Orders for long-lasting durable goods fell in April, but a closely watched proxy of business investment moved higher. And although sales of existing homes declined, consumer sentiment remains strong. The Commerce Department reported on Friday new orders for durable goods fell 1.7% in April from the month before, as demand for new transportation equipment, mainly […]
Truck tonnage jumped 9.5% in April compared with the same period a year ago, according to American Trucking Associations’ monthly for-hire truck tonnage index. During the first four months of 2018, ATA’s seasonally adjusted for-hire truck tonnage index rose 8%, topping the 3.8% rise seen in the same period in 2017.
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending May 19, 2018. For this week, total U.S. weekly rail traffic was 546,415 carloads and intermodal units, up 3.6 percent compared with the same week last year. Total carloads for the week ending May 19 were 261,273 carloads, up 1.2 […]
The price of improving rail access to U.S. ports is steep, but the price of not improving access may be even costlier. A recent survey by the American Association of Port Authorities (AAPA) found members identified a need in excess of $20 billion during the next decade for multimodal port and rail access, but cited […]
The air cargo industry could save billions of dollars in costs if it automated transactions between various players in the supply chain, according to one speaker at the Air Cargo China event. During a panel discussion on the future of air cargo, Lufthansa Cargo chief commercial officer Alexis von Hoenbroech said he believed around 70% […]
The international shipping community can heave a sigh of relief as the United States and China bury the hatchet and pledge to stop the trade war.
U.S. President Donald Trump on Wednesday signaled a new direction in U.S. and China’s trade talks, saying the current track appeared “too hard to get done” and that any possible deal needed “a different structure.”
The U.S. House has approved a sweeping overhaul of bank regulations, sending to President Donald Trump a bill that will give him a chance to make good on his vow to “do a big number” on the Dodd-Frank Act.
Housing prices have recovered nicely from the bubble that was such a key factor in the last recession, but the growth could be ending soon, and a fall is coming, warn real estate experts.
Exporters in Brazil, Australia and Russia could feel the pinch if China switches suppliers of some of its big-ticket imports to head off a trade war with the United States, according to analysts. That was the assessment after two days of “constructive” high-level talks in Washington last week yielded a commitment from China to “substantially” […]
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