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.
The Federal Maritime Commission (FMC) has concluded its review of the proposed OCEAN Alliance, allowing it to become effective on Monday, October 24, 2016.
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.
Construction spending in New York City is on track this year to surpass the record set just before the financial crisis as an all-time high in city jobs drives strong demand for new housing and office space, an industry association said on Tuesday.
Freight started moving into Florida again last week, due to pent-up demand following Hurricane Matthew. Van load volume and rates rose higher throughout the Southeast, especially on lanes heading into areas in the Carolinas that were affected by flooding and road closures.
After offering a glimmer of “less bad” hope in August, one measure of freight shipments data in September disappointed — although there are a few areas of growth. Turns out that September report was “false hope.”
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 15, 2016.For this week, total U.S. weekly rail traffic was 531,936 carloads and intermodal units, down 4.2 percent compared with the same week last year.
Trucking executives are ranking 2016 as one of the more disappointing years for the industry after having high hopes that bulging volumes and profits of last year would continue.
The marine terminals at the Ports of Los Angeles and Long Beach held a workshop with industry stakeholders over the weekend to evaluate potential alternatives to the current extended gates model used at the ports under the OffPeak Program.
FTR’s Intermodal Competitive Index (ICI) rebounded from July to a reading of 2.16 in August. The updated August reading – while certainly not particularly strong – does ease some of the concerns that the weak July reading created and, in some measure, confirms suspicions that the number of work days in July impacted the index […]
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