U.S. second-quarter growth was revised upward to the fastest pace in two years on stronger household spending and a bigger gain in business investment, putting the economy on a stronger track, Commerce Department data showed Wednesday.
Shippers, transport providers steel for long Harvey recovery
Freight transportation in and around Houston remains at a standstill as companies check on staff, assess damages, and prepare for a difficult recovery and higher truck rates after historic flooding unleashed by Hurricane Harvey. Port terminals, major highways, rail lines, airports, industries, trucking docks and warehouses remain closed, along with most regular business activity in […]
Cold chain pharma logistics is heating up
Most of us have seen the ads, while millions are ordering fresh food delivered as ready-to-prepare ingredients to their homes-products that require control of exposure to extreme temperatures and extended last-mile transit times. This consumer-focused “cold chain”-temperature controlled supply chain-is only a recent example of a decades-long push to perfect a global system of item-level […]
U.S. Second-Quarter Growth Revised to 3% in Momentum Boost
U.S. second-quarter growth was revised upward to the fastest pace in two years on stronger household spending and a bigger gain in business investment, putting the economy on a stronger track, Commerce Department data showed Wednesday.
U.S. Consumer Confidence Increased in August
A measure of U.S. consumer confidence rose in August to the second highest reading since late 2000, a positive sign for growth in consumption in the coming months. The Conference Board on Tuesday said its index of U.S. consumer confidence rose to 122.9 in August from a revised July figure of 120. (This article requires […]
U.S. private sector added most workers in five months in August: ADP
U.S. private-sector employers hired 237,000 workers in August for the biggest monthly increase in five months, beating economists’ expectations, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 183,000 jobs.
China hints at more government spending to shore up economic growth
China will be “more proactive and effective” in implementing a pro-growth fiscal policy, the country’s two powerful economic ministers said, sending a strong signal that Beijing will loosen its purse strings to offset the impact on growth from its financial crackdown.
AAR Reports Weekly Rail Traffic for the Week Ending August 26 2017
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending August 26, 2017. For this week, total U.S. weekly rail traffic was 551,776 carloads and intermodal units, up 2.3 percent compared with the same week last year. Total carloads for the week ending August 26 were 272,153 carloads, up 1 […]
Road signs point to trucking price hikes ahead for US shippers
The freight-generating parts of the US economy gained speed this summer during a typically soft period for freight demand, pushing up shipment volumes and spot truck and intermodal rates. The atypically robust start to the third quarter in July spilled over into August, especially in the North American truckload and domestic intermodal spot markets. (This […]
July Cass Freight Index Report points to annual gains and sequential declines
Freight shipments and expenditures in the July edition of the Cass Freight Index Report from Cass Information Systems, which was released this week, showed annual gains for the seventh straight month and sequential declines. Many freight transportation and logistics executives and analysts consider the Cass Freight Index to be the most accurate barometer of freight […]