Despite network congestion and economic headwinds, intermodal freight saw solid growth in 2015, but the level of freight was barely up in the final quarter, according to the Intermodal Association of North America.
Archive for the ‘CONSUMER GOODS’ Category
Diesel Prices Slide Further While Oil Production Remains High
The average price of diesel fuel continued to fall last week amidst reports that global crude oil production would not be cut to meet lower demand, according to the latest numbers from the Energy Department.
U.S. Budget Deficit to Widen for First Time Since 2009
Last month’s frenzy of deal-making by Congress and the White House on spending and taxes will send deficits widening this year for the first time since 2009, the Congressional Budget Office said Tuesday. Deficits will also widen because economic growth has been lower than expected, tamping down forecasts for how much revenue the government will […]
Trans-Pacific rates inch up, but post-Chinese New Year rate slump looms
Spot freight rates on the Asia-U.S. trades held their ground this week, actually rising slightly and ensuring most of the sharp gains made in the Jan. 1 rate increase were retained for the rest of the month. The Shanghai-U.S. East Coast spot rate rose 2 percent to $2,466 per 40-foot container, while on the trans-Pacific […]
TopNews Survey: Motor Carriers Expect Stable Growth in 2016
The year now unfolding will be one of “stability for trucking,” contends Transport Capital Partners, given the results of the consultancy’s Q4 survey of motor carrier executives. TCP said that “despite tempered expectations” most of the respondents “remain optimistic that 2016 will bring solid growth for their companies.”
New Homes U.S. Home Sales Surged in December to a 10-Month High
Purchases of new homes in the U.S. surged in December to the highest level in 10 months, closing out the best year for housing since 2007. Sales jumped 10.8 percent last month to a 544,000 annualized pace, a Commerce Department report showed Wednesday. The Bloomberg survey median called for a 500,000 rate. For all of […]
Apple Falls After Forecast for First Sales Drop Since 2003
Apple Inc. fell the most in five months after forecasting a sales decline for the first time in more than a decade, adding to evidence that the market for smartphones is becoming saturated and that expansion in China is no longer enough to maintain the company’s unprecedented run of growth.
Economic Outlook Shows Continued Slow Growth in 2016
The economy is expected to continue to expand at a pace slightly above trends for 2016, according to Bill Strauss, senior economist and economic adviser, Federal Reserve Bank of Chicago. Speaking in Las Vegas at Heavy Duty Aftermarket Dialogue Monday, Strauss talked about a number of factors affecting the economy and offered his thoughts on […]
Home Prices in 20 U.S. Cities Climb by Most Since July 2014
Home prices in 20 U.S. cities rose at a faster pace in the year ended November, underscoring the shortage of supply amid steady demand. The S&P/Case-Shiller index of property values in 20 cities increased 5.8 percent from a year earlier, the biggest advance since July 2014, a report from the group showed Tuesday in New […]
SAUDI ARAMCO EXPECTS OIL PRICES TO RISE BY END OF 2016
Saudi Arabia’s state-owned oil giant expects oil prices will climb toward the end the year, saying the current price of around $30 a barrel is not sustainable.