(This article requires registration at the Journal of Commerce. To access, please click on the above link.) Shippers can expect domestic rates to spike within the next month as U.S. West Coast ports regain productivity and shippers rush to move containers long delayed by labor contract negotiations, an intermodal pricing index provider said Tuesday.
Expected post-Lunar New Year cargo growth will accelerate equipment, cargo handling and other costs going forward. While the full impact on ocean carrier deployments to U.S. West Coat ports has yet to be measured, major players comprising the Transpacific Stabilization Agreement (TSA) are standing firm on raising rates.
A stronger-than-forecast U.S. payrolls report strengthens the argument for the Federal Reserve to begin raising interest rates in June, after the jobless rate reached the range that officials view as full employment.
The Labor Department released last month’s employment figures Friday morning, and the report shows U.S. employers continued the high pace of hiring last month as the unemployment rate dropped, although wage gains continue to plod along at a slow, but steady, rate. All this points to an improving labor market and a boost in the […]
The average on-highway price of a gallon of diesel is slowly creeping back toward the $3 mark, and the weather may well have something to do with it. According to the Energy Information Administration of the Department of Energy, the average price increased 3.6 cents to $2.936 a gallon for the week ending March 2.
Exploding oil trains-this was only the latest in a series-have emerged as a dangerous side effect of the U.S. energy boom. A lack of pipelines connecting new fields in North Dakota and Texas to refineries and shipping terminals has led to an almost 5,000 percent increase in the amount of oil moved by trains since […]
The recent slump in fuel prices is so far failing to ripple through the U.S. economy as the cost of services such as rents climbs, bolstering the Federal Reserve’s view that inflation will eventually reach their goal.
Diesel prices continue rebounding since hitting their lowest level in five years last month. New U.S. Energy Department figures show the national average price of on-highway diesel gained 3.6 cents over the past week to $2.936 per gallon. Compared to a year ago it is still $1.08 less. This latest increase is the fourth straight […]
The average on-highway price of a gallon of diesel increased 3.5 cents to $2.90 for the week ending Feb. 23, according to the Energy Information Agency of the Department of Energy
Consumer confidence fell more than forecast in February as the initial elation over a drop in fuel prices waned and Americans grew less optimistic about prospects for employment and income. A recent increase in gasoline costs from a six-year low may be curbing the enthusiasm of some households after a plunge in prices last year […]
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