Retailers and brands convened in New York City last week to experience the National Retail Federation’s Big Show, and once of the biggest topics on attendees’ minds was technology. From automation to personalization to social marketing, the growing importance of technology in the shopping experience was definitely top-of-mind for retailers and brands, including those in […]
US freight rates are set to rise not just this year, but into the near future, an investment analyst and economist said at the SMC3 2018 JumpStart Conference. “We could break records this year” in an economic cycle “unlike any other,” said Benjamin Hartford, senior research analyst at investment firm Robert W. Baird & Co. […]
Signals of a strong U.S. economy are showing up in freight demand. Last year, freight volume increased 3.7 percent, the largest annual gain since 2013, when the index was up 6.1 percent. These freight figures are a positive sign for 2018, especially combined with other factors such as increased U.S. manufacturing and solid retail sales, […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 20, 2018. For this week, total U.S. weekly rail traffic was 508,239 carloads and intermodal units, down 2.9 percent compared with the same week last year. Total carloads for the week ending January 20 were 241,258 carloads, down 7.6 […]
The freight rail associations representing Mexico, the United States and Canada, sent a joint letter to negotiators ahead of the sixth formal round of North American Free Trade Agreement (NAFTA) discussions being held in Montreal, Quebec, Jan. 23-28.
Logistics industry executives expect emerging markets to grow this year at their fastest rate since 2013, according to the latest Agility Emerging Markets Index. The annual index, which is put together by logistics firm Agility and consultant Transport Intelligence (Ti), includes a survey of the expectations of 500 logistics industry executives. For the year ahead, […]
The U.S. is poised to take the title of world’s largest oil producer this year. According to the latest report from the International Energy Agency (IEA), “this year promises to be a record-setting one for the US,” with the potential of surpassing the output of Saudi Arabia and Russia. The rapid increase in U.S. production […]
Imports at the US major container ports grew 7 percent during 2017 over 2016 as retail sales continued to increase and the industry wrapped up the year with a strong holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.
IBM and Danish shipping giant Maersk are teaming up to form a new company whose aim is to commercialize blockchain technology-the nifty, shared accounting ledgers first made famous by the cryptocurrency Bitcoin. The as-yet unnamed, New York-based venture is set to be owned 51% by Maersk and 49% by IBM, the companies said. The concern […]
A new survey suggests Canadian companies are more upbeat about the future than they were three months ago with more firms planning to boost investment and to hire more workers. The Bank of Canada poll found that overall business sentiment in the country has almost bounced all the way back to its summertime high.
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