Archive for December, 2016

Economic Watch: Overall Growth Revised Higher, Business Investment Up

The nation’s gross domestic product, which measures the total output of goods and services, expanded at a rate of 3.5% in the third quarter of the year, according to the Commerce Department. This third and final estimate is up from a 3.2% rate estimated a month ago and a 2.9% estimate in late October.

U.S. consumer confidence hits 15-year high in December

U.S. consumer confidence shot to its highest in more than 15 years in December as expectations for strength in job growth, business conditions and the stock market continued to build following the U.S. presidential election, a survey said on Tuesday.

New fight brews at FMC over detention and demurrage

A diverse group of shippers is challenging fees that container lines and marine terminals impose for delays at US ports. But first the shippers need approval from federal maritime regulators. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)

Boeing Looks Ahead To China, Which Could Become Its First Trillion-Dollar Market

Boeing expects China to become its first trillion-dollar market. It projects the country would need more than 6,000 new commercial airplanes to accommodate its expanding aviation needs for the next two decades. In 2016, China bought 164 airplanes from Boeing, amounting to about $11 billion, and making the country its largest customer. Boeing hopes to […]

Mexico gasoline prices to rise as much as 20.1 percent in January: government

Mexican gasoline prices will rise by as much as 20.1 percent next month compared to the highest recorded prices in December, the government said on Tuesday, as part of a program to end years of government-set prices at the pump. Diesel will rise 16.5 percent, with an average price of 17.05 pesos per liter.

YEAR IN REVIEW: POLICY DEBATES IMPACTING RETAILERS IN 2016 AND BEYOND

The National Retail Federation anticipates that the Trump administration will seek action on three legislative priorities — tax reform, regulatory reform and Affordable Care Act repeal — very early next year. NRF’s agenda for 2017 and beyond is driven by retailers’ input, and many 2016 issues — swipe fees, online sales tax, trade, tax reform, […]

November ATA truck tonnage sees gains, continuing uneven growth pattern

Uneven truck tonnage patterns continued in 2016, according to data issued this week by the American Trucking Associations (ATA). Seasonally-adjusted (SA) for-hire truck tonnage in November at 142.4 (2000=100) was up 8.2 percent compared to October, following a 0.3 percent October dip from September.

Trump’s DOT chief pick calms shipper, transport provider nerves

Elaine Chao is no new face to Washington circles and has a track record of rolling back regulation and a pro-business reputation. Her pro-business approach could be a big win for motor carriers that have faced a laundry list of regulations that although aimed at increasing driver safety, threaten to tighten capacity and increase shipping […]