Consumer sentiment advanced to a three-month high in April as Americans’ optimism about their current financial situation and the economy reached the strongest point since 2000, University of Michigan survey data showed Thursday.
Archive for the ‘Featured’ Category
AAR Reports Weekly Rail Traffic for the Week Ending April 1, 2017
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending April 1, 2017, as well as volumes for March 2017. U.S. railroads originated 1,283,489 carloads in March 2017, up 7.3 percent, or 87,183 carloads, over March 2016. U.S. railroads also originated 1,298,173 containers and trailers in March 2017, up 3.8 […]
Rail traffic sees big boost
U.S. rail traffic totaled 526,471 carloads and intermodal units for the week ending March 25, 2017, up 12% compared with the same week last year, the Association of American Railroads reported on March 29. Canadian and Mexican carriers also realized big gains.
AA Cargo connects Philadelphia and San Juan with widebody flights
American Airlines Cargo has started daily widebody flights between San Juan Luis Munoz Marin Airport and Philadelphia International Airport, connecting the two important pharma hubs. The daily Airbus A330-200 is an addition to the two narrowbody flights in operation, connecting Puerto Rico, a global hotspot for pharmaceutical manufacturing with 12 of the world’s top 20 […]
2017 Air Cargo Roundtable: Positive Outlook Driven by New Demand
Buttressed by the widespread availability of competitive rates and continued expansion in network connections, global air cargo markets showed renewed strength in the second half of the 2016 after a weak start.
U.S. Ports Forge Alliances to Keep Their Spots on Trade Map
U.S. seaports are joining forces, setting aside decades of regional competition over cargo as a wave of consolidation in the shipping industry threatens to cut some cities out of global trade routes. (This article requires a subscription to the Wall Street Journal. To subscribe, please click on the above link.)
Shipper body fears an ongoing boxship capacity crisis
The European Shippers’ Council (ESC) has revealed it will set up a temporary observer group composed of representatives of European exporters to monitor the ongoing ocean capacity shortage on services from Europe to Asia.
U.S. trade deficit falls from two-year high on weak imports
The U.S. trade deficit fell from a near two year high in February as slowing domestic demand weighed on imports and stronger global growth boosted exports of American goods. The politically sensitive trade gap with China narrowed sharply by 26.6 percent from January to $23 billion ahead of a summit between President Donald Trump and […]
Amazon Is Worth More Than Walmart, Costco and Target Combined
Amazon may not be the biggest U.S. retailer in terms of revenue, but it certainly is the most valuable. After a remarkable market run over the last two years, its stock has nearly tripled in value to an astronomical $922, swelling Amazon’s market cap to $439.8 billion, which far surpasses the combined valuations of rivals […]
Incoterms: Playing by the Rules
When doing business globally, who pays the freight, you or your vendor? Who assumes the risk if cargo is damaged? Enter Incoterms, a set of international rules that interprets the most commonly used trade terms.