U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles and lifted discretionary spending, suggesting the economy continued to gain momentum early in the third quarter. Retail sales for June and May also were revised higher, which should help to assuage concerns about a slowdown in […]
Contrary to public perception, U.S. manufacturing and logistics experienced dramatic growth over the past generation, says a study by the Ball State Center for Business and Economic Research (CBER) and Conexus Indiana. U.S. manufacturing production grew 11 percent since the 2000-2003 dot.com bust and ensuing economic turbulence of the 2001 and 2007-2009 recessions, reports Manufacturing […]
If there is indeed a retail apocalypse underway, nobody told The Home Depot. The home improvement chain said on Tuesday that comparable sales rose an astounding 6.6% in the United States in its most recent quarter, propelling the company to its highest quarterly revenue ever.
America’s shale gas production is about to surge 12 percent. Sort of. The Energy Department issued a report Monday estimating that the nation’s prolific shale formations will yield 59.4 billion cubic feet a day in September, a massive jump from the roughly 53 billion projected for August. The difference: The agency began including the more […]
As it indicated in its previous report, data recently issued by San Francisco-based freight forwarding and customs brokerage services provider Flexport in its July 2017 Market Update continues to pinpoint the pairing of rising volumes and rates with Peak Season here.
London Heathrow airport’s cargo traffic grew at an all-time high in July, largely driven by a surge in American Airlines trans-Atlantic shipments. Europe’s fourth-largest air freight hub handled 143,000 tonnes (157,300 tons), resulting in a 10 percent rise in traffic in the first seven months of the year to 966,580 tonnes and a 12-month increase […]
In the debate over just how much truckload capacity will be pushed from the US market because of the electronic logging device (ELD) mandate, the safety and productivity improvements often get lost. Those improvements will benefit shippers, motor carriers, third-party logistics, and drivers. The ELDs – which when connected to engines, brakes and other onboard […]
August had a stronger start than any month in more than a year and a half. The number of posted loads was nearly unchanged compared to the previous week while available capacity fell 2.1%. National average van, flatbed, and refrigerated rates all increased.
After hitting a new record high in May, a measure of the amount of freight moved by the nation’s for-hire transportation industry declined in June, according to new Transportation Department figures.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending August 5, 2017. For this week, total U.S. weekly rail traffic was 554,822 carloads and intermodal units, up 4.3 percent compared with the same week last year. Total carloads for the week ending August 5 were 273,199 carloads, up 1.9 […]
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