For more than a decade, Chinese political and corporate leaders have been scouring the globe with seemingly bottomless wallets in hand. From Asia to Africa, the U.S. and Latin America, the results are hard to ignore as China has asserted itself as an emerging world power. Less well known is China’s diffuse but expanding footprint […]
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U.S. Leading Economic Indicators Rose in March
An economic index that measures U.S. business trends continued to increase in March. The Conference Board Leading Economic Index rose 0.3% to 109, following increases with the index in January and February. Economists polled by The Wall Street Journal were expecting the index to rise by 0.3%. (This article requires a subscription to the Wall […]
The Retail Real Estate Glut Is Getting Worse
The fall of the Toys “R” Us chain, with more than 700 U.S. stores, shows how much retail real estate has changed in just the last decade. When KKR & Co., Bain Capital, and Vornado Realty Trust took over the company in 2005, the buyers justified the $7.5 billion price, in part, because of the […]
IMF Forecasts Global Growth of 3.9% This Year, Strongest Since 2011
The global economy is on course to grow 3.9% this year, the fastest pace since 2011, with every major economy poised to grow for the second year in a row, according to the International Monetary Fund’s latest forecast. (This article requires a subscription to the Wall Street Journal. To subscribe, please click on the above […]
Housing Starts Edge Higher as Apartment Construction Surges
U.S. housing starts increased in March but single-family home construction pulled back, which could spell continued inventory shortages and rapid price increases for buyers in the coming months. Total housing starts increased 1.9% in March from the previous month to a seasonally adjusted annual rate of 1.319 million, the Commerce Department said Tuesday. (This article […]
Overall Freight, Spending Post Double-Digit Gains in March; Truckload, Intermodal Rates Jump
Newly released figures on the health of the North American freight marketplace as well as on U.S. truckload linehaul and intermodal rates show all are at or near record highs. Both the shipments and expenditures indexes in the Cass Freight Index extended their run into positive territory during March, and are displaying accelerating strength.
ALLIED: US-China Trade War Leaving Bitter Aftertaste in Dry Bulk Market
The trade war between the United States and China has left a bitter aftertaste in the dry bulk market as the market recovery is slowly being eroded by the recent geopolitical frictions, ALLIED Shipping Research said its latest update.
European airports continue to report cargo growth in February
European airports saw cargo demand increase again in February, although there was a slowdown on growth levels recorded in January. The latest figures from Airports Council International (ACI) Europe show that freight demand increased by 5.7% year on year in February, down on January’s 8.7% uptick. This slowdown was to be expected as the Chinese […]
ELD deadline passes without fanfare but brings detention time into focus
Data from early April appear to suggest the “hard enforcement” deadline for use of electronic logging devices (ELDs) was not nearly as significant an event as the initial December implementation date.
Diesel Surges 6.1¢ to $3.104 a Gallon
The U.S. average retail price of diesel jumped 6.1 cents to $3.104 a gallon as oil remained near $66 a barrel after a U.S.-led force fired missiles into three Syrian chemical weapons-related sites. Trucking’s main fuel costs 50.7 cents a gallon more than it did a year ago, when the price was $2.597, the Department […]