Industrial production ticked up 0.3% in June as the mining and utilities sectors saw a boost from an increase in crude oil extraction.
Archive for the ‘CONSUMER GOODS’ Category
NS unveils corporate sustainability report for 2014
Norfolk Southern Corp. released its annual sustainability report that details the company’s efforts at improving locomotive fuel economy, reducing greenhouse gas emissions, improving operating safety and customer service, and increasing workforce diversity.
Sen. Cory Booker introduces bill to pay drivers for hours worked, up insurance minimums
WASHINGTON — Sen. Cory Booker, D-N.J., has introduced a bill that would require drivers to be paid for hours worked rather than by the mile, increase minimum insurance levels, require a ruling mandating crash avoidance technology and mandate speed limiters.
Given Overcapacity, Many Ocean Shipping Lines Likely to Struggle to Break Even in 2015
A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to the Container Forecaster report published by global shipping consultancy Drewry.
More Americans Filed Jobless Claims Last Week Than Forecast
More Americans than forecast filed for unemployment benefits last week, representing a pause in the pace of labor-market improvement. Jobless claims climbed by 15,000 to 297,000 in the week ended July 4, the highest since February, a Labor Department report showed July 9. The median forecast of economists surveyed by Bloomberg News projected claims of […]
IMF Sees 2015 Global Economic Growth at Weakest Rate Since Financial Crisis
WASHINGTON—Global growth is set to slow this year to its weakest rate since the financial crisis, the International Monetary Fund said Thursday, as China and other emerging markets decelerate and advanced economies still struggle to shrug off the legacies of the crisis. (This article requires a subscription with The Wall Street Journal. To access, please […]
Coalition for Transportation Productivity Asks Congress to Take Closer Look at Truck Size & Weight
This week, The Coalition for Transportation Productivity (CTP) a concern made up of roughly 200 United States-based manufacturers, shippers, carriers, and industry associations called on Congress to take a close look at data recently issued by the Department of Transportation (DOT) in its “Comprehensive Truck Size and Weight Limits Study, ” and focus on reforming […]
Port Tracker report presents positive perspective for expected volume gains in coming months
Spurred on by expected volume gains due to what is expected to be a hectic back-to-school season, United States-based retail container ports are expected to see decent volume gains in the coming months
DSME Workers Strike Over Unpaid Wages
A number of unionized workers at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) organized industrial action on Tuesday and Wednesday after the company missed a previously agreed deadline to pay KRW 20 billion (USD 17.7 million) of delayed wages, according to local media.
26th Annual State of Logistics Report: Freight moves the economy
In the best year for the freight transportation industry since the Great Recession, logistics managers chalk up efficiencies that drive further U.S. economic growth. However, capacity issues persist, causing shippers to worry about rate hikes as carriers continue to be meticulous in their partnerships.