U.S. employers are advertising near-record levels of job openings, though the total slipped in August from July. Job openings fell 0.9 percent in August to just under 6.1 million, the Labor Department said Wednesday, from 6.14 million in the previous month. July’s figure was revised slightly lower but is still the largest number of available […]
Canadian exports fell for a third month in a row as the country’s trade deficit increased in August, Statistics Canada said Thursday. The trade deficit came in at $3.4 billion for the month, compared with a $3-billion deficit in July. The increase came as overall exports slipped 1 per cent to $43.6 billion in August. […]
Manufacturers that build cars and heavy trucks alike increasingly believe electricity – whether as stand-alone power or as part of a hydrogen-based fuel cell system – will play a critical role in powering motor vehicles in the not-so-distant future.
A digital transformation of the intermodal rail supply chain is gaining momentum as beneficial cargo owners (BCO) and freight intermediaries seek to extract information that will allow them to better put necessary labor and equipment in place. Whether the data comes from a bill of lading, proof of delivery, freight bill invoice, or customs declaration, […]
Airfreight rates on major east-west traders were largely flat in August, but are expected to have picked up again in September. The latest figures from consultant Drewry’s Sea and Air Shipper Insight show that the average all-in buy rate across 28 major east-west lanes stood at $2.63 per kg in September. This represents an increase […]
At the 2017 ELEVATE Conference yesterday, panelists agreed on the importance of sharing airfreight data to making the entire cargo journey visible to the customers and remaining competitive with large, innovative players like Amazon and Alibaba. But the larger question remains: What will motivate airport communities to share data?
Shipping confidence reached its highest rating in the past three years in the three months to end-August 2017, according to the latest Shipping Confidence Survey from Moore Stephens.
The U.S. average retail price of diesel crept up 0.4 cent to $2.792 a gallon, and oil dropped closer to $50 a barrel. Diesel now costs 40.3 cents more than it did a year ago, when it was $2.389 a gallon, the Department of Energy said Oct. 2. Prices for trucking’s main fuel climbed in […]
A closely watched measure of manufacturing activity in the U.S. reached a 13-year high in September, as strong demand and order growth rode out a severe hurricane season. The Institute for Supply Management said Monday that its index of manufacturing activity climbed to 60.8 last month from 58.8 in August, hitting its highest reading since […]
The three major U.S. stock indexes and the Russell 2000 posted record high closes for the second straight day on Tuesday, helped by gains in airlines and as carmakers rose after strong September vehicle sales. Major automakers posted higher U.S. new vehicle sales in September as consumers in hurricane-hit parts of the country rushed to […]
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