Prices paid by American households declined in August as cheaper gasoline helped keep inflation below the objective of Federal Reserve policymakers.
Archive for the ‘RETAIL’ Category
Truckload rates up for sixth straight month
Truckload rates increased 3.7 percent in August 2015 compared to August 2014 following year-over-year increases of 3.6 percent in June and July, according to the latest Cass Truckload Linehaul Index.
Demand for rail service should continue to grow
In reporting weekly U.S. rail traffic as well as volumes for August 2015 and the first eight months of 2015, the Association of American Railroads said that traffic is beginning to show some signs of growth.
Intermodal infrastructure investments featured on CNBC
Demand for freight transportation is expected to rise sharply in the coming decades. The Federal Highway Administration estimates total U.S. freight shipments will rise to 28.5 billion tons in 2040 — a 45 percent increase from 20121. As demand grows, intermodal rail will play a critical role in the current and future freight transportation landscape.
U.S. Productivity Increases at 3.3% Pace in Second Quarter
WASHINGTON—U.S. worker productivity advanced this spring, reflecting a bounce back in economic activity following a slow start to 2015. (This article requires a subscription with The Wall Street Journal. To access, please click on the above link.)
CMA CGM Callisto, largest container ship ever to call Puget Sound, arrives at Terminal 18
Heralding the larger ships cascading into the trans-Pacific trade, the CMA CGM Callisto, the largest container ship ever to call Puget Sound, arrived Tuesday at Terminal 18 in Seattle.
U.S. Oil widens distribution and supply footprint with Indianapolis terminal acquisition
Appleton, Wis.- U.S. Oil, the petroleum and renewable energy distribution division of U.S. Venture, Inc., announced today that it has acquired a refined products terminal in Indianapolis, Indiana. The new terminal adds 410,000 barrels of capacity and expands U.S. Oil’s existing distribution network to 21 terminals in North America.
U.S. Construction Spending Hits a New Postrecession High
U.S. construction spending rose to the highest level in more than seven years in July, suggesting that the housing market and business investment can help underpin economic growth amid turbulence outside American borders. (This article requires a subscription with The Wall Street Journal. To access, please click on the above link.)
Eastbound trans-Pacific spot rates fall to 45-month low
Just days before trans-Pacific ocean carriers aim to implement aggressive general rate increases on eastbound services to North America, average spot rates from Shanghai to the U.S. hit their lowest level in almost four years. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
Interest in nearshoring remains strong, but trend may be slowing
Many executives are attracted to the potential cost savings of moving production closer to the end market. But concerns about safety, security, and the availability of skilled labor in these locations are giving some pause