increase were retained for the rest of the month. The Shanghai-U.S. East Coast spot rate rose 2 percent to $2,466 per 40-foot container, while on the trans-Pacific […]
Archive for January, 2016
The year now unfolding will be one of “stability for trucking,” contends Transport Capital Partners, given the results of the consultancy’s Q4 survey of motor carrier executives. TCP said that “despite tempered expectations” most of the respondents “remain optimistic that 2016 will bring solid growth for their companies.”
Last month’s frenzy of deal-making by Congress and the White House on spending and taxes will send deficits widening this year for the first time since 2009, the Congressional Budget Office said Tuesday. Deficits will also widen because economic growth has been lower than expected, tamping down forecasts for how much revenue the government will […]
The U.S. economy sputtered in the final months of 2015, a sign of flagging momentum amid global weakness and financial market turmoil. Gross domestic product, a broad measure of economic output, expanded at a 0.7% seasonally adjusted annualized rate in the fourth quarter, the Commerce Department said Friday. The economy had advanced 2% in the […]
Purchases of new homes in the U.S. surged in December to the highest level in 10 months, closing out the best year for housing since 2007. Sales jumped 10.8 percent last month to a 544,000 annualized pace, a Commerce Department report showed Wednesday. The Bloomberg survey median called for a 500,000 rate. For all of […]
Apple Inc. fell the most in five months after forecasting a sales decline for the first time in more than a decade, adding to evidence that the market for smartphones is becoming saturated and that expansion in China is no longer enough to maintain the company’s unprecedented run of growth.
Despite unexpected volatility in the first few weeks of 2016, Cushman & Wakefield anticipates one more year of strong absorption of industrial real estate space before demand in the warehouse and distribution sector slows down.This projection for 2016 follows an especially positive report on the fourth quarter-2015 warehouse and distribution industry. U.S. industrial markets absorbed […]
The economy is expected to continue to expand at a pace slightly above trends for 2016, according to Bill Strauss, senior economist and economic adviser, Federal Reserve Bank of Chicago. Speaking in Las Vegas at Heavy Duty Aftermarket Dialogue Monday, Strauss talked about a number of factors affecting the economy and offered his thoughts on […]
The Retail Industry Leaders Associations just named nine new members to its board of directors, including six CEO’s from some of the biggest names in retail. Joining the RILA board for the first time were CEO’s from J.C. Penney (Marvin Ellison) Foot Locker (Richard Johnson), PetSmart (Michael Massey), The Home Depot (Craig Menear), Michaels (Chuck […]
Saudi Arabia’s state-owned oil giant expects oil prices will climb toward the end the year, saying the current price of around $30 a barrel is not sustainable.