The U.S. auto industry urged President Donald Trump’s administration on Monday not to saddle imported cars and auto parts with steep tariffs, after the U.S. Commerce Department sent a confidential report to the White House late on Sunday with its recommendations for how to proceed.
The National Retail Federation today forecast that retail sales during 2019 will increase between 3.8 percent and 4.4 percent to more than $3.8 trillion despite threats from an ongoing trade war, the volatile stock market and the effects of the government shutdown.
The turbulence in the stock market during the last month of the year has led many to forget that the overall state of the economy was positive in 2018, as it performed well by most measures, including year-over-year growth and a strong labor market.
A combination of rising global interest rates and ongoing trade protectionism will continue to create unexpected turbulence for logistics managers over the course of 2019, say analysts. Meanwhile emerging markets will provide opportunities for faster growth-yet each faces its own set of operational challenges.
Some of the issues of most concern to the industry, such as the driver shortage, hours of service, and truck parking, are affected by the growth of e-commerce and omni-channel marketing. The American Transportation Research Institute released an analysis of these impacts, including the challenges and opportunities posed by more regionalized retail supply chains and […]
Last year, the big question about the US economy was, “How fast will it grow?” Now, everyone’s asking, “How fast will it slow?” Euphoria has given way to worry and concern amid trade disputes, stock market volatility, and a partial government shutdown. Economists who spoke at the SMC3 Jump Start 2019 conference this week don’t […]
The Institute for Supply Management (ISM)reported today its Non-Manufacturing Report on Business that non-manufacturing activity grew to start 2019, albeit at a slightly slower level than it did to close 2018.
A slowing Canadian economy will result in consumer spending falling to its lowest level in a decade this year, according to a new report from the National Bank of Canada. Economists at the bank expect real consumption growth – which is calculated once the impact of inflation is stripped out – to hit 1.3 per cent in 2019, which would be the lowest since 2009 […]
The trade war between the United States and China has caused major disruptions for global businesses – but it may also bring benefits for some. Companies in Europe, Mexico, Japan and Canada could add tens of billions of dollars in export orders if the conflict drags on, according to a study released this week by the United Nations Conference on […]
Oil sank for a second straight day as service-sector orders fed worries about the economy and traders received another report of booming U.S. crude supplies.
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