The U.S. government had a $147 billion budget deficit in May, an increase of 66 percent from the same month last year as the ledger took a hit from declining revenue and higher spending, according to Treasury Department data released on Tuesday.
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US producer price index rose 0.5% in May, vs 0.3% increase expected
U.S. producer prices increased more than expected in May, leading to the biggest annual gain in nearly 6-1/2 years, but underlying producer inflation remained moderate. The Labor Department said on Wednesday its producer price index for final demand rose 0.5 percent last month, boosted by a surge in gasoline prices and continued gains in the […]
Spot Truckload Capacity Tightens at Start of June
Demand outpaced capacity during the week including Memorial Day as the number of truck posts on DAT Solutions network load boards dropped 18% while load posts fell just 9% over the past week, according to newly released figures.
A sea change is about to transform the way people and goods move through cities
The world of transportation is changing and changing fast. After decades of little innovation, the past five years or so have ushered in a sea change and it will profoundly impact the way people and goods move, said Timothy Papandreau, strategic advisor and founder of City Innovate.
Rail Traffic for May and the Week Ending June 2, 2018
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending June 2, 2018, as well as volumes for May 2018. U.S. railroads originated 1,319,420 carloads in May 2018, up 3.2 percent, or 41,078 carloads, from May 2017. U.S. railroads also originated 1,398,203 containers and trailers in May 2018, up 6.6 […]
Canadian National Railway Chief Sees Capital Spending on “High Side” Again in 2019
Canadian National Railway Co. will likely top C$3 billion ($2.3 billion) in capital spending for the second straight year in 2019 as it aims to speed up trains and capture rising demand for freight such as grain and crude oil, its top executive said. Canada’s biggest railroad is already spending a record C$3.4 billion this […]
Serious business growth for air cargo in April
There was “serious business growth” for air cargo in April after fluctuating performance during the first three months of the year. Analyst WorldACD said that the cargo volumes increased by 4% in April, compared with a 4.8% improvement during the first quarter, when the Chinese New Year had its usual distorting effect on monthly comparisons […]
EIA reports diesel average falls for first time in 11 weeks
The average price per gallon of diesel gasoline fell for the first time in 11 weeks, according to data issued by the United States Department of Energy’s Energy Information Administration (EIA) this week. Falling 0.3 cents, the national diesel average now stands at $3.285 per gallon. Even with the decline, this marks the second highest […]
US Trade Gap Narrows to Seven-Month Low on Record Exports
The U.S. trade deficit narrowed to the lowest level since September as exports rose to a record, amid Trump administration tariffs and trade threats that risk hurting global commerce. The gap decreased 2.1% in April to $46.2 billion, from a revised $47.2 billion in the prior month, Commerce Department data showed June 6. The median […]
Wider Tariffs Threaten to Take a Big Economic Toll
The Trump administration’s imposition of tariffs on neighbors and allies presents a growing risk for the broader U.S. economy, as the prospect of a tit-for-tat trade war mounts. The U.S. has imposed steel and aluminum tariffs on the European Union, Canada and Mexico, and they have pledged to return fire on a range of U.S. […]