Orders for business equipment unexpectedly fell in March for a seventh consecutive month, a sign business investment will remain sluggish. But demand for all durable goods — items meant to last at least three years — rose 4% on aircraft and autos.
Archive for the ‘RETAIL’ Category
Port truckers strike in LA and San Diego, agreement reached with one major company avoiding strike
On Monday, April 27, 2015, port truck drivers serving the nation’s largest port complex began a strike of four major drayage firms serving the twin ports of Los Angeles/Long Beach, where a crippling slowdown in early 2015 sent shock waves through the U.S. economy. Primary picket lines are now up company yards in the greater […]
Truckers at nation’s biggest port complex strike over wages
LOS ANGELES — Truck drivers who haul goods from the nation’s busiest port complex in Southern California walked off the job Monday in a dispute over their wages and employee status, months after another West Coast labor conflict cost major delays in billions of dollars of trade.
Higher Prices Fail to Salvage Profits
The strong dollar is a given. The question now is whether American companies can raise prices enough to offset the damage without hurting sales. (This article requires a subscription with The Wall Street Journal. To access, please click on the above link.)
Congress must make moving freight a high priority
The current surface transportation bill, MAP-21, will expire on May 31. Congress must use this opportunity to craft new legislation that will, for the first time, make freight a high priority.
As E-commerce Sales Boom, Companies Need to Have Digital Strategies
In a report projecting $780bn in United States B2B e-commerce sales this year and $1.132tr by 2020, Forrester Research encourages companies to get to work now on a digital strategy for dealing with customers.
US Rail Intermodal Traffic Rises for Week
U.S. rail intermodal traffic rose 2.3% in the week ended April 11 compared with the same week last year, the Association of American Railroads reported.
Hapag-Lloyd orders five container ships for more Panama Canal trade
(Reuters) – Ship container line Hapag-Lloyd has placed an order for five vessels as it looks to bolster trade in Latin America ahead of next year’s planned expansion of the Panama Canal, the world’s fourth biggest player said on Monday.
New Jersey needs to invest in roads and rail to support port
New Jersey will need to invest more in highway and rail freight infrastructure to handle the increasing cargo volume at Port Elizabeth/Port Newark that is propelling the growth of the state’s transportation and logistics sector, said State Senate President Stephen Sweeney, D-Gloucester.
ATA Reports 5% Increase in Truck Tonnage
Truck tonnage rose 5% last month, providing an indication of continued economic expansion, American Trucking Associations reported.