Modest Asian imports to Mexico through western ports are delivering fewer delays and steady spot rates — in the $1,300 to $1,500 per TEU range — while also raising questions about the health of inbound cargo in 2020 as the country’s economy cools further.
The number of Americans filing applications for unemployment benefits rose marginally last week, suggesting the labor market remains strong even as employers are becoming more cautious about hiring workers. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 219,000 for the week ended Sept. 28, the Labor Department said on Thursday.
U.S. consumer spending barely rose in August, suggesting that the economy’s main growth engine was slowing after accelerating sharply in the second quarter. The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, edged up 0.1% last month as an increase in outlays on recreational goods and […]
Factory orders fell 0.1% in August, the Commerce Department said Thursday. The decline was in line with economist expectations. Durable goods orders rose 0.2% in August, unrevised from last week’s initial estimate
Expansion plans at the Port of Savannah, which include opportunities for dual rail service between Savannah and Chicago, will benefit shippers so long as the transportation infrastructure leading up to the port can handle the additional potential volumes, analysts say.
The Georgia Ports Authority (GPA) announced yesterday it marked its busiest month ever for containerized trade in August, handling a 16.5 percent increase in container volume compared to the same month last year.
The introduction of new U.S. tariffs on Chinese exports could finally put airfreight markets on an upward trajectory ahead of the traditional peak season later in Q4 as shippers rush to beat the deadline.
U.S. new home sales jumped 7.1% in August, as low mortgage rates pull buyers into the housing market. The Commerce Department said Sept. 25 that new homes sales increased to a seasonally adjusted annual rate of 713,000, up from a revised 666,000 in July. So far this year, sales have risen a healthy 6.4%.
The Federal Motor Carrier Safety Administration (FMCSA) awarded over $77 million in grants to help states improve safety and reduce crashes. The funding package, announced on September 25, includes $43.3 million for truck safety technology, $32 million to improve commercial driver’s license (CDL) programs, and $2 million in commercial motor vehicle training for veterans.
Seasonally adjusted truck tonnage rose 4.1% in August compared with a year earlier, according to American Trucking Associations’ For-Hire Truck Tonnage Index. The index also showed seasonally adjusted tonnage increased 4.3% year-to-date compared with the first eight months in 2018.
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