Global schedule reliability deteriorated to 74.5% in 2017, dropping by 8.4 points from 82.9% in 2016. SeaIntel Maritime Analysis said. Taiwanese container carrier Wan Hai was the most reliable carrier in 2017, with schedule reliability of 81.0%. Hamburg Süd and Evergreen followed close behind with on-time performance of 79.7% and 79.1%, respectively.
The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil. Yet, in a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly […]
U.S. employers added a robust 200,000 jobs in January, and wages rose at the fastest pace in more than eight years, evidence of a healthy job market. The pay gains suggest that employers are increasingly competing for a limited pool of workers. Raises stemming from Republican tax cuts and minimum wage increases in 18 states […]
The housing market in the U.S. has experienced a major uptick over the past two years. In 2016, existing home sales were the strongest they’ve been since 2006. More than a decade after the worst housing crisis in U.S. history, it seems we’re finally in a sustainable recovery period.
After nearly a decade of so-so profits, the $36 billion less-than-truckload (LTL) sector of the trucking industry is poised for impressive-if not spectacular-growth in 2018. Nearly all trucking analysts agree that consistently steady industrial and retail demand, the tightening of overall trucking capacity throughout the industry, and LTL’s special operational niche all are factors in […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 27, 2018. For this week, total U.S. weekly rail traffic was 543,515 carloads and intermodal units, up 4 percent compared with the same week last year. Total carloads for the week ending January 27 were 260,993 carloads, up 1.1 […]
The late Lunar New Year holidays this year may ease the pressure on an air cargo industry that saw severe space constraints on key east-west routes during the end-of-year peak season, frustrating shippers and causing freight rates to hit record highs. At the end of January there are still almost three weeks to go before […]
U.S. oil production surged above 10 million barrels a day for the first time in four decades, another marker of a profound shift in global crude markets. The milestone comes weeks after the International Energy Agency said the U.S. is poised for “explosive” growth in oil output that would push it past Saudi Arabia and […]
The new year got off to a strong start for job creation, with businesses adding 234,000 in January, according to a report Wednesday from ADP and Moody’s Analytics. Economists surveyed by Reuters had been looking for private payrolls to grow by 185,000.
A measure of contract signings to buy existing U.S. homes rose in December for a third month, giving sales some momentum at the start of 2018, according to data released Wednesday by the National Association of Realtors.
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