U.S consumer confidence jumped to a near 16-year high in July amid optimism over the labor market while house prices maintained their upward trend in May, which could boost consumer spending after recent sluggishness. The reports on Tuesday underscored the economy’s strong fundamentals, expected to keep the Federal Reserve on course to raise interest rates […]
A slowdown in euro zone business growth at the start of the second half of 2017, alongside declining inflation pressures in a key business survey, could put paid to expectations of a stimulus clawback by the European Central Bank later this year.
Heavy-duty trucks that don’t need a driver behind the wheel could be on the road in as little as three years. That’s the assessment of industry experts speaking at the Automated Vehicles Symposium in San Francisco on Wednesday, where they laid out a tentative road map for how self-driving trucks will begin to integrate with […]
Asking suppliers to be “On-Time and In-Full” is a cost saving method that Wal-Mart will begin implementing in August, as reported by Matthew Boyle of Bloomberg News. The program, known as OTIF, aims to add $1 billion in revenue while solving a problem the company has faced with overcrowded back rooms. The company has been […]
Spot truckload freight activity in June rallied to record highs for the number of available loads while rates rose to their highest points in nearly two years, according to the DAT North American Freight Index. The June level increased 24% compared to May and was up 57% year-over-year, capping a robust first half of the […]
According to Cowen and Company’s Second-Quarter 2017 Rail Shipper Survey, respondents are anticipating price increases of 3.0% over the next 6-12 months, up 40 basis points from 2.6% in Cowen’s 1Q17 survey and the highest level since 4Q15.
June was another bumper month for US cargo airlines as the three major bellyhold players all registered double-digit percentage improvements in freight traffic. The largest US bellyhold airline, United, recorded a 22.3% year-on-year improvement in traffic in June to 280m cargo revenue ton miles. This is the airline’s tenth double-digit percentage improvement in a row […]
The Port of Los Angeles closed its 12-month fiscal year with total cargo volumes of 9.2 million TEUs, hitting its new annual record for most container throughput for a Western Hemisphere port. The volumes from the 12-month period increased by 9.7 percent, compared to 8.4 million TEU seen in the previous fiscal year ended June […]
Sentiment among American homebuilders deteriorated to an eight-month low in July on concerns about higher material costs, according to data Tuesday from the National Association of Home Builders/Wells Fargo.
The United States on Monday launched the first salvo in the renegotiation of the 23-year-old North American Free Trade Agreement (NAFTA), saying its top priority for the talks was shrinking the U.S. trade deficit with Canada and Mexico.
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