Increasingly high rents charged to chassis providers by the Port Authority of New York and New Jersey could hurt the port’s overall competitiveness, says Dennis Daggett, executive vice president of the International Longshoremen’s Association.
Housing recovery intact despite drop in new home sales
New U.S. single-family home sales tumbled from near a 9-1/2-year high in April, but the housing recovery likely remains intact amid a tightening labor market.
Why the Rout in Retail Shouldn’t Be a Big Worry for Economy
A furious pace of store closings and bankruptcies has drummed up fears that U.S. retail is collapsing. Not so fast. Many indicators suggest that retail employment is unlikely to shrivel and the economy will withstand any shock from the sector’s rout.
China, Russia set up wide-body jet firm in new challenge to Boeing, Airbus
China and Russia on Monday completed the formal registration of a joint venture to build a wide-body jet, kick-starting full-scale development of a program aimed at competing with market leaders Boeing Co. and Airbus SE. State plane makers Commercial Aircraft Corp of China Ltd (COMAC) [CMAFC.UL] and Russia’s United Aircraft Corp (UAC) said at a […]
China tells U.S. trade representative stronger cooperation needed
China’s commerce minister Zhong Shan told new United States Trade Representative Robert Lighthizer the two sides should strengthen cooperation and manage disputes in trade, according to a statement on the website of China’s Ministry of Commerce on Monday. The two met on Sunday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum.
Canada Must Deflate Its Housing Bubble
Canada’s housing market offers a case study in a contentious economic issue: If a central bank sees a bubble forming, should it act to deflate it? In this instance, the answer should be a resounding yes.
Trucking Conditions Index Falls Despite Positive Environment
FTR’s Trucking Conditions Index fell slightly in March despite positive economic conditions, reversing an upturn from the previous month. The March TCI fell back to a reading of 2.97 after hitting 5.11 in February. However, FTR analysts say steady improvement in spot rates indicates that a market-wide move to capacity tightness is on the way. […]
Amazon, not e-logs, seen disrupting truckload business
Truckload carriers and their shipper customers should be more worried about e-commerce than e-logging. The distribution and fulfillment demands of Amazon.com will significantly disrupt traditional long-haul truckload shipping, and many carriers don’t see it coming. (This article requires a subscription to the Journal of Commerce. To subscribe, please click on the above link.)
Chinese imports could imperil 65,000 US jobs in the latest industry under threat
If the United States allows some of China’s largest producers of freight rail cars into the country, they could end up eliminating up to 65,000 U.S. jobs, according to a study released Monday. The worry for some is that state-owned Chinese corporations will enter the U.S. and sell Chinese-built freight railcars far below the market […]
China Sparks World Container Traffic Boom
Preliminary data from Drewry’s Container Trades Statistics (CTS) indicates that world container traffic surged by 10% year-on-year in the first quarter of 2017, fuelled mainly by spikes in imports and exports from China.