June was another bumper month for US cargo airlines as the three major bellyhold players all registered double-digit percentage improvements in freight traffic. The largest US bellyhold airline, United, recorded a 22.3% year-on-year improvement in traffic in June to 280m cargo revenue ton miles. This is the airline’s tenth double-digit percentage improvement in a row […]
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Port of LA Ends Fiscal Year with Record Volumes
The Port of Los Angeles closed its 12-month fiscal year with total cargo volumes of 9.2 million TEUs, hitting its new annual record for most container throughput for a Western Hemisphere port. The volumes from the 12-month period increased by 9.7 percent, compared to 8.4 million TEU seen in the previous fiscal year ended June […]
Homebuilder Sentiment in U.S. Declines to an Eight-Month Low
Sentiment among American homebuilders deteriorated to an eight-month low in July on concerns about higher material costs, according to data Tuesday from the National Association of Home Builders/Wells Fargo.
U.S. makes lower trade deficit top priority in NAFTA talks
The United States on Monday launched the first salvo in the renegotiation of the 23-year-old North American Free Trade Agreement (NAFTA), saying its top priority for the talks was shrinking the U.S. trade deficit with Canada and Mexico.
U.S. retail sales fall for second straight month
U.S. retail sales unexpectedly fell in June for a second straight month, which could temper expectations of strong acceleration in economic growth in the second quarter. The Commerce Department said on Friday retail sales fell 0.2 percent last month, weighed down by declines in receipts at service stations, clothing stores and supermarkets.
China’s strong second-quarter GDP growth paves way for deeper reforms
China’s economy expanded faster-than-expected in the second quarter, setting the country on course to comfortably meet its 2017 growth target and giving policymakers room to tackle big economic challenges ahead of key leadership changes later this year.
AAR Reports Weekly Rail Traffic for the Week Ending July 8, 2017
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 8, 2017. The July 4th holiday is included both in this year and the comparable week of 2016. For this week, total U.S. weekly rail traffic was 453,080 carloads and intermodal units, up 2.4 percent compared with the same […]
Airfreight growth set to slow over summer months
Airfreight growth looks set to slow over the coming months after a bumper start to the year, according to one forwarder index. The latest APAC Forwarding Index shows that in June fewer Asia Pacific forwarders noted month-on-month growth than they did in May. The index showed that 41.4% of respondents registered higher airfreight volumes on […]
NRF: US Container Ports Brace for Busiest Months Ever
July and August should be two of the busiest months ever seen for imports at US major retail container ports, possibly setting a new record, the latest Global Port Tracker report released by the US National Retail Federation and Hackett Associates says.
Top 100 Retailers 2017
Welcome to STORES Top 100 Retailers. This annual compendium of the nation’s retailers is a ranking of the industry’s largest companies according to sales. Still, it’s the stories behind the numbers — the newly minted winners and the radical thinkers — who power these numbers and shape the future of retail. Explore the complete list […]