The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.
Archive for July, 2016
A new Transportation Department report shows trucks carried more U.S. freight by value with its North American Free Trade Agreement partners, Canada and Mexico, in May compared to the year before. But declines in all other freight modes led to a 3.1% decrease in the dollar value of cross-border freight, totaling $89 billion.
If you want to know anything about driving a truck, you might consider making your first phone call to Frank Calvert. He’s been driving for 60 years and has five million miles under his seatbelt.
Recognizing the importance of labor stability in the face of growing competition from Canadian and East Coast ports, the International Longshore and Warehouse Union will call delegates to San Francisco Aug. 10 to 12 to consider a vote on launching early talks with West Coast employers to extend the current coastwide contract beyond its July […]
HUB Group expects intermodal volumes to grow 2 to 4 percent this year, despite a 2 percent decline in consolidated intermodal volume in the second quarter. Bid awards and marketing initiatives pushed volumes up 1.5 percent in June, HUB said, reversing the decline in traffic. (This article requires registration at the Journal of Commerce. To […]
The U.S. economy grew far less than expected in the second quarter as inventory investment fell for the first time in nearly five years, but a surge in consumer spending pointed to underlying strength. Gross domestic product increased at a 1.2 percent annual rate after rising by a downwardly revised 0.8 percent pace in the […]
The average price of diesel fuel fell again last week, continuing a steady decline in prices that began over a month ago, according to the latest numbers from the Energy Department.
Freight shipments and expenditures edged up in June after three months of lackluster performance, hitting their highest levels of the year, according to the Cass Freight Index – but it remains unclear whether this is part of a larger trend.
For-hire truck tonnage in the U.S. continued its see-saw course in June, dropping 1.5 percent from May after increasing a revised 2.9 percent that month, the American Trucking Associations said Tuesday. That indicates U.S. freight markets had difficulty finding traction at the end of the second quarter despite low unemployment, comparatively low fuel prices and […]
Beneficial cargo owners who question if the Port of Long Beach will have access to sufficient, affordable power while building a zero-emission harbor should rest assured that the second-largest U.S. port is already well-along in achieving that goal. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)