Ford has become the first major foreign carmaker in Russia to see sales grow after three bad years, potentially vindicating its decision to double down on a notoriously volatile market when rivals decided to cut and run.
Archive for the ‘INDUSTRIAL’ Category
After Tough 2016, Heavy-Duty Truck Orders Rise in January
After a dismal 2016, the heavy-duty truck business looks to be picking up. Analysis of January sales by two different trucking industry research firms found that orders last month were unexpectedly strong. North American Orders for trucks in the heaviest Class 8 segment reach 21,600 vehicles, a 20 percent increase compared with the same month […]
Remove car imports, and U.S.-Mexico trade deficit disappears
America brings in lots of cars and auto parts from Mexico. It’s by far the No. 1 good shipped north of the border. If you take away those shipments, the U.S. wouldn’t have a trade deficit with Mexico. The U.S. imported $78 billion of cars and auto parts in 2015 from Mexico. America’s overall trade […]
U.S. factories expand in October; construction spending falls
U.S. factory activity increased for a second straight month in October amid a pickup in production and hiring, supporting views manufacturing would regain some momentum in the fourth quarter. The Institute for Supply Management (ISM) on Tuesday said its index of national factory activity rose 0.4 percentage point to a reading of 51.9 percent last […]
Economic Watch: Durable Goods Mixed, New Home Sales Best in 9 Years
Shipments and new orders for long-lasting manufactured durable goods were varied in September. While home sales continue growing, one key economic indicator fell. The increase of 0.8% in shipments last month is the third in the last four months and was led by a 2.3% increase in transportation orders.
Lawmaker urges USDOT to consider further crude-by-rail regulations Lawmaker urges USDOT to consider further crude-by-rail regulations
U.S. House Rep. Jaime Herrera Beutler, R-Wash., is urging the Department of Transportation to consider further regulation of freight trains carrying crude oil. Beutler earlier this week sent a letter to U.S. Transportation Secretary Anthony Foxx, Federal Railroad Administrator Sara Feinberg and Pipeline and Hazardous Materials Safety Administrator Marie Therese Dominguez asking DOT to study […]
Uber sets its sights on long-haul trucking and brokerage markets
For shippers, carriers, brokerages and really all other industry stakeholders that have not given much thought to the possibility of Uber becoming a truckload carrier, it appears it may be time to change that mindset.
Good news for West Coast ports
News that the 20,000-member International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) plan to meet again in early November should be welcomed by West Coast shippers who can recall cargo slowdowns that occurred over a nine-month period before being settled in the contract agreement of February 2015.
U.S. Auto Sales Continue to Show Signs of Little Growth
September U.S. auto sales are forecast to drop nearly 1% from a year ago, despite a record high for consumer discounts, J.D. Power and LMC Automotive said on Monday.
Chinese container port volume growth spurs recovery speculation
China’s main ports booked strong year-over-year growth in container throughput in August, fueling speculation of a possible trade recovery for the second half of the year in the world’s second-largest economy. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)