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 […]
Filings for U.S. unemployment benefits declined to a 12-week low, underscoring the Federal Reserve’s view that a robust labor market is underpinning economic expansion.
Sales at U.S. retailers rose solidly in June for the fourth month in a row, pointing to a strong rebound in consumer spending in the second quarter that suggests the economy is not as fragile as the Federal Reserve apparently believes.
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.
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 […]
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.
Abundant vessel space and weak transportation rates to and from the United States should not pose a bankruptcy danger to international container ship fleets over the next few years, according to U.S. regulators.
The US-China trade war’s effects on truckload supply and demand in major west coast and east coast port markets
The US-China trade war has had a massive impact on supply and demand within the US truckload market. Companies scrambling to beat the deadline of the proposed tariff increases on Chinese-made goods pushed major ocean container volumes into the ports, and left US warehouses packed full of imported goods that were not meant to ship […]
Retailers and transportation providers are embracing a blend of final-mile delivery strategies to keep pace with rapidly shifting online shopping habits.
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 […]