U.S. retail sales unexpectedly fell in June for a second straight month, which could temper expectations of strong acceleration in economic growth in the second quarter. The Commerce Department said on Friday retail sales fell 0.2 percent last month, weighed down by declines in receipts at service stations, clothing stores and supermarkets.
China’s economy expanded faster-than-expected in the second quarter, setting the country on course to comfortably meet its 2017 growth target and giving policymakers room to tackle big economic challenges ahead of key leadership changes later this year.
Amid the devastating cyber attack on Maersk Group and Cosco Holdings buying OOCL with the help of Shanghai International Port Group, an interesting development on the US West Coast may have passed unnoticed. Hyundai Merchant Marine’s (HMM’s) decision to shut down its operations at its Port of Los Angeles terminal because the new alliances have […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 8, 2017. The July 4th holiday is included both in this year and the comparable week of 2016. For this week, total U.S. weekly rail traffic was 453,080 carloads and intermodal units, up 2.4 percent compared with the same […]
Airfreight growth looks set to slow over the coming months after a bumper start to the year, according to one forwarder index. The latest APAC Forwarding Index shows that in June fewer Asia Pacific forwarders noted month-on-month growth than they did in May. The index showed that 41.4% of respondents registered higher airfreight volumes on […]
July and August should be two of the busiest months ever seen for imports at US major retail container ports, possibly setting a new record, the latest Global Port Tracker report released by the US National Retail Federation and Hackett Associates says.
Welcome to STORES Top 100 Retailers. This annual compendium of the nation’s retailers is a ranking of the industry’s largest companies according to sales. Still, it’s the stories behind the numbers — the newly minted winners and the radical thinkers — who power these numbers and shape the future of retail. Explore the complete list […]
Global demand for new smartphone models is driving Taiwan’s trade surplus and corporate revenues to record highs, underlining the strength of Asian trade even in the face of geopolitical jitters and rumors of protectionism. As a result, Taiwanese companies are posting record sales, a development they owe largely to an upswing in the global electronics […]
Like many multinational companies, Italian engineering business Brembo relies on London to run its finances. The company, based close to the Alps, makes brakes for Formula One cars and motorbikes and sells them in 70 countries. Hundreds of millions of euros pass through its bank accounts each year – and London is the hub for […]
E-commerce continues to fuel a boom that’s tempered by overcapacity, rate pressures, sluggish demand and political doubt. The result: “cognitive dissonance” that finds a $1.4 trillion market scratching its head.
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