U.S. retail sales rose more than expected in October as households bought motor vehicles and a range of other goods, pointing to sustained economic strength that could allow the Federal Reserve to raise interest rates next month. The Commerce Department said on Tuesday retail sales increased 0.8 percent last month, also boosted by demand for […]
U.S. consumer spending rose more than expected in September as households boosted purchases of motor vehicles and inflation increased steadily, which could bolster expectations of an interest rate hike from the Federal Reserve in December.
Retail sales saw a slight increase of 0.2 percent in September compared with August, and grew a strong 3.5 percent year-over-year, according to numbers released today by the National Retail Federation. The calculations exclude automobiles, gasoline stations and restaurants.
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.
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. retail sales fell more than expected in August amid weak purchases of automobiles and a range of other goods, pointing to cooling domestic demand that could further diminish expectations of a Federal Reserve interest rate increase next week.
Free yoga classes. Interactive cooking tutorials. Virtual reality mirrors. With foot traffic continuing down a slippery slide, retailers are finding creative ways to get consumers into their stores.
With Korean ocean carrier Hanjin Shipping, the seventh largest ocean liner in the world that handles roughly 7% of U.S.-Asia cargo, filing for bankruptcy earlier this week, what happens next in regards to what happens to the cargo that was moving on Hanjin vessels at that time, as well as its subsequent short-term impact on […]
Signs the long-awaited reduction of U.S. inventories is underway are surfacing in the earnings reports of some major retailers, including Wal-Mart, the largest U.S. retailer. But retailers also show signs of struggling to strike a balance between on-line and in-store goods. (This article requires registration at the Journal of Commerce. To access, please click on […]
Consumers boosted spending in April to the highest levels in more than a year, accelerating their turn toward online shopping and widening the divide between in-store retailers and Internet outlets pitching lower prices and convenience. (This article requires a subscription to the Wall Street Journal. To access, please click on the above link.)
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