US import prices post the biggest drop in 6 months

U.S. import prices fell by the most in six months in June, pulled down by declines in the costs of petroleum and other goods, suggesting imported inflation remained subdued. The Labor Department said on Tuesday import prices dropped 0.9% last month, the biggest decrease since December. Data for May was revised up to show import […]

Online Stores Grab No. 2 Spot in $520 Billion US Retail Market

Online shopping has become the second-biggest chunk of the $520 billion U.S. retail market, after overtaking grocery stores and restaurants in June. Spending at nonstore retailers, which includes online vendors such as Amazon.com, rose 1.7% last month and drove the overall increase in sales, according to the Commerce Department.

US Industrial Production Unchanged in June

U.S. industrial production was flat in June, as a slump in utilities was offset by gains in output by factories and mining. The Federal Reserve said Tuesday that manufacturing production increased 0.4% last month, aided by a nearly 3% surge at auto plants. Still, factory output has been weak over the past 12 months, posting […]

US Adds (224,000) jobs in June

The U.S. added a robust 224,000 new jobs in June, rebounding from a recent lull and calming worries about the health of an economy now entering a record 11th year of expansion.

AAR Reports Weekly Rail Traffic for the Week Ending March 23, 2019

The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending March 23, 2019. For this week, total U.S. weekly rail traffic was 503,017 carloads and intermodal units, down 4.5 percent compared with the same week last year. Total carloads for the week ending March 23 were 236,817 carloads, down 10.9 […]