U.S. house prices are forecast to rise by a cumulative 10 percent over this year and next, driven by a scarcity of new homes, low interest rates and steadily-increasing demand, a Reuters poll of property market analysts showed.
Archive for August, 2017
Dollar, commodities cheered by China, U.S. data
Investors rediscovered a taste for the dollar and commodities on Thursday, as upbeat Chinese and U.S. economic news whetted appetite for riskier assets globally, while tensions over North Korea simmered in the background.
U.S. oil set for biggest monthly loss in over a year as floods hit demand
U.S. crude oil prices are on track to post the steepest monthly losses in more than a year on Thursday as concerns spread over falling demand in the world’s top oil-consuming country after storm Harvey knocked out almost a quarter of its refineries.
U.S. consumer spending rises modestly; inflation retreats
U.S. consumer spending rose slightly less than expected in July and annual inflation increased at its slowest pace since late 2015, which could diminish expectations of an interest rate increase in December.
U.S. Second-Quarter Growth Revised to 3% in Momentum Boost
U.S. second-quarter growth was revised upward to the fastest pace in two years on stronger household spending and a bigger gain in business investment, putting the economy on a stronger track, Commerce Department data showed Wednesday.
Shippers, transport providers steel for long Harvey recovery
Freight transportation in and around Houston remains at a standstill as companies check on staff, assess damages, and prepare for a difficult recovery and higher truck rates after historic flooding unleashed by Hurricane Harvey. Port terminals, major highways, rail lines, airports, industries, trucking docks and warehouses remain closed, along with most regular business activity in […]
ELD citations, fines begin Dec. 18; OOS not until April
Inspectors will, at their discretion, begin issuing citations for non-compliance with the federal electronic logging device mandate on the Dec. 18 deadline for adoption, the Commercial Vehicle Safety Alliance announced Monday. However, the 10-hour out-of-service order associated with non-compliance with the mandate will not begin until April 1, 2018, according to the CVSA, which is […]
Cold chain pharma logistics is heating up
Most of us have seen the ads, while millions are ordering fresh food delivered as ready-to-prepare ingredients to their homes-products that require control of exposure to extreme temperatures and extended last-mile transit times. This consumer-focused “cold chain”-temperature controlled supply chain-is only a recent example of a decades-long push to perfect a global system of item-level […]
Airlines respond to tropical storm Harvey relief efforts
The air cargo industry is responding to tropical storm Harvey which has ripped through the Texas Gulf Coast with record rainfall, causing extensive flooding. Rapid response aviation charity Airlink, partnering with 35 airlines and 60 non-governmental relief organisations, said: “Airlink’s humanitarian partners from across the US are responding to the need for rescue, shelter, food, […]
U.S. Consumer Confidence Increased in August
A measure of U.S. consumer confidence rose in August to the second highest reading since late 2000, a positive sign for growth in consumption in the coming months. The Conference Board on Tuesday said its index of U.S. consumer confidence rose to 122.9 in August from a revised July figure of 120. (This article requires […]